Pembina Pipeline Corp Cum Red Pfd Shs A Stock Forecast
Stronger technical forecast for Pembina Pipeline Corp Cum Red Pfd Shs A stock price after Friday trading.
(Updated on Jun 28, 2024)
The Pembina Pipeline Corp Cum Red Pfd Shs A stock price gained 2.14% on the last trading day (Friday, 28th Jun 2024), rising from $20.56 to $21.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.14% from a day low at $20.56 to a day high of $21.00. The price has risen in 7 of the last 10 days and is up by 5.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately $121.19 thousand.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $20.96, a level that may pose a second chance to hit a runner. According to fan-theory $22.50 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PPL-PA.TO Signals & Forecast
Mostly positive signals in the chart today. The Pembina Pipeline Corp Cum Red Pfd Shs A stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.18 and $20.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 7.64%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Pembina Pipeline Corp Cum Red Pfd Shs A has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Pembina Pipeline Corp Cum Red Pfd Shs A stock
Pembina Pipeline Corp Cum Red Pfd Shs A finds support from accumulated volume at $20.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.440 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: $20.19 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (PPL-PA.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Pembina Pipeline Corp Cum Red Pfd Shs A Series 1 to open at $20.85, and during the day (based on 14 day Average True Range), to move between $20.72 and $21.28, which gives a possible trading interval of +/-$0.277 (+/-1.32%) up or down from last closing price. If Pembina Pipeline Corp Cum Red Pfd Shs A Series 1 takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.98 (0.10%) than the resistance at $21.12 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pembina Pipeline Corp Cum Red Pfd Shs A Series 1 stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.000 Buy Candidate Upgraded
Predicted Opening Price for Pembina Pipeline Corp Cum Red Pfd Shs A Series 1 of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $20.85 ( 0.698%) | $21.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPL-PA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.29 | 1.40% |
| R2 | 21.13 | 0.596% |
| R1 | 21.02 | 0.102% |
| Price | 21.00 | |
| S1 | 20.69 | -1.50% |
| S2 | 20.58 | -1.99% |
| S3 | 20.41 | -2.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.43 | 2.05% |
| R2 | 21.35 | 1.67% |
| R1 | 21.12 | 0.571% |
| Price | 21.00 | |
| S1 | 20.98 | -0.0952% |
| S2 | 20.49 | -2.43% |
| S3 | 20.05 | -4.52% |
PPL-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | Jun 03, 2024 | $0.408 | 1.90% |
| 2 | Jan 31, 2024 | Jan 31, 2024 | Mar 01, 2024 | $0.408 | 1.97% |
| 3 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | $0.307 | 1.70% |
| 4 | Jul 31, 2023 | Jul 31, 2023 | Sep 01, 2023 | $0.307 | 1.76% |
| 5 | Apr 28, 2023 | Apr 28, 2023 | Jun 01, 2023 | $0.307 | 1.85% |
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