Praemium Ltd Stock Forecast
Praemium Ltd stock price ended at A$0.505 on Friday, after gaining 1.00%.
(Updated on Jun 28, 2024)
The Praemium Ltd stock price gained 1.00% on the last trading day (Friday, 28th Jun 2024), rising from A$0.500 to A$0.505. During the last trading day the stock fluctuated 8.42% from a day low at A$0.475 to a day high of A$0.515. The price has risen in 6 of the last 10 days and is up by 12.22% over the past 2 weeks. Volume fell on the last day by -150 thousand shares and in total, 520 thousand shares were bought and sold for approximately A$262.59 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at A$0.515 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.75% during the next 3 months and, with a 90% probability hold a price between A$0.464 and A$0.555 at the end of this 3-month period.
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PPS.AX Signals & Forecast
The Praemium Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at A$0.490 and A$0.455. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 21.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Praemium Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at A$0.470 and A$0.450. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Praemium Ltd finds support just below today's level at A$0.470. If this is broken, then the next support from accumulated volume will be at A$0.450 and A$0.440.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved A$0.0400 between high and low, or 8.42%. For the last week the stock has had daily average volatility of 5.23%.
Our recommended stop-loss: A$0.489 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (PPS.AX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Praemium Ltd to open at A$0.498, and during the day (based on 14 day Average True Range), to move between A$0.484 and A$0.526, which gives a possible trading interval of +/-A$0.0208 (+/-4.12%) up or down from last closing price. If Praemium Ltd takes out the full calculated possible swing range there will be an estimated 8.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ A$0.470, some A$0.0350 (6.93%) from the current price of A$0.505, our system finds the risk reward attractive.
Is Praemium Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Praemium Ltd stock to perform well in the short-term.
Current score: 3.948 Buy Candidate Unchanged
Predicted Opening Price for Praemium Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| A$0.498 ( 1.32%) | A$0.505 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPS.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.538 | 6.60% |
| R2 | 0.523 | 3.57% |
| R1 | 0.514 | 1.71% |
| Price | 0.505 | |
| S1 | 0.483 | -4.35% |
| S2 | 0.474 | -6.22% |
| S3 | 0.458 | -9.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.505 | |
| S1 | 0.470 | -6.93% |
| S2 | 0.450 | -10.89% |
| S3 | 0.440 | -12.87% |
PPS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 25, 2022 | Jul 25, 2022 | Jul 25, 2022 | A$0.0500 | 8.20% |
FAQ
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