Pressure Technologies plc Stock Forecast
Pressure Technologies plc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The Pressure Technologies plc stock price fell by -1.27% on the last day (Friday, 3rd May 2024) from £37.50 to £37.03. During the last trading day the stock fluctuated 0.83% from a day low at £37.03 to a day high of £37.33. The price has been going up and down for this period, and there has been a -1.27% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -57 thousand shares and in total, 10 thousand shares were bought and sold for approximately £364.84 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £35.38 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.02% during the next 3 months and, with a 90% probability hold a price between £41.75 and £52.96 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PRES.L Signals & Forecast
There are mixed signals in the stock today. The Pressure Technologies plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £37.36 and £38.21. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 10.52%. 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).
Support, Risk & Stop-loss for Pressure Technologies plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £34.50 and £34.40. 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, Pressure Technologies plc finds support just below today's level at £34.50. If this is broken, then the next support from accumulated volume will be at £34.40 and £33.50.
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 £0.308 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: £35.00 (-5.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (PRES.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Pressure Technologies plc to open at £37.13, and during the day (based on 14 day Average True Range), to move between £35.46 and £38.59, which gives a possible trading interval of +/-£1.56 (+/-4.22%) up or down from last closing price. If Pressure Technologies plc takes out the full calculated possible swing range there will be an estimated 8.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £37.50 (1.28%) than the support at £34.50 (6.82%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Pressure Technologies plc 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 Pressure Technologies plc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.351 Buy Candidate Upgraded
Predicted Opening Price for Pressure Technologies plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £37.13 ( 0.277%) | £37.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRES.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.44 | 1.11 % | |
| R2 | 37.32 | 0.791 % | ||
| R1 | 37.25 | 0.595 % | ||
| Current price: | 37.03 | |||
| Support | S1 | 37.01 | -0.0405 % | |
| S2 | 36.94 | -0.237 % | ||
| S3 | 36.82 | -0.555 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.00 | 13.44 % | |
| R2 | 40.50 | 9.39 % | ||
| R1 | 37.50 | 1.28 % | ||
| Current price | 37.03 | |||
| Support | S1 | 34.50 | -6.82% | |
| S2 | 34.40 | -7.09% | ||
| S3 | 33.50 | -9.52% |
PRES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2015 | Feb 18, 2016 | Mar 18, 2016 | £5.60 | 3.11% |
| 2 | Jun 16, 2015 | Jul 09, 2015 | Aug 07, 2015 | £2.80 | 1.28% |
| 3 | Dec 09, 2014 | Feb 19, 2015 | Mar 17, 2015 | £5.60 | 2.33% |
| 4 | Jun 10, 2014 | Jul 09, 2014 | Aug 08, 2014 | £2.80 | 0.459% |
| 5 | Dec 03, 2013 | Feb 12, 2014 | Mar 07, 2014 | £5.20 | 0.788% |
FAQ
Click here for our free guide on how to buy Pressure Technologies plc Stock.
