Big Pharma Split Corp. Class A Stock Forecast
Green day on Friday for Big Pharma Split Corp. Class A
(Updated on May 17, 2024)
The Big Pharma Split Corp. Class A stock price gained 0.770% on the last trading day (Friday, 17th May 2024), rising from $14.29 to $14.40. During the last trading day the stock fluctuated 0% from a day low at $14.40 to a day high of $14.40. The price has risen in 4 of the last 10 days and is up by 3.97% 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, 200 more shares were traded than the day before. In total, 200 shares were bought and sold for approximately $2.88 thousand.
Given the current short-term trend, the stock is expected to fall -4.81% during the next 3 months and, with a 90% probability hold a price between $12.42 and $13.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PRM.TO Signals & Forecast
The Big Pharma Split Corp. Class A 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 $14.12 and $13.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 8.60%. 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). Big Pharma Split Corp. Class 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Big Pharma Split Corp. Class A stock
Big Pharma Split Corp. Class A finds support from accumulated volume at $14.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.242%.
The Big Pharma Split Corp. Class A stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $13.67 (-5.06%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (PRM.TO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Big Pharma Split Corp. Class A to open at $14.40, and during the day (based on 14 day Average True Range), to move between $14.27 and $14.53, which gives a possible trading interval of +/-$0.133 (+/-0.92%) up or down from last closing price. If Big Pharma Split Corp. Class A takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.45 (0.35%) than the support at $14.29 (0.76%), 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 Big Pharma Split Corp. Class A stock A Buy?
Big Pharma Split Corp. Class A holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Big Pharma Split Corp. Class A of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$14.40 ( 0%) | $14.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRM.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.40 | . | |
R2 | 14.40 | . | ||
R1 | 14.40 | . | ||
Current price: | 14.40 | |||
Support | S1 | 14.40 | . | |
S2 | 14.40 | . | ||
S3 | 14.40 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.53 | 0.90 % | |
R2 | 14.50 | 0.694 % | ||
R1 | 14.45 | 0.347 % | ||
Current price | 14.40 | |||
Support | S1 | 14.29 | -0.764% | |
S2 | 13.83 | -3.96% | ||
S3 | 13.30 | -7.64% |
PRM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 09, 2024 | $0.103 | 0.737% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 09, 2024 | $0.103 | 0.744% |
3 | Feb 28, 2024 | Feb 28, 2024 | Mar 08, 2024 | $0.103 | 0.710% |
4 | Feb 21, 2024 | Feb 21, 2024 | Mar 08, 2024 | $0.0730 | 0.502% |
5 | Jan 30, 2024 | Jan 30, 2024 | Feb 09, 2024 | $0.103 | 0.716% |
FAQ
Click here for our free guide on how to buy Big Pharma Split Corp. Class A Stock.