Petrus Resources Ltd. Stock Forecast
Petrus Resources Ltd. stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
No changes to the price of Petrus Resources Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.725% from a day low at $1.38 to a day high of $1.39. The price has risen in 4 of the last 10 days and is up by 2.22% over the past 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.11% during the next 3 months and, with a 90% probability hold a price between $1.32 and $1.47 at the end of this 3-month period.
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PRQ.TO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.43%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Petrus Resources Ltd. stock
Petrus Resources Ltd. finds support from accumulated volume at $1.34 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 $0.0100 (0.725%) between high and low. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRQ.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Petrus Resources Ltd. to open at $1.38, and during the day (based on 14 day Average True Range), to move between $1.34 and $1.42, which gives a possible trading interval of +/-$0.0404 (+/-2.93%) up or down from last closing price. If Petrus Resources Ltd. takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.40 (1.45%) than the support at $1.34 (2.90%), 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 Petrus Resources Ltd. stock A Buy?
Petrus Resources Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.741 Sell Candidate Downgraded
Predicted Opening Price for Petrus Resources Ltd. of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $1.38 ( 0.242%) | $1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRQ.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.39 | 0.97% |
| R2 | 1.39 | 0.689% |
| R1 | 1.39 | 0.518% |
| Price | 1.38 | |
| S1 | 1.38 | -0.0353% |
| S2 | 1.38 | -0.206% |
| S3 | 1.37 | -0.483% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.43 | 3.62% |
| R2 | 1.42 | 2.90% |
| R1 | 1.40 | 1.45% |
| Price | 1.38 | |
| S1 | 1.34 | -2.90% |
| S2 | 1.33 | -3.62% |
| S3 | 1.32 | -4.35% |
PRQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 17, 2024 | Jun 28, 2024 | $0.0100 | 0.725% |
| 2 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.0100 | 0.746% |
| 3 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0100 | 0.730% |
| 4 | Feb 29, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.0100 | 0.752% |
| 5 | Jan 30, 2024 | Feb 15, 2024 | Feb 29, 2024 | $0.0100 | 0.752% |
FAQ
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