Phoenix Spree Deutschland Fund Stock Forecast
Weaker technical forecast for Phoenix Spree Deutschland Fund as stock downgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The Phoenix Spree Deutschland Fund stock price gained 1.02% on the last trading day (Wednesday, 24th Apr 2024), rising from £147.00 to £148.50. It has now gained 3 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 2.70% from a day low at £148.00 to a day high of £152.00. The price has risen in 6 of the last 10 days and is up by 6.07% over the past 2 weeks. Volume fell on the last day by -41 thousand shares and in total, 27 thousand shares were bought and sold for approximately £3.95 million. 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.
Given the current short-term trend, the stock is expected to fall -24.09% during the next 3 months and, with a 90% probability hold a price between £77.78 and £112.73 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.
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PSDL.L Signals & Forecast
The Phoenix Spree Deutschland Fund 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 £144.07 and £142.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 19.28%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Phoenix Spree Deutschland Fund stock
Phoenix Spree Deutschland Fund finds support from accumulated volume at £145.00 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 £4.00 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: £143.81 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (PSDL.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Phoenix Spree Deutschland Fund to open at £149.50, and during the day (based on 14 day Average True Range), to move between £143.51 and £153.49, which gives a possible trading interval of +/-£4.99 (+/-3.36%) up or down from last closing price. If Phoenix Spree Deutschland Fund takes out the full calculated possible swing range there will be an estimated 6.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £145.00 (2.36%) than the resistance at £173.50 (16.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Phoenix Spree Deutschland Fund will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for Phoenix Spree Deutschland Fund, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.82% in the first trading day after earnings release.
Is Phoenix Spree Deutschland Fund stock A Buy?
Phoenix Spree Deutschland Fund 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Phoenix Spree Deutschland Fund of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £149.50 ( 0.673%) | £148.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSDL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.50 | 3.37 % | |
| R2 | 151.97 | 2.34 % | ||
| R1 | 151.03 | 1.70 % | ||
| Current price: | 148.50 | |||
| Support | S1 | 147.97 | -0.356 % | |
| S2 | 147.03 | -0.99 % | ||
| S3 | 145.50 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.00 | 21.21 % | |
| R2 | 178.00 | 19.87 % | ||
| R1 | 173.50 | 16.84 % | ||
| Current price | 148.50 | |||
| Support | S1 | 145.00 | -2.36% | |
| S2 | 143.00 | -3.70% | ||
| S3 | 141.00 | -5.05% |
PSDL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 29, 2022 | Oct 06, 2022 | Oct 28, 2022 | £2.09 | 0.84% |
| 2 | Mar 30, 2022 | May 12, 2022 | Jun 09, 2022 | £4.29 | 1.23% |
| 3 | Sep 24, 2021 | Oct 07, 2021 | Oct 29, 2021 | £2.02 | 0.504% |
| 4 | Mar 29, 2021 | May 13, 2021 | Jun 07, 2021 | £4.65 | 1.17% |
| 5 | Sep 15, 2020 | Sep 24, 2020 | Oct 16, 2020 | £2.10 | 0.648% |
FAQ
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