Phoenix Spree Deutschland Fund Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Phoenix Spree Deutschland Fund stock after gaining 3.42%
(Updated on Apr 26, 2024)
The Phoenix Spree Deutschland Fund stock price gained 3.42% on the last trading day (Friday, 26th Apr 2024), rising from £146.00 to £151.00. During the last trading day the stock fluctuated 2.37% from a day low at £147.51 to a day high of £151.00. The price has risen in 6 of the last 10 days and is up by 8.24% over the past 2 weeks. Volume fell on the last day by -85 thousand shares and in total, 14 thousand shares were bought and sold for approximately £2.07 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 -23.03% during the next 3 months and, with a 90% probability hold a price between £78.44 and £116.22 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
Mostly positive signals in the chart today. 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 £146.14 and £143.12. 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 21.29%. 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). 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.
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 £3.49 between high and low, or 2.37%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: £146.38 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (PSDL.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Phoenix Spree Deutschland Fund to open at £149.84, and during the day (based on 14 day Average True Range), to move between £145.51 and £156.49, which gives a possible trading interval of +/-£5.49 (+/-3.64%) 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 7.27% 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 (3.97%) than the resistance at £178.00 (17.88%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.256 Buy Candidate Unchanged
Predicted Opening Price for Phoenix Spree Deutschland Fund of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £149.84 ( 0.771%) | £151.00 |
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 | 153.33 | 1.54 % | |
| R2 | 151.99 | 0.658 % | ||
| R1 | 151.17 | 0.113 % | ||
| Current price: | 151.00 | |||
| Support | S1 | 148.50 | -1.65 % | |
| S2 | 147.68 | -2.20 % | ||
| S3 | 146.35 | -3.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.00 | 19.21 % | |
| R2 | 179.50 | 18.87 % | ||
| R1 | 178.00 | 17.88 % | ||
| Current price | 151.00 | |||
| Support | S1 | 145.00 | -3.97% | |
| S2 | 143.00 | -5.30% | ||
| S3 | 141.00 | -6.62% |
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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