PrairieSky Royalty Ltd Stock Forecast
Green day on Thursday for PrairieSky Royalty Ltd stock after gaining 0.727%
(Updated on Jun 27, 2024)
The PrairieSky Royalty Ltd stock price gained 0.727% on the last trading day (Thursday, 27th Jun 2024), rising from $26.15 to $26.34. During the last trading day the stock fluctuated 1.57% from a day low at $26.14 to a day high of $26.55. The price has been going up and down for this period, and there has been a 0.19% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 211 thousand more shares were traded than the day before. In total, 728 thousand shares were bought and sold for approximately $19.17 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.56% during the next 3 months and, with a 90% probability hold a price between $23.75 and $26.07 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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PSK.TO Signals & Forecast
The PrairieSky Royalty Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $26.55. On a fall, the stock will find some support from the long-term average at approximately $26.30. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 19, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should go up by 1.45% to $26.72 within 22 trading days since signal was issued (Monday, July 08, 2024).
Support, Risk & Stop-loss for PrairieSky Royalty Ltd stock
PrairieSky Royalty Ltd finds support from accumulated volume at $26.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.410 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PSK.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect PrairieSky Royalty Ltd to open at $26.34, and during the day (based on 14 day Average True Range), to move between $25.69 and $26.99, which gives a possible trading interval of +/-$0.645 (+/-2.45%) up or down from last closing price. If PrairieSky Royalty Ltd takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.43 (0.34%) than the support at $26.15 (0.72%), 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 PrairieSky Royalty Ltd stock A Buy?
PrairieSky Royalty 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.
Current score: -1.546 Sell Candidate Unchanged
Predicted Opening Price for PrairieSky Royalty Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $26.34 ( 0.0127%) | $26.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSK.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.75 | 1.57% |
| R2 | 26.60 | 0.97% |
| R1 | 26.50 | 0.607% |
| Price | 26.34 | |
| S1 | 26.19 | -0.582% |
| S2 | 26.09 | -0.95% |
| S3 | 25.93 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.71 | 5.20% |
| R2 | 26.63 | 1.10% |
| R1 | 26.43 | 0.342% |
| Price | 26.34 | |
| S1 | 26.15 | -0.721% |
| S2 | 26.00 | -1.29% |
| S3 | 25.89 | -1.71% |
PSK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.250 | 0.95% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Mar 28, 2024 | $0 | 0% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.250 | 0.91% |
| 4 | Dec 05, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.240 | 1.01% |
| 5 | Sep 11, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.240 | 0.96% |
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