Pintec Technology Holdings Limited Stock Forecast
Pintec Technology Holdings Limited stock price ended at $1.08 on Wednesday, after gaining 1.01%.
(Updated on May 01, 2024)
The Pintec Technology Holdings Limited stock price gained 1.01% on the last trading day (Wednesday, 1st May 2024), rising from $1.07 to $1.08. During the last trading day the stock fluctuated 2.70% from a day low at $1.08 to a day high of $1.11. The price has risen in 5 of the last 10 days and is up by 1.48% over the past 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 68 thousand shares were bought and sold for approximately $73.24 thousand. 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.
The stock lies in the middle of a wide and 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 -6.22% during the next 3 months and, with a 90% probability hold a price between $0.93 and $1.08 at the end of this 3-month period.
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PT Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.48%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pintec Technology Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.09 and $1.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 13.93% to $1.23 within 44 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Pintec Technology Holdings Limited stock
Pintec Technology Holdings Limited finds support from accumulated volume at $1.08 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0292 between high and low, or 2.70%. For the last week the stock has had daily average volatility of 3.36%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Pintec Technology Holdings Limited to open at $1.09, and during the day (based on 14 day Average True Range), to move between $1.05 and $1.11, which gives a possible trading interval of +/-$0.0301 (+/-2.79%) up or down from last closing price. If Pintec Technology Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.08 (0.07%) than the resistance at $1.10 (1.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pintec Technology Holdings Limited stock A Buy?
Pintec Technology Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.826 Sell Candidate Unchanged
Predicted Opening Price for Pintec Technology Holdings Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $1.09 ( 0.90%) | $1.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 3.60 % | |
| R2 | 1.11 | 2.57 % | ||
| R1 | 1.10 | 1.93 % | ||
| Current price: | 1.08 | |||
| Support | S1 | 1.08 | -0.131 % | |
| S2 | 1.07 | -0.769 % | ||
| S3 | 1.06 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.20 | 11.03 % | |
| R2 | 1.16 | 7.33 % | ||
| R1 | 1.10 | 1.78 % | ||
| Current price | 1.08 | |||
| Support | S1 | 1.08 | -0.0740% | |
| S2 | 1.07 | -1.00% | ||
| S3 | 1.07 | -1.46% |
PT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2014 | May 27, 2014 | Jun 20, 2014 | $0.0900 | 0% |
| 2 | May 14, 2013 | May 14, 2013 | May 24, 2013 | $0.250 | 0% |
| 3 | May 22, 2012 | May 22, 2012 | Jun 08, 2012 | $0.340 | 0% |
| 4 | Dec 29, 2011 | Dec 29, 2011 | Jan 18, 2012 | $0.190 | 0% |
| 5 | May 12, 2011 | May 31, 2011 | Jun 13, 2011 | $0.630 | 0% |
FAQ
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