PetroTal Corp. Stock Forecast
Red day on Thursday for PetroTal Corp. stock after losing 0%
(Updated on May 09, 2024)
No changes to the price of PetroTal Corp. stock on the last trading day (Thursday, 9th May 2024). During the last trading day the stock fluctuated 0% from a day low at £48.00 to a day high of £48.00. The price has been going up and down for this period, and there has been a 1.05% gain for the last 2 weeks.
The stock lies in the middle of a strong 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 11.66% during the next 3 months and, with a 90% probability hold a price between £52.02 and £57.18 at the end of this 3-month period.
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PTAL.L Signals & Forecast
The PetroTal Corp. 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 £47.54 and £46.86. A breakdown below any of these levels will issue sell signals. 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, May 08, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for PetroTal Corp. stock
PetroTal Corp. finds support from accumulated volume at £47.50 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.55%
Our recommended stop-loss: £46.05 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PTAL.L) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect PetroTal Corp. to open at £48.00, and during the day (based on 14 day Average True Range), to move between £46.76 and £49.24, which gives a possible trading interval of +/-£1.24 (+/-2.59%) up or down from last closing price. If PetroTal Corp. takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £47.50 (1.04%) than the resistance at £48.75 (1.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PetroTal Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PetroTal Corp. stock to perform well in the short-term.
Current score: 2.134 Buy Candidate Unchanged
Predicted Opening Price for PetroTal Corp. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| £48.00 ( 0%) | £48.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTAL.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.00 | . | |
| R2 | 48.00 | . | ||
| R1 | 48.00 | . | ||
| Current price: | 48.00 | |||
| Support | S1 | 48.00 | . | |
| S2 | 48.00 | . | ||
| S3 | 48.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.60 | 3.33 % | |
| R2 | 49.50 | 3.13 % | ||
| R1 | 48.75 | 1.56 % | ||
| Current price | 48.00 | |||
| Support | S1 | 47.50 | -1.04% | |
| S2 | 46.50 | -3.13% | ||
| S3 | 44.25 | -7.81% |
PTAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | £0 | 0% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | £0 | 0% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | £1.50 | 3.43% |
| 4 | Dec 12, 2019 | Dec 19, 2019 | Jan 20, 2020 | £0.170 | 0.596% |
FAQ
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