PetroTal Corp. Stock Forecast
PetroTal Corp. stock price ended at £46.10 on Wednesday, after losing 1.18%.
(Updated on May 22, 2024)
The PetroTal Corp. stock price fell by -1.18% on the last day (Wednesday, 22nd May 2024) from £46.65 to £46.10. During the last trading day the stock fluctuated 2.20% from a day low at £45.99 to a day high of £47.00. The price has been going up and down for this period, and there has been a -3.96% loss for the last 2 weeks. Volume has increased on the last day by 362 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 702 thousand shares were bought and sold for approximately £32.37 million.
Given the current short-term trend, the stock is expected to rise 10.36% during the next 3 months and, with a 90% probability hold a price between £50.88 and £57.16 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PTAL.L Signals & Forecast
There are few to no technical positive signals at the moment. The PetroTal Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £46.50 and £47.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -7.06%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PetroTal Corp. stock
PetroTal Corp. finds support from accumulated volume at £44.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £1.01 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PTAL.L) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect PetroTal Corp. to open at £46.36, and during the day (based on 14 day Average True Range), to move between £44.85 and £47.35, which gives a possible trading interval of +/-£1.25 (+/-2.72%) up or down from last closing price. If PetroTal Corp. takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £46.50 (0.87%) than the support at £44.50 (3.47%), 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 PetroTal Corp. stock A Buy?
The PetroTal Corp. stock holds several negative signals and despite the positive trend, we believe PetroTal Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.215 Sell Candidate Unchanged
Predicted Opening Price for PetroTal Corp. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| £46.36 ( 0.571%) | £46.10 |
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 | 47.37 | 2.76 % | |
| R2 | 46.99 | 1.93 % | ||
| R1 | 46.75 | 1.41 % | ||
| Current price: | 46.10 | |||
| Support | S1 | 45.98 | -0.266 % | |
| S2 | 45.74 | -0.783 % | ||
| S3 | 45.35 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.00 | 4.12 % | |
| R2 | 47.50 | 3.04 % | ||
| R1 | 46.50 | 0.87 % | ||
| Current price | 46.10 | |||
| Support | S1 | 44.50 | -3.47% | |
| S2 | 44.25 | -4.01% | ||
| S3 | 43.00 | -6.72% |
PTAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | £0 | 0% |
| 2 | May 30, 2024 | May 30, 2024 | May 30, 2024 | £0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | £0 | 0% |
| 4 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | £0 | 0% |
| 5 | May 30, 2023 | May 30, 2023 | May 30, 2023 | £1.50 | 3.43% |
FAQ
Click here for our free guide on how to buy PetroTal Corp. Stock.
