Prudential Public Limited Company Stock Forecast
Prudential Public Limited Company stock price up 2.68% on Monday
(Updated on Apr 29, 2024)
The Prudential Public Limited Company stock price gained 2.68% on the last trading day (Monday, 29th Apr 2024), rising from $18.31 to $18.80. During the last trading day the stock fluctuated 1.89% from a day low at $18.54 to a day high of $18.89. The price has risen in 7 of the last 10 days and is up by 6.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 528 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $27.67 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $19.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.85% during the next 3 months and, with a 90% probability hold a price between $14.08 and $16.10 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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PUK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.92%. 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 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. The Prudential Public Limited Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $18.92. On a fall, the stock will find some support from the short-term average at $18.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Prudential Public Limited Company stock
Prudential Public Limited Company finds support from accumulated volume at $18.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.350 (1.89%) between high and low. For the last week, the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $18.06 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (PUK) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Prudential Public Limited Company to open at $18.74, and during the day (based on 14 day Average True Range), to move between $18.37 and $19.23, which gives a possible trading interval of +/-$0.432 (+/-2.30%) up or down from last closing price. If Prudential Public Limited Company takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.59 (1.12%) than the resistance at $19.25 (2.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Prudential Public Limited Company stock A Buy?
Prudential Public Limited Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.283 Hold/Accumulate Unchanged
Predicted Opening Price for Prudential Public Limited Company of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $18.74 ( 0.319%) | $18.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PUK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.09 | 1.54 % | |
| R2 | 18.96 | 0.83 % | ||
| R1 | 18.87 | 0.392 % | ||
| Current price: | 18.80 | |||
| Support | S1 | 18.61 | -1.03 % | |
| S2 | 18.52 | -1.47 % | ||
| S3 | 18.39 | -2.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.30 | 2.66 % | |
| R2 | 19.27 | 2.50 % | ||
| R1 | 19.25 | 2.39 % | ||
| Current price | 18.80 | |||
| Support | S1 | 18.59 | -1.12% | |
| S2 | 17.67 | -6.01% | ||
| S3 | 17.26 | -8.19% |
PUK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 01, 2024 | May 16, 2024 | $0.284 | 1.51% |
| 2 | Aug 30, 2023 | Sep 07, 2023 | Oct 19, 2023 | $0.130 | 0.624% |
| 3 | Mar 15, 2023 | Mar 23, 2023 | May 15, 2023 | $0.261 | 0.89% |
| 4 | Aug 10, 2022 | Aug 18, 2022 | Sep 27, 2022 | $0.115 | 0.583% |
| 5 | Mar 19, 2022 | Mar 24, 2022 | May 13, 2022 | $0.237 | 0.99% |
FAQ
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