PWR Holdings Limited Stock Forecast
PWR Holdings Limited stock price ended at $11.11 on Friday, after losing 0.80%.
(Updated on Apr 19, 2024)
The PWR Holdings Limited stock price fell by -0.80% on the last day (Friday, 19th Apr 2024) from $11.20 to $11.11. During the last trading day the stock fluctuated 2.85% from a day low at $10.89 to a day high of $11.20. The price has been going up and down for this period, and there has been a -3.81% loss for the last 2 weeks. Volume has increased on the last day by 475 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, 521 thousand shares were bought and sold for approximately $5.79 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.84% during the next 3 months and, with a 90% probability hold a price between $11.94 and $14.62 at the end of this 3-month period.
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PWH.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.82%. 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 PWR Holdings Limited 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 $11.15 and $11.60. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PWR Holdings Limited stock
PWR Holdings Limited finds support from accumulated volume at $10.91 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 $0.310 between high and low, or 2.85%. For the last week the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PWH.AX) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect PWR Holdings Limited to open at $11.07, and during the day (based on 14 day Average True Range), to move between $10.83 and $11.39, which gives a possible trading interval of +/-$0.282 (+/-2.54%) up or down from last closing price. If PWR Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.91 (1.80%) than the resistance at $12.18 (9.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PWR Holdings Limited stock A Buy?
The PWR Holdings Limited stock holds several negative signals and despite the positive trend, we believe PWR Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.885 Sell Candidate Unchanged
Predicted Opening Price for PWR Holdings Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $11.07 ( 0.390%) | $11.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PWH.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.38 | 2.40 % | |
| R2 | 11.26 | 1.33 % | ||
| R1 | 11.19 | 0.676 % | ||
| Current price: | 11.11 | |||
| Support | S1 | 10.95 | -1.46 % | |
| S2 | 10.88 | -2.11 % | ||
| S3 | 10.76 | -3.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.94 | 16.47 % | |
| R2 | 12.60 | 13.41 % | ||
| R1 | 12.18 | 9.63 % | ||
| Current price | 11.11 | |||
| Support | S1 | 10.91 | -1.80% | |
| S2 | 10.64 | -4.23% | ||
| S3 | 10.15 | -8.64% |
PWH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 22, 2024 | $0.0480 | 0.414% |
| 2 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | $0.0360 | 0.370% |
| 3 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | $0.0850 | 0.87% |
| 4 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | $0.0350 | 0.375% |
| 5 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | $0.0600 | 0.653% |
FAQ
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