Pyxis Tankers Inc. Stock Forecast
Pyxis Tankers Inc. stock price down 1.21% on Wednesday
(Updated on Apr 17, 2024)
The Pyxis Tankers Inc. stock price fell by -1.21% on the last day (Wednesday, 17th Apr 2024) from $24.80 to $24.50. During the last trading day the stock fluctuated 1.79% from a day low at $24.35 to a day high of $24.78. The price has fallen in 4 of the last 10 days and is down by -1.61% for this period. Volume has increased on the last day by 1 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, 1 thousand shares were bought and sold for approximately $30.70 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pyxis Tankers Inc. stock with a 90% probability to be traded between $24.57 and $25.28 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
PXSAP Signals & Forecast
There are few to no technical positive signals at the moment. The Pyxis Tankers Inc. 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 $24.68 and $24.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -1.61%. 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). Pyxis Tankers Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, April 03, 2024 and based on theory for this formation the price should fall by -1.60% to $24.11 within 37 trading days since signal was issued (Thursday, April 18, 2024).
Support, Risk & Stop-loss for Pyxis Tankers Inc. stock
Pyxis Tankers Inc. finds support from accumulated volume at $24.50 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 $0.435 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 0.357%.
Our recommended stop-loss: $23.65 (-3.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (PXSAP) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Pyxis Tankers Inc. to open at $24.54, and during the day (based on 14 day Average True Range), to move between $24.37 and $24.63, which gives a possible trading interval of +/-$0.128 (+/-0.52%) up or down from last closing price. If Pyxis Tankers Inc. takes out the full calculated possible swing range there will be an estimated 1.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.50 (0.00%) than the support at $24.50 (0.00%), 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 Pyxis Tankers Inc. stock A Buy?
Pyxis Tankers Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Pyxis Tankers Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $24.54 ( 0.184%) | $24.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PXSAP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.98 | 1.96 % | |
| R2 | 24.81 | 1.28 % | ||
| R1 | 24.71 | 0.86 % | ||
| Current price: | 24.50 | |||
| Support | S1 | 24.38 | -0.495 % | |
| S2 | 24.28 | -0.91 % | ||
| S3 | 24.11 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.73 | 0.92 % | |
| R2 | 24.70 | 0.82 % | ||
| R1 | 24.50 | 0.0004 % | ||
| Current price | 24.50 | |||
| Support | S1 | 24.50 | -0.0004% | |
| S2 | 24.47 | -0.137% | ||
| S3 | 24.37 | -0.531% |
PXSAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 22, 2024 | $0.162 | 0.659% |
| 2 | Mar 01, 2024 | Mar 12, 2024 | Mar 20, 2024 | $0.162 | 0.653% |
| 3 | Jan 31, 2024 | Feb 12, 2024 | Feb 20, 2024 | $0.162 | 0.662% |
| 4 | Jan 11, 2024 | Jan 11, 2024 | Jan 22, 2024 | $0.162 | 0.659% |
| 5 | Nov 29, 2023 | Dec 12, 2023 | Dec 20, 2023 | $0.162 | 0.661% |
FAQ
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