Pyxis Tankers Inc. Stock Forecast
Pyxis Tankers Inc. stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Pyxis Tankers Inc. stock price gained 0.157% on the last trading day (Tuesday, 2nd Jul 2024), rising from $24.96 to $25.00. During the last trading day the stock fluctuated 0.200% from a day low at $24.95 to a day high of $25.00. The price has risen in 6 of the last 10 days and is up by 0.81% over the past 2 weeks. Volume fell on the last day by -891 shares and in total, 609 shares were bought and sold for approximately $15.23 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $25.16 and $25.71 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.
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PXSAP Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -0.621%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Pyxis Tankers Inc. 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 $24.97 and $24.96. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Pyxis Tankers Inc. stock
Pyxis Tankers Inc. finds support from accumulated volume at $24.99 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 $0.0500 between high and low, or 0.200%. For the last week the stock has had daily average volatility of 0.0920%
Our recommended stop-loss: $24.01 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (PXSAP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pyxis Tankers Inc. to open at $24.98, and during the day (based on 14 day Average True Range), to move between $24.92 and $25.08, which gives a possible trading interval of +/-$0.0800 (+/-0.32%) up or down from last closing price. If Pyxis Tankers Inc. takes out the full calculated possible swing range there will be an estimated 0.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.99 (0.04%) than the resistance at $25.02 (0.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pyxis Tankers Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pyxis Tankers Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.008 Buy Candidate Upgraded
Predicted Opening Price for Pyxis Tankers Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $24.98 ( 0.0667%) | $25.00 |
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 | |
|---|---|---|
| R3 | 25.03 | 0.133% |
| R2 | 25.01 | 0.0569% |
| R1 | 25.00 | 0.0097% |
| Price | 25.00 | |
| S1 | 24.96 | -0.143% |
| S2 | 24.95 | -0.190% |
| S3 | 24.93 | -0.267% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.16 | 0.625% |
| R2 | 25.07 | 0.260% |
| R1 | 25.02 | 0.0640% |
| Price | 25.00 | |
| S1 | 24.99 | -0.0400% |
| S2 | 24.94 | -0.240% |
| S3 | 24.50 | -2.00% |
PXSAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | Jun 13, 2024 | Jun 20, 2024 | $0.162 | 0.649% |
| 2 | May 01, 2024 | May 10, 2024 | May 20, 2024 | $0.162 | 0.646% |
| 3 | Apr 11, 2024 | Apr 11, 2024 | Apr 22, 2024 | $0.162 | 0.655% |
| 4 | Mar 01, 2024 | Mar 12, 2024 | Mar 20, 2024 | $0.162 | 0.653% |
| 5 | Jan 31, 2024 | Feb 12, 2024 | Feb 20, 2024 | $0.162 | 0.662% |
FAQ
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