Pyxis Tankers Inc. Stock Forecast
Pyxis Tankers Inc. stock price ended at $24.42 on Tuesday, after gaining 0.0406%.
(Updated on Apr 30, 2024)
The Pyxis Tankers Inc. stock price gained 0.0406% on the last trading day (Tuesday, 30th Apr 2024), rising from $24.41 to $24.42. During the last trading day the stock fluctuated 0% from a day low at $24.42 to a day high of $24.42. The price has fallen in 5 of the last 10 days and is down by -1.53% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $30.74 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 $24.36 and $25.02 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
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.0406%. Further rise is indicated until a new top pivot has been found. Pyxis Tankers Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pyxis Tankers Inc. 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 $24.54 and $24.69. 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).
Support, Risk & Stop-loss for Pyxis Tankers Inc. stock
Pyxis Tankers Inc. finds support from accumulated volume at $24.40 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.164%.
Our recommended stop-loss: $22.92 (-6.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (PXSAP) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Pyxis Tankers Inc. to open at $24.42, and during the day (based on 14 day Average True Range), to move between $24.31 and $24.53, which gives a possible trading interval of +/-$0.110 (+/-0.45%) up or down from last closing price. If Pyxis Tankers Inc. takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.40 (0.08%) than the resistance at $24.50 (0.33%), 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?
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: -0.627 Hold/Accumulate Unchanged
Predicted Opening Price for Pyxis Tankers Inc. of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$24.42 ( 0%) | $24.42 |
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 | 24.42 | . | |
R2 | 24.42 | . | ||
R1 | 24.42 | . | ||
Current price: | 24.42 | |||
Support | S1 | 24.42 | . | |
S2 | 24.42 | . | ||
S3 | 24.42 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.70 | 1.15 % | |
R2 | 24.50 | 0.328 % | ||
R1 | 24.50 | 0.328 % | ||
Current price | 24.42 | |||
Support | S1 | 24.40 | -0.0819% | |
S2 | 24.37 | -0.205% | ||
S3 | 24.34 | -0.344% |
PXSAP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | Apr 22, 2024 | $0.162 | 0.655% |
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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