Pizza Pizza Royalty Corp. Stock Forecast
Red day on Friday for Pizza Pizza Royalty Corp. stock after losing 0.147%
(Updated on May 10, 2024)
The Pizza Pizza Royalty Corp. stock price fell by -0.147% on the last day (Friday, 10th May 2024) from $13.60 to $13.58. During the last trading day the stock fluctuated 1.19% from a day low at $13.50 to a day high of $13.66. The price has fallen in 6 of the last 10 days but is still up by 0.52% over the past 2 weeks. Volume has increased on the last day by 8 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, 37 thousand shares were bought and sold for approximately $506.03 thousand.
Given the current short-term trend, the stock is expected to fall -8.43% during the next 3 months and, with a 90% probability hold a price between $11.79 and $12.44 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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PZA.TO Signals & Forecast
The Pizza Pizza Royalty Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.43 and $13.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.72%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Pizza Pizza Royalty Corp. 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".
Support, Risk & Stop-loss for Pizza Pizza Royalty Corp. stock
Pizza Pizza Royalty Corp. finds support from accumulated volume at $13.44 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 $0.160 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: $12.98 (-4.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (PZA.TO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Pizza Pizza Royalty Corp. to open at $13.58, and during the day (based on 14 day Average True Range), to move between $13.42 and $13.74, which gives a possible trading interval of +/-$0.163 (+/-1.20%) up or down from last closing price. If Pizza Pizza Royalty Corp. takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.44 (1.03%) than the resistance at $13.77 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pizza Pizza Royalty Corp. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.628 Buy Candidate Unchanged
Predicted Opening Price for Pizza Pizza Royalty Corp. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $13.58 ( 0%) | $13.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PZA.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.74 | 1.18 % | |
| R2 | 13.68 | 0.728 % | ||
| R1 | 13.64 | 0.450 % | ||
| Current price: | 13.58 | |||
| Support | S1 | 13.52 | -0.450 % | |
| S2 | 13.48 | -0.728 % | ||
| S3 | 13.42 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.20 | 4.57 % | |
| R2 | 13.80 | 1.62 % | ||
| R1 | 13.77 | 1.40 % | ||
| Current price | 13.58 | |||
| Support | S1 | 13.44 | -1.03% | |
| S2 | 13.42 | -1.18% | ||
| S3 | 13.35 | -1.69% |
PZA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0775 | 0.585% |
| 2 | Feb 22, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.0775 | 0.564% |
| 3 | Jan 23, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.0775 | 0.537% |
| 4 | Dec 20, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0780 | 0.520% |
| 5 | Nov 07, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.0780 | 0.542% |
FAQ
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