RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PANL
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Pangaea Logistics Solutions stock upgraded to Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 06, 2024 Loss -16.69% PDF

The Pangaea Logistics Solutions stock price gained 1.63% on the last trading day (Wednesday, 27th Mar 2024), rising from $6.73 to $6.84. During the last trading day the stock fluctuated 1.63% from a day low at $6.73 to a day high of $6.84. The price has fallen in 7 of the last 10 days and is down by -17.49% for this period. Volume fell on the last day by -66 thousand shares and in total, 250 thousand shares were bought and sold for approximately $1.71 million. 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 lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.71 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.05% during the next 3 months and, with a 90% probability hold a price between $5.90 and $7.68 at the end of this 3-month period.

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PANL Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.63%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pangaea Logistics Solutions 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 $6.89 and $7.95. 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 Pangaea Logistics Solutions stock

Pangaea Logistics Solutions finds support from accumulated volume at $6.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.110 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 2.75%.

Pangaea Logistics Solutions is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PANL) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Pangaea Logistics Solutions Ltd. to open at $6.80, and during the day (based on 14 day Average True Range), to move between $6.53 and $7.15, which gives a possible trading interval of +/-$0.310 (+/-4.54%) up or down from last closing price. If Pangaea Logistics Solutions Ltd. takes out the full calculated possible swing range there will be an estimated 9.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.82 (0.29%) than the resistance at $7.00 (2.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pangaea Logistics Solutions Ltd. stock A Buy?

Pangaea Logistics Solutions holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.332 Sell Candidate Upgraded

Predicted Opening Price for Pangaea Logistics Solutions Ltd. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$6.80 ( 0.536%) $6.84

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PANL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.91 1.07 %
R2 6.87 0.458 %
R1 6.85 0.0783 %
Current price: 6.84
Support S1 6.76 -1.15 %
S2 6.74 -1.53 %
S3 6.69 -2.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.24 20.47 %
R2 8.18 19.59 %
R1 7.00 2.34 %
Current price 6.84
Support S1 6.82 -0.292%
S2 6.75 -1.32%
S3 6.73 -1.61%

PANL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Feb 29, 2024 Mar 15, 2024 $0.100 1.46%
2 Nov 08, 2023 Nov 30, 2023 Dec 15, 2023 $0.100 1.27%
3 Aug 07, 2023 Aug 31, 2023 Sep 15, 2023 $0.100 1.80%
4 May 09, 2023 May 31, 2023 Jun 15, 2023 $0.100 1.59%
5 Feb 15, 2023 Feb 28, 2023 Mar 15, 2023 $0.100 1.65%

FAQ

What is the symbol for Pangaea Logistics Solutions Stock and on which exchange is it traded?
The symbol for Pangaea Logistics Solutions is PANL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Pangaea Logistics Solutions Stock?
Pangaea Logistics Solutions holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Pangaea Logistics Solutions Stock?
Pangaea Logistics Solutions Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pangaea Logistics Solutions Stock.

What's the current price of Pangaea Logistics Solutions Stock?
As of the end of day on the 2024-03-27, the price of an Pangaea Logistics Solutions (PANL) share was $6.84.

What is the 52-week high and low for Pangaea Logistics Solutions Stock?
The 52-week high for Pangaea Logistics Solutions Stock is $9.53 and the 52-week low is $5.23.

What is the market capitalization of Pangaea Logistics Solutions Stock?
As of the 2024-03-27, the market capitalization of Pangaea Logistics Solutions is 314.434M.

When is the next earnings date for Pangaea Logistics Solutions?
The upcoming earnings date for Pangaea Logistics Solutions is May 08, 2024.
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About Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite, and limestone. Its ocean logistics services comprise cargo loading, cargo discharge, vessel chartering, voyage planning, and techni... PANL Profile

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