North American Palladium Ltd. Stock Forecast
Red day on Wednesday for North American Palladium Ltd. stock after losing 0%
(Updated on Jan 22, 2020)
No changes to the price of North American Palladium Ltd. stock on the last trading day (Wednesday, 22nd Jan 2020). During the last trading day the stock fluctuated 0% from a day low at $19.73 to a day high of $19.73. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $19.71 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect North American Palladium Ltd. stock with a 90% probability to be traded between $19.82 and $20.11 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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PDL.TO Signals & Forecast
The North American Palladium Ltd. 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 $19.73 and $19.73. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, November 28, 2019, and so far it has fallen -0.95%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for North American Palladium Ltd. stock
North American Palladium Ltd. finds support from accumulated volume at $19.71 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $18.88 (-4.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (PDL.TO) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect North American Palladium Ltd. to open at $19.73, and during the day (based on 14 day Average True Range), to move between $19.72 and $19.74, which gives a possible trading interval of +/-$0.0098 (+/-0.05%) up or down from last closing price. If North American Palladium Ltd. takes out the full calculated possible swing range there will be an estimated 0.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.74 (0.05%) than the support at $19.71 (0.10%), 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 North American Palladium Ltd. 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 North American Palladium Ltd. stock to perform well in the short-term period.
Current score: 2.741 Buy Candidate Unchanged
Predicted Opening Price for North American Palladium Ltd. of Thursday, January 23, 2020
| Fair opening price January 23, 2020 | Current price |
|---|---|
| $19.73 ( 0%) | $19.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDL.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.73 | . | |
| R2 | 19.73 | . | ||
| R1 | 19.73 | . | ||
| Current price: | 19.73 | |||
| Support | S1 | 19.73 | . | |
| S2 | 19.73 | . | ||
| S3 | 19.73 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.92 | 0.96 % | |
| R2 | 19.75 | 0.101 % | ||
| R1 | 19.74 | 0.0507 % | ||
| Current price | 19.73 | |||
| Support | S1 | 19.71 | -0.101% | |
| S2 | 19.67 | -0.304% | ||
| S3 | 19.65 | -0.405% |
FAQ
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