PHC INC Stock Forecast
Big movements in PHC INC stock price on Monday moving 10.56% between high and low
(Updated on Apr 22, 2024)
The PHC INC stock price gained 11.65% on the last trading day (Monday, 22nd Apr 2024), rising from £3.57 to £3.99. During the last trading day the stock fluctuated 10.56% from a day low at £3.70 to a day high of £4.10. The price has fallen in 5 of the last 10 days but is still up by 5.17% over the past 2 weeks. Volume fell on the last day by -294 thousand shares and in total, 88 thousand shares were bought and sold for approximately £352.73 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 stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £3.89, a level that may pose a second chance to hit a runner. According to fan-theory £4.37 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PHC.L Signals & Forecast
The PHC 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 £3.73 and £3.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.65%. 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. 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 also not.
A buy signal from a double bottom formation was found on Monday, March 25, 2024 and based on theory for this formation the price should go up by 3.36% to £4.12 within 2 trading days since signal was issued (Tuesday, April 23, 2024).
Support, Risk & Stop-loss for PHC INC stock
On the downside, the stock finds support just below today's level from accumulated volume at £3.73 and £3.48. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PHC INC finds support just below today's level at £3.73. If this is broken, then the next support from accumulated volume will be at £3.48 and £3.46.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.391 between high and low, or 10.56%. For the last week the stock has had daily average volatility of 11.37%.
Our recommended stop-loss: £3.86 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (PHC.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect PHC INC to open at £3.93, and during the day (based on 14 day Average True Range), to move between £3.69 and £4.28, which gives a possible trading interval of +/-£0.292 (+/-7.34%) up or down from last closing price. If PHC INC takes out the full calculated possible swing range there will be an estimated 14.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £4.00 (0.33%) than the support at £3.73 (6.42%), 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 PHC INC stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.234 Buy Candidate Upgraded
Predicted Opening Price for PHC INC of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £3.93 ( 1.45%) | £3.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHC.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.32 | 8.36 % | |
| R2 | 4.17 | 4.62 % | ||
| R1 | 4.08 | 2.30 % | ||
| Current price: | 3.99 | |||
| Support | S1 | 3.78 | -5.19 % | |
| S2 | 3.69 | -7.51 % | ||
| S3 | 3.54 | -11.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4.00 | 0.326 % | ||
| Current price | 3.99 | |||
| Support | S1 | 3.73 | -6.42% | |
| S2 | 3.48 | -12.69% | ||
| S3 | 3.46 | -13.20% |
FAQ
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