Preformed Line Products Company Stock Forecast
Green day on Thursday for Preformed Line Products Company
(Updated on Mar 28, 2024)
The Preformed Line Products Company stock price gained 2.69% on the last trading day (Thursday, 28th Mar 2024), rising from $125.30 to $128.67. During the last trading day the stock fluctuated 2.07% from a day low at $126.63 to a day high of $129.25. The price has fallen in 6 of the last 10 days but is still up by 1.12% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 13 thousand shares were bought and sold for approximately $1.65 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Preformed Line Products Company stock with a 90% probability to be traded between $123.05 and $140.32 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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PLPC Signals & Forecast
There are mixed signals in the stock today. The Preformed Line Products Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $129.49. On a fall, the stock will find some support from the short-term average at $125.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 5.90%. 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.
Support, Risk & Stop-loss for Preformed Line Products Company stock
Preformed Line Products Company finds support from accumulated volume at $128.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.62 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: $124.14 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (PLPC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Preformed Line Products Company to open at $128.18, and during the day (based on 14 day Average True Range), to move between $123.87 and $133.47, which gives a possible trading interval of +/-$4.80 (+/-3.73%) up or down from last closing price. If Preformed Line Products Company takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $128.40 (0.21%) than the resistance at $129.01 (0.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Preformed Line Products Company 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 Preformed Line Products Company stock to perform well in the short-term period.
Current score: 1.597 Buy Candidate Unchanged
Predicted Opening Price for Preformed Line Products Company of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$128.18 ( 0.378%) | $128.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLPC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 130.80 | 1.66 % | |
R2 | 129.80 | 0.88 % | ||
R1 | 129.18 | 0.400 % | ||
Current price: | 128.67 | |||
Support | S1 | 127.18 | -1.16 % | |
S2 | 126.56 | -1.64 % | ||
S3 | 125.56 | -2.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 133.14 | 3.47 % | |
R2 | 129.49 | 0.637 % | ||
R1 | 129.01 | 0.264 % | ||
Current price | 128.67 | |||
Support | S1 | 128.40 | -0.210% | |
S2 | 127.52 | -0.89% | ||
S3 | 125.30 | -2.62% |
PLPC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Apr 01, 2024 | Apr 19, 2024 | $0.200 | 0.157% |
2 | Dec 21, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.200 | 0.161% |
3 | Sep 20, 2023 | Sep 29, 2023 | Oct 20, 2023 | $0.200 | 0.144% |
4 | Aug 06, 2023 | Jun 30, 2023 | Jul 20, 2023 | $0.200 | 0.112% |
5 | Mar 22, 2023 | Mar 31, 2023 | Apr 20, 2023 | $0.200 | 0.157% |
FAQ
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