Portland General Electric Company Stock Forecast

Portland General Electric Company stock price ended at $42.80 on Friday, after losing 1.04%.
(Updated on Apr 26, 2024)

POR Signals & Forecast

The Portland General Electric Company stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $43.02. On a fall, the stock will find some support from the long-term average at approximately $41.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.04%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Portland General Electric Company stock

Portland General Electric Company finds support from accumulated volume at $42.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.95 (4.56%) between high and low. For the last week, the stock has had daily average volatility of 2.49%.

Our recommended stop-loss: $41.27 (-3.57%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (POR) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Portland General Electric Company to open at $43.45, and during the day (based on 14 day Average True Range), to move between $41.92 and $43.68, which gives a possible trading interval of +/-$0.88 (+/-2.06%) up or down from last closing price. If Portland General Electric Company takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $43.25 (1.05%) than the support at $42.09 (1.66%), 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 Portland General Electric Company stock A Buy?

Portland General Electric Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.222 Hold/Accumulate Unchanged

Predicted Opening Price for Portland General Electric Company of Monday, April 29, 2024

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