PPHE Hotel Group Limited Stock Forecast
PPHE Hotel Group Limited stock price up 1.01% on Wednesday
(Updated on Apr 24, 2024)
The PPHE Hotel Group Limited stock price gained 1.01% on the last trading day (Wednesday, 24th Apr 2024), rising from £1,480.00 to £1,495.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.75% from a day low at £1,455.00 to a day high of £1,495.00. The price has risen in 5 of the last 10 days and is up by 2.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately £28.84 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.13% during the next 3 months and, with a 90% probability hold a price between £1,732.14 and £1,932.28 at the end of this 3-month period.
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PPH.L Signals & Forecast
The PPHE Hotel Group Limited 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 £1,462.86 and £1,387.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 11.15%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PPHE Hotel Group Limited stock
PPHE Hotel Group Limited finds support from accumulated volume at £1,460.00 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 £40.00 (2.75%) between high and low. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: £1,434.02 (-4.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (PPH.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect PPHE Hotel Group Limited to open at £1,481.67, and during the day (based on 14 day Average True Range), to move between £1,459.37 and £1,530.63, which gives a possible trading interval of +/-£35.63 (+/-2.38%) up or down from last closing price. If PPHE Hotel Group Limited takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £1,460.00, some £35.00 (2.34%) from the current price of £1,495.00, our system finds the risk reward attractive.
Is PPHE Hotel Group Limited stock A Buy?
PPHE Hotel Group Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.896 Strong Buy Candidate Unchanged
Predicted Opening Price for PPHE Hotel Group Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £1,481.67 ( 0.89%) | £1,495.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,521.67 | 1.78 % | |
| R2 | 1,506.39 | 0.762 % | ||
| R1 | 1,496.95 | 0.130 % | ||
| Current price: | 1,495.00 | |||
| Support | S1 | 1,466.39 | -1.91 % | |
| S2 | 1,456.95 | -2.55 % | ||
| S3 | 1,441.67 | -3.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,495.00 | |||
| Support | S1 | 1,460.00 | -2.34% | |
| S2 | 1,415.00 | -5.35% | ||
| S3 | 1,335.00 | -10.70% |
PPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 25, 2024 | £0 | 0% |
| 2 | Mar 02, 2023 | Apr 27, 2023 | May 31, 2023 | £12.00 | 1.11% |
| 3 | Sep 01, 2022 | Sep 15, 2022 | Oct 14, 2022 | £3.00 | 0.242% |
| 4 | Feb 27, 2020 | Apr 23, 2020 | May 22, 2020 | £20.00 | 1.83% |
| 5 | Sep 05, 2019 | Sep 19, 2019 | Oct 15, 2019 | £17.00 | 0.92% |
FAQ
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