RSI low/high Values: [ 30 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Perma-Pipe International Holdings Inc stock downgraded to Strong Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Perma-Pipe International Holdings Inc stock price fell by -1.86% on the last day (Thursday, 28th Mar 2024) from $8.05 to $7.90. During the last trading day the stock fluctuated 2.53% from a day low at $7.90 to a day high of $8.10. The price has been going up and down for this period, and there has been a -0.63% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately $18.76 thousand.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.33% during the next 3 months and, with a 90% probability hold a price between $6.99 and $7.67 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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PPIH Signals & Forecast

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. The Perma-Pipe International Holdings Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $7.97 and $7.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -3.66%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Perma-Pipe International Holdings Inc stock

Perma-Pipe International Holdings Inc finds support from accumulated volume at $7.89 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 controlled movements and therefore the general risk is considered 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 $0.200 between high and low, or 2.53%. For the last week the stock has had daily average volatility of 2.69%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PPIH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Perma-Pipe International Holdings Inc to open at $7.97, and during the day (based on 14 day Average True Range), to move between $7.61 and $8.19, which gives a possible trading interval of +/-$0.289 (+/-3.66%) up or down from last closing price. If Perma-Pipe International Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.89 (0.13%) than the resistance at $8.01 (1.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Perma-Pipe International Holdings Inc stock A Buy?

Perma-Pipe International Holdings Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

Current score: -5.559 Strong Sell Candidate Downgraded

Predicted Opening Price for Perma-Pipe International Holdings Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.97 ( 0.84%) $7.90

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

Trading levels for PPIH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.17 3.38 %
R2 8.09 2.41 %
R1 8.04 1.81 %
Current price: 7.90
Support S1 7.89 -0.123 %
S2 7.84 -0.721 %
S3 7.77 -1.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.70 10.13 %
R2 8.59 8.73 %
R1 8.01 1.39 %
Current price 7.90
Support S1 7.89 -0.127%
S2 7.64 -3.35%
S3 7.63 -3.42%

FAQ

What is the symbol for Perma-Pipe International Holdings Inc Stock and on which exchange is it traded?
The symbol for Perma-Pipe International Holdings Inc is PPIH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Perma-Pipe International Holdings Inc Stock?
Perma-Pipe International Holdings Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.

How to buy Perma-Pipe International Holdings Inc Stock?
Perma-Pipe International Holdings Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Perma-Pipe International Holdings Inc Stock.

What's the current price of Perma-Pipe International Holdings Inc Stock?
As of the end of day on the 2024-03-28, the price of an Perma-Pipe International Holdings Inc (PPIH) share was $7.90.

What is the 52-week high and low for Perma-Pipe International Holdings Inc Stock?
The 52-week high for Perma-Pipe International Holdings Inc Stock is $11.19 and the 52-week low is $6.17.

What is the market capitalization of Perma-Pipe International Holdings Inc Stock?
As of the 2024-03-28, the market capitalization of Perma-Pipe International Holdings Inc is 63.379M.

When is the next earnings date for Perma-Pipe International Holdings Inc?
The upcoming earnings date for Perma-Pipe International Holdings Inc is Apr 25, 2024.
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About Perma-Pipe International Holdings Inc

Perma-Pipe International Holdings Perma-Pipe International Holdings, Inc., together with its subsidiaries, engineers, designs, manufactures, and sells specialty piping and leak detection systems. It offers provides and jacketed district heating and cooling piping systems for energy distribution from central energy plants to various locations; and primary and secondary containment piping systems for transporting chemicals, hazardous fluids, and petroleum products, as well as engag... PPIH Profile

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