Pembina Pipeline Corporation Stock Forecast
Stronger technical forecast for Pembina Pipeline Corporation stock price after Monday trading.
(Updated on Apr 22, 2024)
The Pembina Pipeline Corporation stock price gained 0.208% on the last trading day (Monday, 22nd Apr 2024), rising from $47.98 to $48.08. 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 1.38% from a day low at $47.66 to a day high of $48.32. The price has fallen in 7 of the last 10 days and is down by -1.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 697 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $121.83 million.
The stock lies in the middle of a narrow and weak 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 5.56% during the next 3 months and, with a 90% probability hold a price between $49.62 and $51.89 at the end of this 3-month period.
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PPL.TO Signals & Forecast
The Pembina Pipeline Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $47.56 and $47.74. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -1.35%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, September 08, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, September 08, 2023 in the long-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 Pembina Pipeline Corporation stock
Pembina Pipeline Corporation finds support from accumulated volume at $47.44 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.660 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: $46.04 (-4.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (PPL.TO) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Pembina Pipeline Corporation to open at $48.02, and during the day (based on 14 day Average True Range), to move between $47.48 and $48.68, which gives a possible trading interval of +/-$0.598 (+/-1.24%) up or down from last closing price. If Pembina Pipeline Corporation takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.14 (0.12%) than the support at $47.44 (1.33%), 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 Pembina Pipeline Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pembina Pipeline Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.501 Buy Candidate Upgraded
Predicted Opening Price for Pembina Pipeline Corporation of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$48.02 ( 0.125%) | $48.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPL.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 48.68 | 1.25 % | |
R2 | 48.43 | 0.724 % | ||
R1 | 48.27 | 0.400 % | ||
Current price: | 48.08 | |||
Support | S1 | 47.77 | -0.649 % | |
S2 | 47.61 | -0.97 % | ||
S3 | 47.36 | -1.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 48.40 | 0.666 % | |
R2 | 48.39 | 0.645 % | ||
R1 | 48.14 | 0.125 % | ||
Current price | 48.08 | |||
Support | S1 | 47.44 | -1.33% | |
S2 | 47.38 | -1.46% | ||
S3 | 47.28 | -1.66% |
PPL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.668 | 1.40% |
2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0 | 0% |
3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.668 | 1.64% |
4 | May 04, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.668 | 1.60% |
5 | Feb 23, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.653 | 1.49% |
FAQ
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