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AI Analysis of PRES.L
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Pressure Technologies plc stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)

Sell candidate since Apr 25, 2024 PDF

The Pressure Technologies plc stock price fell by -1.33% on the last day (Thursday, 25th Apr 2024) from £37.50 to £37.00. During the last trading day the stock fluctuated 0% from a day low at £37.00 to a day high of £37.00. The price has fallen in 4 of the last 10 days but is still up by 2.78% over the past 2 weeks. Volume has increased on the last day by 24 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 40 thousand shares were bought and sold for approximately £1.48 million.

The stock lies in the middle of a very 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 21.96% during the next 3 months and, with a 90% probability hold a price between £42.59 and £54.38 at the end of this 3-month period.

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PRES.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 10.45%. Further rise is indicated until a new top pivot has been found. 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 Pressure Technologies plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £37.35 and £37.48. A break-up above any of these levels will issue buy signals. Pressure Technologies plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Pressure Technologies plc stock

On the downside, the stock finds support just below today's level from accumulated volume at £34.50 and £34.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pressure Technologies plc finds support just below today's level at £34.50. If this is broken, then the next support from accumulated volume will be at £34.40 and £33.50.

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 £0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 2.94%.

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

Trading Expectations (PRES.L) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Pressure Technologies plc to open at £37.00, and during the day (based on 14 day Average True Range), to move between £35.40 and £38.60, which gives a possible trading interval of +/-£1.60 (+/-4.31%) up or down from last closing price. If Pressure Technologies plc takes out the full calculated possible swing range there will be an estimated 8.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £37.50 (1.35%) than the support at £34.50 (6.76%), 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 Pressure Technologies plc stock A Buy?

The Pressure Technologies plc stock holds several negative signals and despite the positive trend, we believe Pressure Technologies plc will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -2.670 Sell Candidate Downgraded

Predicted Opening Price for Pressure Technologies plc of Friday, April 26, 2024

Fair opening price April 26, 2024 Current price
£37.00 ( 0%) £37.00

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

Trading levels for PRES.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.00 .
R2 37.00 .
R1 37.00 .
Current price: 37.00
Support S1 37.00 .
S2 37.00 .
S3 37.00 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 42.00 13.51 %
R2 40.50 9.46 %
R1 37.50 1.35 %
Current price 37.00
Support S1 34.50 -6.76%
S2 34.40 -7.03%
S3 33.50 -9.46%

PRES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 15, 2015 Feb 18, 2016 Mar 18, 2016 £5.60 3.11%
2 Jun 16, 2015 Jul 09, 2015 Aug 07, 2015 £2.80 1.28%
3 Dec 09, 2014 Feb 19, 2015 Mar 17, 2015 £5.60 2.33%
4 Jun 10, 2014 Jul 09, 2014 Aug 08, 2014 £2.80 0.459%
5 Dec 03, 2013 Feb 12, 2014 Mar 07, 2014 £5.20 0.788%

FAQ

What is the symbol for Pressure Technologies plc Stock and on which exchange is it traded?
The symbol for Pressure Technologies plc is PRES.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Pressure Technologies plc Stock?
The Pressure Technologies plc stock holds several negative signals and despite the positive trend, we believe Pressure Technologies plc will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

How to buy Pressure Technologies plc Stock?
Pressure Technologies plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pressure Technologies plc Stock.

What's the current price of Pressure Technologies plc Stock?
As of the end of day on the Apr 25, 2024, the price of an Pressure Technologies plc (PRES.L) share was £37.00.

What is the 52-week high and low for Pressure Technologies plc Stock?
The 52-week high for Pressure Technologies plc Stock is £44.50 and the 52-week low is £24.00.

What is the market capitalization of Pressure Technologies plc Stock?
As of the Apr 25, 2024, the market capitalization of Pressure Technologies plc is 14.307M.

When is the next earnings date for Pressure Technologies plc?
The upcoming earnings date for Pressure Technologies plc is Jun 25, 2024.
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