Porvair plc Stock Forecast
Weaker technical forecast for Porvair plc as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)
The Porvair plc stock price fell by -3.56% on the last day (Monday, 15th Apr 2024) from £674.00 to £650.00. During the last trading day the stock fluctuated 6.41% from a day low at £627.76 to a day high of £668.00. The price has risen in 5 of the last 10 days and is up by 4.5% over the past 2 weeks. Volume has increased on the last day by 3 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, 43 thousand shares were bought and sold for approximately £27.81 million.
The stock lies in the middle of a wide and 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 -2.39% during the next 3 months and, with a 90% probability hold a price between £589.65 and £657.66 at the end of this 3-month period.
PRV.L Signals & Forecast
The Porvair plc 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 £644.00 and £632.20. A breakdown below any of these levels will issue sell signals. 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 Friday, April 12, 2024, and so far it has fallen -3.56%. 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 Wednesday, February 28, 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.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 28, 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 Porvair plc stock
Porvair plc finds support from accumulated volume at £642.00 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 £40.24 between high and low, or 6.41%. For the last week the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRV.L) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Porvair plc to open at £648.59, and during the day (based on 14 day Average True Range), to move between £627.44 and £672.56, which gives a possible trading interval of +/-£22.56 (+/-3.47%) up or down from last closing price. If Porvair plc takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £652.00 (0.31%) than the support at £642.00 (1.23%), 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 Porvair plc stock A Buy?
Porvair plc holds several negative signals and we believe that 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 Sell candidate.
Current score: -1.949 Sell Candidate Downgraded
Predicted Opening Price for Porvair plc of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| £648.59 ( 0.217%) | £650.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRV.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 688.83 | 5.97 % | |
| R2 | 673.45 | 3.61 % | ||
| R1 | 663.96 | 2.15 % | ||
| Current price: | 650.00 | |||
| Support | S1 | 633.21 | -2.58 % | |
| S2 | 623.72 | -4.04 % | ||
| S3 | 608.35 | -6.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 660.00 | 1.54 % | |
| R2 | 654.00 | 0.615 % | ||
| R1 | 652.00 | 0.308 % | ||
| Current price | 650.00 | |||
| Support | S1 | 642.00 | -1.23% | |
| S2 | 630.00 | -3.08% | ||
| S3 | 622.00 | -4.31% |
PRV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | Jun 05, 2024 | £4.00 | 0.615% |
| 2 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | £2.00 | 0.317% |
| 3 | Jan 30, 2023 | May 04, 2023 | Jun 07, 2023 | £3.80 | 0.585% |
| 4 | Jul 04, 2022 | Jul 21, 2022 | Aug 26, 2022 | £1.90 | 0.342% |
| 5 | Jan 31, 2022 | Apr 28, 2022 | Jun 01, 2022 | £3.50 | 0.588% |
FAQ
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