Pershing Square Holdings Ltd Public Stock Forecast
Pershing Square Holdings Ltd Public stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The Pershing Square Holdings Ltd Public stock price fell by -1.60% on the last day (Friday, 19th Apr 2024) from £3,874.00 to £3,812.00. During the last trading day the stock fluctuated 3.03% from a day low at £3,778.00 to a day high of £3,892.60. The price has fallen in 6 of the last 10 days and is down by -4.22% for this period. Volume has increased on the last day by 7 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, 115 thousand shares were bought and sold for approximately £439.22 million.
Given the current short-term trend, the stock is expected to rise 7.45% during the next 3 months and, with a 90% probability hold a price between £4,096.08 and £4,557.48 at the end of this 3-month period.
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PSH.L Signals & Forecast
There are few to no technical positive signals at the moment. The Pershing Square Holdings Ltd Public 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 £3,940.29 and £3,987.77. 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 22, 2024, and so far it has fallen -8.28%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Pershing Square Holdings Ltd Public stock
Pershing Square Holdings Ltd Public finds support from accumulated volume at £3,804.00 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 £114.60 (3.03%) between high and low. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: £3,667.48 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (PSH.L) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Pershing Square Holdings Ltd Public Class USD Accum.Shs to open at £3,827.53, and during the day (based on 14 day Average True Range), to move between £3,724.75 and £3,899.25, which gives a possible trading interval of +/-£87.25 (+/-2.29%) up or down from last closing price. If Pershing Square Holdings Ltd Public Class USD Accum.Shs takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £3,804.00 (0.21%) than the resistance at £3,930.00 (3.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pershing Square Holdings Ltd Public Class USD Accum.Shs stock A Buy?
Pershing Square Holdings Ltd Public holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.568 Hold/Accumulate Upgraded
Predicted Opening Price for Pershing Square Holdings Ltd Public Class USD Accum.Shs of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
£3,827.53 ( 0.407%) | £3,812.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSH.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3,942.13 | 3.41 % | |
R2 | 3,898.36 | 2.27 % | ||
R1 | 3,871.31 | 1.56 % | ||
Current price: | 3,812.00 | |||
Support | S1 | 3,783.76 | -0.741 % | |
S2 | 3,756.71 | -1.45 % | ||
S3 | 3,712.93 | -2.60 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,004.00 | 5.04 % | |
R2 | 3,942.00 | 3.41 % | ||
R1 | 3,930.00 | 3.10 % | ||
Current price | 3,812.00 | |||
Support | S1 | 3,804.00 | -0.210% | |
S2 | 3,678.00 | -3.52% | ||
S3 | 3,666.00 | -3.83% |
PSH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 14, 2024 | Nov 14, 2024 | Dec 13, 2024 | £0.114 | 0.0030% |
2 | Aug 15, 2024 | Aug 15, 2024 | Sep 13, 2024 | £0.114 | 0.0030% |
3 | May 16, 2024 | May 16, 2024 | Jun 14, 2024 | £0.114 | 0.0030% |
4 | Feb 15, 2024 | Feb 15, 2024 | Mar 15, 2024 | £0.114 | 0.0029% |
5 | Feb 01, 2023 | Nov 16, 2023 | Dec 15, 2023 | £13.07 | 0.384% |
FAQ
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