RSI low/high Values: [ 20 - 80 ]
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AI Analysis of PTEC.L
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PHOENIX TECHNOLOGIES LTD stock downgraded to Buy Candidate
(Updated on Mar 27, 2024)

Buy candidate since Mar 26, 2024 Loss -0.25% PDF

The PHOENIX TECHNOLOGIES LTD stock price fell by -0.254% on the last day (Wednesday, 27th Mar 2024) from £472.00 to £470.80. During the last trading day the stock fluctuated 3.66% from a day low at £464.40 to a day high of £481.40. The price has fallen in 6 of the last 10 days but is still up by 1.25% over the past 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 -35 thousand shares and in total, 403 thousand shares were bought and sold for approximately £189.76 million.

The stock lies in the middle of a 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 7.22% during the next 3 months and, with a 90% probability hold a price between £478.29 and £519.47 at the end of this 3-month period.

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PTEC.L Signals & Forecast

The PHOENIX TECHNOLOGIES LTD 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 £461.37 and £459.65. 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 Tuesday, March 26, 2024, and so far it has fallen -0.254%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Tuesday, March 26, 2024 and based on theory for this formation the price should fall by -8.27% to £431.87 within 27 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for PHOENIX TECHNOLOGIES LTD stock

On the downside, the stock finds support just below today's level from accumulated volume at £443.40 and £429.40. 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, PHOENIX TECHNOLOGIES LTD finds support just below today's level at £443.40. If this is broken, then the next support from accumulated volume will be at £429.40 and £424.40.

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 £17.00 between high and low, or 3.66%. For the last week the stock has had daily average volatility of 3.05%.

Our recommended stop-loss: £452.27 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (PTEC.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect PHOENIX TECHNOLOGIES LTD to open at £472.20, and during the day (based on 14 day Average True Range), to move between £458.45 and £483.15, which gives a possible trading interval of +/-£12.35 (+/-2.62%) up or down from last closing price. If PHOENIX TECHNOLOGIES LTD takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £472.00 (0.25%) than the support at £443.40 (5.82%), 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 PHOENIX TECHNOLOGIES LTD 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 PHOENIX TECHNOLOGIES LTD stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.418 Buy Candidate Downgraded

Predicted Opening Price for PHOENIX TECHNOLOGIES LTD of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£472.20 ( 0.297%) £470.80

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

Trading levels for PTEC.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 489.20 3.91 %
R2 482.71 2.53 %
R1 478.69 1.68 %
Current price: 470.80
Support S1 465.71 -1.08 %
S2 461.69 -1.93 %
S3 455.20 -3.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 472.00 0.255 %
Current price 470.80
Support S1 443.40 -5.82%
S2 429.40 -8.79%
S3 424.40 -9.86%

PTEC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2020 Apr 30, 2020 May 29, 2020 £12.00 4.53%
2 Aug 22, 2019 Sep 19, 2019 Oct 22, 2019 £6.10 1.55%
3 Feb 21, 2019 May 02, 2019 May 31, 2019 £12.00 2.96%
4 Aug 23, 2018 Sep 20, 2018 Oct 23, 2018 £12.10 2.85%
5 Feb 22, 2018 May 03, 2018 Jun 01, 2018 £23.90 3.03%

FAQ

What is the symbol for PHOENIX TECHNOLOGIES LTD Stock and on which exchange is it traded?
The symbol for PHOENIX TECHNOLOGIES LTD is PTEC.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell PHOENIX TECHNOLOGIES LTD Stock?
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 PHOENIX TECHNOLOGIES LTD stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of PHOENIX TECHNOLOGIES LTD Stock?
As of the end of day on the 2024-03-27, the price of an PHOENIX TECHNOLOGIES LTD (PTEC.L) share was £470.80.

What is the 52-week high and low for PHOENIX TECHNOLOGIES LTD Stock?
The 52-week high for PHOENIX TECHNOLOGIES LTD Stock is £640.00 and the 52-week low is £365.40.

What is the market capitalization of PHOENIX TECHNOLOGIES LTD Stock?
As of the 2024-03-27, the market capitalization of PHOENIX TECHNOLOGIES LTD is 1.456B.

When is the next earnings date for PHOENIX TECHNOLOGIES LTD?
The upcoming earnings date for PHOENIX TECHNOLOGIES LTD is Sep 05, 2024.
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About PHOENIX TECHNOLOGIES LTD

PHOENIX TECHNOLOGIES LTD Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including casino, live casino, sports betting, virtual sports, bingo, and poker. It also owns the intellectual property rights and licenses the software; provides marketing and advertising, consulting and online technical support, data mining processing, turnkey, ... PTEC.L Profile

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