Portland General Electric Company Stock Forecast
Evaluation of Portland General Electric Company stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Portland General Electric Company stock price gained 1.85% on the last trading day (Thursday, 18th Apr 2024), rising from $40.98 to $41.74. During the last trading day the stock fluctuated 2.11% from a day low at $40.95 to a day high of $41.82. The price has risen in 7 of the last 10 days and is up by 1.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 106 thousand more shares were traded than the day before. In total, 856 thousand shares were bought and sold for approximately $35.74 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 2.48% during the next 3 months and, with a 90% probability hold a price between $41.59 and $43.59 at the end of this 3-month period.
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POR Signals & Forecast
The Portland General Electric Company 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 $40.87 and $41.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.93%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, March 05, 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 Tuesday, March 05, 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.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 2.61% to $42.83 within 14 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Portland General Electric Company stock
Portland General Electric Company finds support from accumulated volume at $40.50 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 $0.86 between high and low, or 2.11%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Portland General Electric Company to open at $41.50, and during the day (based on 14 day Average True Range), to move between $40.98 and $42.50, which gives a possible trading interval of +/-$0.757 (+/-1.81%) up or down from last closing price. If Portland General Electric Company takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.95 (0.50%) than the support at $40.50 (2.97%), 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.
Earnings coming up
Portland General Electric Company will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.97. We will update the financials statements for Portland General Electric Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.47% in the first trading day after earnings release.
Is Portland General Electric Company stock A Buy?
Portland General Electric Company 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 Buy to a Sell candidate.
Current score: -1.015 Sell Candidate Downgraded
Predicted Opening Price for Portland General Electric Company of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $41.50 ( 0.571%) | $41.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.37 | 1.50 % | |
| R2 | 42.04 | 0.710 % | ||
| R1 | 41.83 | 0.221 % | ||
| Current price: | 41.74 | |||
| Support | S1 | 41.17 | -1.36 % | |
| S2 | 40.97 | -1.85 % | ||
| S3 | 40.64 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.09 | 0.84 % | |
| R2 | 42.00 | 0.623 % | ||
| R1 | 41.95 | 0.503 % | ||
| Current price | 41.74 | |||
| Support | S1 | 40.50 | -2.97% | |
| S2 | 39.94 | -4.31% | ||
| S3 | 39.88 | -4.46% |
POR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Mar 21, 2024 | Apr 15, 2024 | $0.475 | 1.16% |
| 2 | Oct 20, 2023 | Dec 22, 2023 | Jan 15, 2024 | $0.480 | 1.13% |
| 3 | Jul 21, 2023 | Sep 22, 2023 | Oct 16, 2023 | $0.475 | 1.14% |
| 4 | Apr 21, 2023 | Jun 23, 2023 | Oct 16, 2023 | $0.475 | 1.14% |
| 5 | Feb 10, 2023 | Mar 24, 2023 | Apr 17, 2023 | $0.453 | 0.90% |
FAQ
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