Sprott Physical Platinum and Palladium Stock Forecast

Sprott Physical Platinum and Palladium stock price ended at $9.66 on Tuesday, after gaining 0.312%.
(Updated on Apr 23, 2024)

SPPP Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.312%. 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 Sprott Physical Platinum and Palladium stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.77 and $9.75. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, April 01, 2024.

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 Sprott Physical Platinum and Palladium stock

Sprott Physical Platinum and Palladium finds support from accumulated volume at $9.62 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.185 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.73%.

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

Trading Expectations (SPPP) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Sprott Physical Platinum and Palladium Trust to open at $9.63, and during the day (based on 14 day Average True Range), to move between $9.44 and $9.88, which gives a possible trading interval of +/-$0.221 (+/-2.29%) up or down from last closing price. If Sprott Physical Platinum and Palladium Trust 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 $9.62 (0.41%) than the resistance at $9.91 (2.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sprott Physical Platinum and Palladium Trust stock A Buy?

The Sprott Physical Platinum and Palladium stock holds several negative signals and despite the positive trend, we believe Sprott Physical Platinum and Palladium will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.651 Sell Candidate Unchanged

Predicted Opening Price for Sprott Physical Platinum and Palladium Trust of Wednesday, April 24, 2024

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