RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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PennyMac Financial Services Inc stock price ended at $91.71 on Wednesday, after gaining 3.10%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 2.53% PDF

The PennyMac Financial Services Inc stock price gained 3.10% on the last trading day (Wednesday, 27th Mar 2024), rising from $88.95 to $91.71. During the last trading day the stock fluctuated 2.77% from a day low at $89.30 to a day high of $91.77. The price has risen in 6 of the last 10 days and is up by 5.72% 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, 19 thousand more shares were traded than the day before. In total, 158 thousand shares were bought and sold for approximately $14.51 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PennyMac Financial Services Inc stock with a 90% probability to be traded between $85.44 and $95.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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PFSI Signals & Forecast

The PennyMac Financial Services Inc 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 $89.94 and $87.57. 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). 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.196%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for PennyMac Financial Services Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $87.06 and $86.04. 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, PennyMac Financial Services Inc finds support just below today's level at $87.06. If this is broken, then the next support from accumulated volume will be at $86.04 and $85.73.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.47 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 2.81%.

Our recommended stop-loss: $88.15 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (PFSI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect PennyMac Financial Services Inc to open at $90.93, and during the day (based on 14 day Average True Range), to move between $89.35 and $94.07, which gives a possible trading interval of +/-$2.36 (+/-2.58%) up or down from last closing price. If PennyMac Financial Services Inc takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $91.89 (0.20%) than the support at $87.06 (5.07%), 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 PennyMac Financial Services Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PennyMac Financial Services Inc stock to perform well in the short-term period.

Current score: 3.417 Buy Candidate Unchanged

Predicted Opening Price for PennyMac Financial Services Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$90.93 ( 0.85%) $91.71

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

Trading levels for PFSI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 93.40 1.84 %
R2 92.45 0.81 %
R1 91.87 0.175 %
Current price: 91.71
Support S1 89.98 -1.88 %
S2 89.40 -2.52 %
S3 88.46 -3.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 93.24 1.67 %
R2 92.09 0.414 %
R1 91.89 0.196 %
Current price 91.71
Support S1 87.06 -5.07%
S2 86.04 -6.18%
S3 85.73 -6.52%

PFSI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 12, 2024 Feb 23, 2024 $0.200 0.230%
2 Oct 26, 2023 Nov 10, 2023 Nov 22, 2023 $0.200 0.256%
3 Jul 27, 2023 Aug 14, 2023 Aug 25, 2023 $0.200 0.290%
4 Apr 27, 2023 May 15, 2023 Aug 25, 2023 $0.200 0.290%
5 Feb 02, 2023 Feb 13, 2023 Feb 24, 2023 $0.200 0.329%

FAQ

What is the symbol for PennyMac Financial Services Inc Stock and on which exchange is it traded?
The symbol for PennyMac Financial Services Inc is PFSI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell PennyMac Financial Services Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PennyMac Financial Services Inc stock to perform well in the short-term period.

How to buy PennyMac Financial Services Inc Stock?
PennyMac Financial Services Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PennyMac Financial Services Inc Stock.

What's the current price of PennyMac Financial Services Inc Stock?
As of the end of day on the 2024-03-27, the price of an PennyMac Financial Services Inc (PFSI) share was $91.71.

What is the 52-week high and low for PennyMac Financial Services Inc Stock?
The 52-week high for PennyMac Financial Services Inc Stock is $94.78 and the 52-week low is $56.16.

What is the market capitalization of PennyMac Financial Services Inc Stock?
As of the 2024-03-27, the market capitalization of PennyMac Financial Services Inc is 4.486B.

When is the next earnings date for PennyMac Financial Services Inc?
The upcoming earnings date for PennyMac Financial Services Inc is Apr 25, 2024.
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About PennyMac Financial Services Inc

PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. It sources first-lien residential conventional and government-insured or guaranteed mortgage loans. The Servicing segment eng... PFSI Profile

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