Peoples Bancorp Inc. Stock Forecast
Stronger technical forecast for Peoples Bancorp Inc. stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Peoples Bancorp Inc. stock price fell by -1.56% on the last day (Tuesday, 30th Apr 2024) from $29.50 to $29.04. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.07% from a day low at $29.02 to a day high of $29.33. The price has risen in 7 of the last 10 days and is up by 6.88% over the past 2 weeks. Volume has increased on the last day by 9 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, 91 thousand shares were bought and sold for approximately $2.64 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 Peoples Bancorp Inc. stock with a 90% probability to be traded between $27.16 and $30.40 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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PEBO Signals & Forecast
The Peoples Bancorp Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $29.47. On a fall, the stock will find some support from the long-term average at approximately $28.28. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, April 25, 2024, and so far it has fallen -3.84%. Further fall is indicated until a new bottom pivot has been found. 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 Peoples Bancorp Inc. stock
Peoples Bancorp Inc. finds support from accumulated volume at $28.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.310 between high and low, or 1.07%. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $27.88 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (PEBO) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Peoples Bancorp Inc. to open at $29.13, and during the day (based on 14 day Average True Range), to move between $28.34 and $29.74, which gives a possible trading interval of +/-$0.695 (+/-2.39%) up or down from last closing price. If Peoples Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.23 (0.65%) than the support at $28.47 (1.96%), 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 Peoples Bancorp 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 Peoples Bancorp Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.851 Buy Candidate Upgraded
Predicted Opening Price for Peoples Bancorp Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $29.13 ( 0.310%) | $29.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEBO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.44 | 1.38 % | |
| R2 | 29.32 | 0.97 % | ||
| R1 | 29.25 | 0.718 % | ||
| Current price: | 29.04 | |||
| Support | S1 | 29.01 | -0.0979 % | |
| S2 | 28.94 | -0.350 % | ||
| S3 | 28.82 | -0.758 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.20 | 3.99 % | |
| R2 | 29.61 | 1.96 % | ||
| R1 | 29.23 | 0.654 % | ||
| Current price | 29.04 | |||
| Support | S1 | 28.47 | -1.96% | |
| S2 | 28.08 | -3.31% | ||
| S3 | 27.40 | -5.65% |
PEBO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 03, 2024 | May 20, 2024 | $0.400 | 1.38% |
| 2 | Jan 22, 2024 | Feb 02, 2024 | Feb 20, 2024 | $0.390 | 1.35% |
| 3 | Oct 24, 2023 | Nov 03, 2023 | Nov 20, 2023 | $0.390 | 1.31% |
| 4 | Jul 24, 2023 | Aug 04, 2023 | Aug 21, 2023 | $0.390 | 1.48% |
| 5 | Apr 24, 2023 | May 05, 2023 | May 22, 2023 | $0.390 | 1.50% |
FAQ
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