PowerSchool Holdings, Inc. Stock Forecast
Big movements in PowerSchool Holdings, Inc. stock price on Monday moving 14.12% between high and low
(Updated on May 20, 2024)
The PowerSchool Holdings, Inc. stock price gained 4.57% on the last trading day (Monday, 20th May 2024), rising from $19.71 to $20.61. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 14.12% from a day low at $19.12 to a day high of $21.82. The price has risen in 7 of the last 10 days and is up by 24.16% 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, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $65.88 million.
Given the current short-term trend, the stock is expected to fall -18.22% during the next 3 months and, with a 90% probability hold a price between $12.89 and $16.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PWSC Signals & Forecast
The PowerSchool Holdings, 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 $18.95 and $18.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 24.31%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for PowerSchool Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $19.15 and $18.12. 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, PowerSchool Holdings, Inc. finds support just below today's level at $19.15. If this is broken, then the next support from accumulated volume will be at $18.12 and $17.79.
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 $2.70 between high and low, or 14.12%. For the last week, the stock has had daily average volatility of 5.35%.
Our recommended stop-loss: $19.88 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (PWSC) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect PowerSchool Holdings, Inc. to open at $20.52, and during the day (based on 14 day Average True Range), to move between $19.66 and $21.56, which gives a possible trading interval of +/-$0.95 (+/-4.59%) up or down from last closing price. If PowerSchool Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.86 (1.21%) than the support at $19.15 (7.08%), 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 PowerSchool Holdings, Inc. stock A Buy?
PowerSchool Holdings, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for PowerSchool Holdings, Inc. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $20.52 ( 0.453%) | $20.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PWSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.22 | 12.65 % | |
| R2 | 22.19 | 7.64 % | ||
| R1 | 21.55 | 4.55 % | ||
| Current price: | 20.61 | |||
| Support | S1 | 19.49 | -5.46 % | |
| S2 | 18.85 | -8.55 % | ||
| S3 | 17.82 | -13.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.59 | 9.61 % | |
| R2 | 20.90 | 1.41 % | ||
| R1 | 20.86 | 1.21 % | ||
| Current price | 20.61 | |||
| Support | S1 | 19.15 | -7.08% | |
| S2 | 18.12 | -12.08% | ||
| S3 | 17.79 | -13.68% |
FAQ
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