Prestige Brand Holdings Inc Stock Forecast
Red day on Monday for Prestige Brand Holdings Inc
(Updated on May 06, 2024)
No changes to the price of Prestige Brand Holdings Inc stock on the last trading day (Monday, 6th May 2024). During the last trading day the stock fluctuated 0.92% from a day low at $69.77 to a day high of $70.41. The price has risen in 6 of the last 10 days and is up by 0.29% over the past 2 weeks.
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 Prestige Brand Holdings Inc stock with a 90% probability to be traded between $64.86 and $76.77 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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PBH Signals & Forecast
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 Prestige Brand Holdings Inc 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 $70.91 and $70.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -6.75%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Prestige Brand Holdings Inc stock
Prestige Brand Holdings Inc finds support from accumulated volume at $69.67 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 $0.640 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PBH) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Prestige Brand Holdings Inc to open at $70.06, and during the day (based on 14 day Average True Range), to move between $68.75 and $71.25, which gives a possible trading interval of +/-$1.25 (+/-1.79%) up or down from last closing price. If Prestige Brand Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $70.13 (0.19%) than the support at $69.67 (0.47%), 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 Prestige Brand Holdings Inc stock A Buy?
Prestige Brand Holdings Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.151 Sell Candidate Unchanged
Predicted Opening Price for Prestige Brand Holdings Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $70.06 ( 0.0810%) | $70.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.70 | 1.00 % | |
| R2 | 70.45 | 0.646 % | ||
| R1 | 70.30 | 0.430 % | ||
| Current price: | 70.00 | |||
| Support | S1 | 69.81 | -0.268 % | |
| S2 | 69.66 | -0.484 % | ||
| S3 | 69.42 | -0.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.67 | 6.67 % | |
| R2 | 74.15 | 5.93 % | ||
| R1 | 70.13 | 0.186 % | ||
| Current price | 70.00 | |||
| Support | S1 | 69.67 | -0.471% | |
| S2 | 68.80 | -1.71% | ||
| S3 | 67.95 | -2.93% |
PBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2018 | Sep 27, 2018 | Sep 27, 2018 | $0.475 | 1.25% |
FAQ
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