Pearson Plc Stock Forecast
Pearson Plc stock downgraded to Hold/Accumulate
(Updated on May 08, 2024)
The Pearson Plc stock price gained 1.36% on the last trading day (Wednesday, 8th May 2024), rising from $12.50 to $12.67. 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 0.634% from a day low at $12.63 to a day high of $12.71. The price has risen in 6 of the last 10 days and is up by 1.28% 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, 93 thousand more shares were traded than the day before. In total, 336 thousand shares were bought and sold for approximately $4.26 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pearson Plc stock with a 90% probability to be traded between $12.28 and $13.47 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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PSO Signals & Forecast
The Pearson Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $12.37 and $12.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 4.97%. 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 Pearson Plc stock
Pearson Plc finds support from accumulated volume at $12.39 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 $0.0800 between high and low, or 0.634%. For the last week the stock has had daily average volatility of 0.92%.
Our recommended stop-loss: $12.13 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (PSO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Pearson Plc to open at $12.67, and during the day (based on 14 day Average True Range), to move between $12.50 and $12.84, which gives a possible trading interval of +/-$0.166 (+/-1.31%) up or down from last closing price. If Pearson Plc takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.39 (2.21%) than the resistance at $12.96 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pearson Plc stock A Buy?
Pearson Plc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.942 Hold/Accumulate Downgraded
Predicted Opening Price for Pearson Plc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $12.67 ( 0.0263%) | $12.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.75 | 0.605 % | |
| R2 | 12.72 | 0.364 % | ||
| R1 | 12.70 | 0.215 % | ||
| Current price: | 12.67 | |||
| Support | S1 | 12.64 | -0.268 % | |
| S2 | 12.62 | -0.417 % | ||
| S3 | 12.59 | -0.658 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.08 | 3.24 % | |
| R2 | 13.05 | 3.00 % | ||
| R1 | 12.96 | 2.29 % | ||
| Current price | 12.67 | |||
| Support | S1 | 12.39 | -2.21% | |
| S2 | 12.38 | -2.29% | ||
| S3 | 12.18 | -3.87% |
PSO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 01, 2024 | Mar 21, 2024 | May 08, 2024 | $0.199 | 1.57% |
| 2 | Jul 31, 2023 | Aug 10, 2023 | Sep 21, 2023 | $0.0900 | 0.85% |
| 3 | Mar 13, 2023 | Mar 23, 2023 | May 10, 2023 | $0.182 | 1.82% |
| 4 | Aug 03, 2022 | Aug 11, 2022 | Sep 22, 2022 | $0.0810 | 0.82% |
| 5 | Mar 03, 2022 | Mar 24, 2022 | May 11, 2022 | $0.189 | 2.05% |
FAQ
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