Power Integrations Stock Forecast
Stronger technical forecast for Power Integrations stock price after Friday trading.
(Updated on May 03, 2024)
The Power Integrations stock price gained 0.93% on the last trading day (Friday, 3rd May 2024), rising from $67.97 to $68.60. During the last trading day the stock fluctuated 4.02% from a day low at $67.20 to a day high of $69.90. The price has risen in 8 of the last 10 days and is up by 9.08% 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, 84 thousand more shares were traded than the day before. In total, 469 thousand shares were bought and sold for approximately $32.19 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.47% during the next 3 months and, with a 90% probability hold a price between $53.60 and $62.98 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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POWI Signals & Forecast
Mostly positive signals in the chart today. The Power Integrations 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 $67.35 and $68.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 9.08%. 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 Power Integrations stock
Power Integrations finds support from accumulated volume at $67.26 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 $2.70 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: $65.80 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (POWI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Power Integrations to open at $68.57, and during the day (based on 14 day Average True Range), to move between $66.48 and $70.72, which gives a possible trading interval of +/-$2.12 (+/-3.09%) up or down from last closing price. If Power Integrations takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $67.26 (1.95%) than the resistance at $70.08 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Power Integrations will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.120. We will update the financials statements for Power Integrations, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.69% in the first trading day after earnings release.
Is Power Integrations stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.703 Buy Candidate Upgraded
Predicted Opening Price for Power Integrations of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $68.57 ( 0.0486%) | $68.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POWI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.27 | 3.89 % | |
| R2 | 70.24 | 2.38 % | ||
| R1 | 69.60 | 1.45 % | ||
| Current price: | 68.60 | |||
| Support | S1 | 67.54 | -1.55 % | |
| S2 | 66.90 | -2.48 % | ||
| S3 | 65.87 | -3.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.54 | 18.86 % | |
| R2 | 72.17 | 5.20 % | ||
| R1 | 70.08 | 2.16 % | ||
| Current price | 68.60 | |||
| Support | S1 | 67.26 | -1.95% | |
| S2 | 66.95 | -2.41% | ||
| S3 | 62.89 | -8.32% |
POWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 28, 2024 | Mar 29, 2024 | $0.200 | 0.280% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Dec 29, 2023 | $0.200 | 0.244% |
| 3 | Aug 06, 2023 | Aug 30, 2023 | Sep 29, 2023 | $0.190 | 0.249% |
| 4 | Aug 07, 2023 | May 30, 2023 | Jun 30, 2023 | $0.190 | 0.201% |
| 5 | May 26, 2023 | Feb 27, 2023 | Jun 30, 2023 | $0.190 | 0.201% |
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