Pegasystems Inc. Stock Forecast
Pegasystems Inc. stock price ended at $60.70 on Friday, after gaining 1.20%.
(Updated on Jun 28, 2024)
The Pegasystems Inc. stock price gained 1.20% on the last trading day (Friday, 28th Jun 2024), rising from $59.98 to $60.70. During the last trading day the stock fluctuated 0.83% from a day low at $60.27 to a day high of $60.77. The price has risen in 7 of the last 10 days and is up by 5.85% 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, 13 more shares were traded than the day before. In total, 13 shares were bought and sold for approximately $789.10 .
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 -4.36% during the next 3 months and, with a 90% probability hold a price between $52.48 and $59.53 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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0KGS.L Signals & Forecast
The Pegasystems Inc. 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 $59.25 and $59.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 8.41%. 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). Pegasystems Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pegasystems Inc. stock
Pegasystems Inc. finds support from accumulated volume at $59.07 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 $0.502 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 0.402%.
Our recommended stop-loss: $58.01 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (0KGS.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pegasystems Inc. to open at $60.58, and during the day (based on 14 day Average True Range), to move between $59.66 and $61.74, which gives a possible trading interval of +/-$1.04 (+/-1.71%) up or down from last closing price. If Pegasystems Inc. takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.83 (1.86%) than the support at $59.07 (2.69%), 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 Pegasystems Inc. stock A Buy?
Pegasystems 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 Pegasystems Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $60.58 ( 0.197%) | $60.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0KGS.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 61.08 | 0.630% |
| R2 | 60.89 | 0.315% |
| R1 | 60.77 | 0.119% |
| Price | 60.70 | |
| S1 | 60.39 | -0.513% |
| S2 | 60.27 | -0.708% |
| S3 | 60.08 | -1.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.59 | 4.76% |
| R2 | 62.58 | 3.10% |
| R1 | 61.83 | 1.86% |
| Price | 60.70 | |
| S1 | 59.07 | -2.69% |
| S2 | 58.13 | -4.24% |
| S3 | 56.94 | -6.19% |
0KGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.0300 | 0.0494% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.0300 | 0.0509% |
| 3 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | $0.0300 | 0.0613% |
| 4 | Sep 29, 2023 | Sep 29, 2023 | Sep 29, 2023 | $0.0300 | 0.0709% |
| 5 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | $0.0300 | 0.0609% |
FAQ
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