Pultegroup, Inc. Stock Forecast
Stronger technical forecast for Pultegroup, Inc. stock price after Friday trading.
(Updated on Jun 28, 2024)
The Pultegroup, Inc. stock price gained 0.105% on the last trading day (Friday, 28th Jun 2024), rising from $109.75 to $109.87. During the last trading day the stock fluctuated 1.52% from a day low at $109.75 to a day high of $111.42. The price has fallen in 5 of the last 10 days and is down by -3.82% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $111.51 thousand.
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 Pultegroup, Inc. stock with a 90% probability to be traded between $105.87 and $122.00 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0KS6.L Signals & Forecast
There are mixed signals in the stock today. The Pultegroup, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $110.29 and $114.31. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.223%. 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). Pultegroup, 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Pultegroup, Inc. stock
Pultegroup, Inc. finds support from accumulated volume at $109.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.67 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: $103.15 (-6.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (0KS6.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pultegroup, Inc. to open at $110.34, and during the day (based on 14 day Average True Range), to move between $107.53 and $112.20, which gives a possible trading interval of +/-$2.33 (+/-2.12%) up or down from last closing price. If Pultegroup, Inc. takes out the full calculated possible swing range there will be an estimated 4.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $109.96 (0.09%) than the support at $109.75 (0.10%), 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 Pultegroup, Inc. stock A Buy?
Pultegroup, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Pultegroup, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $110.34 ( 0.436%) | $109.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0KS6.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 112.01 | 1.95% |
| R2 | 111.37 | 1.37% |
| R1 | 110.98 | 1.02% |
| Price | 109.87 | |
| S1 | 109.71 | -0.144% |
| S2 | 109.31 | -0.502% |
| S3 | 108.68 | -1.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 115.31 | 4.96% |
| R2 | 110.35 | 0.437% |
| R1 | 109.96 | 0.0865% |
| Price | 109.87 | |
| S1 | 109.75 | -0.105% |
| S2 | 109.65 | -0.196% |
| S3 | 105.61 | -3.87% |
0KS6 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jul 02, 2024 | $0.200 | 0.182% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Apr 02, 2024 | $0.200 | 0.176% |
| 3 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.200 | 0.196% |
| 4 | Sep 15, 2023 | Sep 15, 2023 | Sep 15, 2023 | $0.160 | 0.211% |
| 5 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | $0.160 | 0.216% |
FAQ
Click here for our free guide on how to buy Pultegroup, Inc. Stock.
