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AI Analysis of PAG
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Penske Automotive Group Inc stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 11, 2024)

Buy candidate since Apr 11, 2024 PDF

The Penske Automotive Group Inc stock price gained 0.180% on the last trading day (Thursday, 11th Apr 2024), rising from $150.14 to $150.41. During the last trading day the stock fluctuated 2.39% from a day low at $147.08 to a day high of $150.60. The price has fallen in 7 of the last 10 days and is down by -7.21% for this period. Volume fell on the last day by -11 thousand shares and in total, 265 thousand shares were bought and sold for approximately $39.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $150.23 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.51% during the next 3 months and, with a 90% probability hold a price between $155.51 and $168.73 at the end of this 3-month period.

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PAG Signals & Forecast

The Penske Automotive Group 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 $152.73 and $154.31. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.180%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Penske Automotive Group Inc stock

Penske Automotive Group Inc finds support from accumulated volume at $148.37 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 $3.52 (2.39%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: $141.61 (-5.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (PAG) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Penske Automotive Group Inc to open at $149.36, and during the day (based on 14 day Average True Range), to move between $147.26 and $153.56, which gives a possible trading interval of +/-$3.15 (+/-2.09%) up or down from last closing price. If Penske Automotive Group Inc takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $150.72 (0.21%) than the support at $148.37 (1.36%), 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 Penske Automotive Group Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.642 Buy Candidate Upgraded

Predicted Opening Price for Penske Automotive Group Inc of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$149.36 ( 0.696%) $150.41

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PAG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 152.88 1.64 %
R2 151.54 0.750 %
R1 150.71 0.198 %
Current price: 150.41
Support S1 148.02 -1.59 %
S2 147.19 -2.14 %
S3 145.84 -3.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 152.96 1.70 %
R2 152.16 1.16 %
R1 150.72 0.206 %
Current price 150.41
Support S1 148.37 -1.36%
S2 148.25 -1.44%
S3 145.16 -3.49%

PAG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 17, 2024 Feb 14, 2024 Mar 01, 2024 $0.87 0.563%
2 Oct 18, 2023 Nov 09, 2023 Dec 01, 2023 $0.790 0.512%
3 Jul 19, 2023 Aug 09, 2023 Sep 01, 2023 $0.720 0.433%
4 May 11, 2023 May 19, 2023 Jun 01, 2023 $0.660 0.477%
5 Jan 25, 2023 Feb 09, 2023 Mar 01, 2023 $0.610 0.422%

FAQ

What is the symbol for Penske Automotive Group Inc Stock and on which exchange is it traded?
The symbol for Penske Automotive Group Inc is PAG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Penske Automotive Group Inc Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Penske Automotive Group Inc Stock?
Penske Automotive Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Penske Automotive Group Inc Stock.

What's the current price of Penske Automotive Group Inc Stock?
As of the end of day on the 2024-04-11, the price of an Penske Automotive Group Inc (PAG) share was $150.41.

What is the 52-week high and low for Penske Automotive Group Inc Stock?
The 52-week high for Penske Automotive Group Inc Stock is $180.84 and the 52-week low is $133.73.

What is the market capitalization of Penske Automotive Group Inc Stock?
As of the 2024-04-11, the market capitalization of Penske Automotive Group Inc is 10.049B.

When is the next earnings date for Penske Automotive Group Inc?
The upcoming earnings date for Penske Automotive Group Inc is Apr 24, 2024.
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About Penske Automotive Group Inc

Penske Automotive Group Penske Automotive Group, Inc., a diversified transportation services company, operates automotive and commercial truck dealerships. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors. The company engages in the sale of new and used motor vehicles, and related products... PAG Profile

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