RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PAG
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Weaker technical forecast for Penske Automotive Group Inc as stock downgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 1.04% PDF

The Penske Automotive Group Inc stock price fell by -0.0679% on the last day (Thursday, 28th Mar 2024) from $162.10 to $161.99. During the last trading day the stock fluctuated 0.667% from a day low at $161.99 to a day high of $163.07. The price has been going up and down for this period, and there has been a 6.76% gain for the last 2 weeks. Volume has increased on the last day by 60 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 191 thousand shares were bought and sold for approximately $30.92 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $162.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.48% during the next 3 months and, with a 90% probability hold a price between $150.53 and $166.18 at the end of this 3-month period.

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PAG Signals & Forecast

The Penske Automotive Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $159.52 and $153.26. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.0679%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

On the downside, the stock finds support just below today's level from accumulated volume at $152.96 and $148.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Penske Automotive Group Inc finds support just below today's level at $152.96. If this is broken, then the next support from accumulated volume will be at $148.37 and $148.25.

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 $1.08 (0.667%) between high and low. For the last week, the stock has had daily average volatility of 1.35%.

Our recommended stop-loss: $157.87 (-2.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (PAG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Penske Automotive Group Inc to open at $162.35, and during the day (based on 14 day Average True Range), to move between $158.98 and $165.00, which gives a possible trading interval of +/-$3.01 (+/-1.86%) 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 3.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $162.10 (0.07%) than the support at $152.96 (5.57%), 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 short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Penske Automotive Group Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.531 Buy Candidate Downgraded

Predicted Opening Price for Penske Automotive Group Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$162.35 ( 0.222%) $161.99

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 163.43 0.89 %
R2 163.02 0.634 %
R1 162.76 0.477 %
Current price: 161.99
Support S1 161.94 -0.0324 %
S2 161.68 -0.190 %
S3 161.27 -0.444 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 162.10 0.0679 %
Current price 161.99
Support S1 152.96 -5.57%
S2 148.37 -8.41%
S3 148.25 -8.48%

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 short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Penske Automotive Group Inc stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy 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 2024-03-28, the price of an Penske Automotive Group Inc (PAG) share was $161.99.

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 2024-03-28, the market capitalization of Penske Automotive Group Inc is 10.852B.

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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