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$17.62 (0.69%)

Volume: 3M

Closed: Dec 07, 2021

Hollow Logo Score: -1.315

People Stock Forecast

$17.62 (0.69%)

Volume: 3M

Closed: Dec 07, 2021

Score Hollow Logo -1.315
Which way will PBCT go? Request
Key Stats
P/E Ratio 25.34
Beta 0.99
Trailing Dividend Rate 4.09% ($0.72)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 41 and the stock is currently not being overbought or oversold

Green day on Tuesday for People stock after gaining 0.69%
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-26 Loss -1.12%

The People stock price gained 0.69% on the last trading day (Tuesday, 7th Dec 2021), rising from $17.50 to $17.62. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.80% from a day low at $17.53 to a day high of $17.84. The price has fallen in 6 of the last 10 days and is down by -5.88% for this period. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately $51.41 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.72% during the next 3 months and, with a 90% probability hold a price between $18.55 and $21.14 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The People stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $18.03. On a fall, the stock will find some support from the short-term average at $17.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 5.89%. 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

People finds support from accumulated volume at $17.14 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 $0.32 between high and low, or 1.80%. For the last week, the stock has had a daily average volatility of 4.08%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is People stock A Buy?

People holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.315

Predicted Opening Price for People of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$17.66 $17.62 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Dec 06, 2021 "Morgan Stanley" gave "$21.00 - $22.75" rating for PBCT. The price target was set to $17.64+3.8%.

Volatility and Risk
Daily Average Volatility: 4.08 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.08 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $17.73
Price: $17.62
Support: $17.14

PBCT Insider Trading Show all Trades

INSIDER POWER

1.548

Last 100 transactions
Buy: 1 699 556 | Sell: 1 097 961 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 3 861 Berner Kristy Common Stock
Nov 23, 2021 Sell 86 433 Walters Kirk W Employee Option to Buy
Nov 23, 2021 Sell 71 215 Walters Kirk W Common Stock
Nov 23, 2021 Buy 86 433 Walters Kirk W Common Stock
Oct 12, 2021 Buy 100 000 Baron Collin P Common Stock
Show all Insider Trades
INSIDER POWER

1.548

Last 100 transactions
Buy: 1 699 556 | Sell: 1 097 961 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 17.98 2.02 %
17.86 1.34 %
17.78 0.92 %
Current price: 17.62
Support 17.54 -0.45 %
17.47 -0.87 %
17.35 -1.55 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 18.72 6.24 %
17.90 1.59 %
17.73 0.62 %
Current price 17.62
Support 17.14 -2.72%
17.04 -3.29%
16.02 -9.08%

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About People

People’s United Financial, Inc. operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking. The Commercial Banking segment offers commercial real estate lending, commercial and industrial lending, and commercial dep... Read more

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