Prestige Brand Holdings Inc Stock Forecast
Prestige Brand Holdings Inc stock price up 0.470% on Friday
(Updated on Apr 26, 2024)
The Prestige Brand Holdings Inc stock price gained 0.470% on the last trading day (Friday, 26th Apr 2024), rising from $70.14 to $70.47. During the last trading day the stock fluctuated 1.22% from a day low at $69.89 to a day high of $70.75. The price has risen in 6 of the last 10 days and is up by 3.28% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 153 thousand shares were bought and sold for approximately $10.80 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 middle of a wide and weak 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 7.52% during the next 3 months and, with a 90% probability hold a price between $71.83 and $83.64 at the end of this 3-month period.
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PBH Signals & Forecast
There are mixed signals in the stock today. The Prestige Brand Holdings Inc 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 $71.17. On a fall, the stock will find some support from the short-term average at $69.97. 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -6.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Prestige Brand Holdings Inc stock
Prestige Brand Holdings Inc finds support from accumulated volume at $70.13 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 $0.86 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PBH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Prestige Brand Holdings Inc to open at $70.37, and during the day (based on 14 day Average True Range), to move between $69.19 and $71.75, which gives a possible trading interval of +/-$1.28 (+/-1.81%) up or down from last closing price. If Prestige Brand Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $70.13 (0.48%) than the resistance at $73.63 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Prestige Brand Holdings Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.14. We will update the financials statements for Prestige Brand Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.95% in the first trading day after earnings release.
Is Prestige Brand Holdings Inc stock A Buy?
Prestige Brand Holdings Inc 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: -3.111 Sell Candidate Unchanged
Predicted Opening Price for Prestige Brand Holdings Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $70.37 ( 0.144%) | $70.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.22 | 1.07 % | |
| R2 | 70.90 | 0.606 % | ||
| R1 | 70.69 | 0.319 % | ||
| Current price: | 70.47 | |||
| Support | S1 | 70.04 | -0.608 % | |
| S2 | 69.84 | -0.89 % | ||
| S3 | 69.51 | -1.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.67 | 5.96 % | |
| R2 | 74.15 | 5.22 % | ||
| R1 | 73.63 | 4.48 % | ||
| Current price | 70.47 | |||
| Support | S1 | 70.13 | -0.482% | |
| S2 | 69.67 | -1.14% | ||
| S3 | 68.80 | -2.37% |
PBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2018 | Sep 27, 2018 | Sep 27, 2018 | $0.475 | 1.25% |
FAQ
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