Pitney Bowes Inc. Nt 43 Stock Forecast
Evaluation of Pitney Bowes Inc. Nt 43 stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Pitney Bowes Inc. Nt 43 stock price fell by -0.365% on the last day (Friday, 28th Jun 2024) from $19.20 to $19.13. During the last trading day the stock fluctuated 1.88% from a day low at $18.85 to a day high of $19.20. The price has risen in 6 of the last 10 days and is up by 5.57% over the past 2 weeks. Volume has increased on the last day by 6 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, 29 thousand shares were bought and sold for approximately $557.68 thousand.
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 $19.22 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.53% during the next 3 months and, with a 90% probability hold a price between $18.34 and $20.47 at the end of this 3-month period.
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PBI-PB Signals & Forecast
The Pitney Bowes Inc. Nt 43 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 $18.65 and $18.27. 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 Thursday, June 27, 2024, and so far it has fallen -0.365%. Further fall is indicated until a new bottom pivot has been found. Pitney Bowes Inc. Nt 43 gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Pitney Bowes Inc. Nt 43 stock
Pitney Bowes Inc. Nt 43 finds support from accumulated volume at $18.60 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 $0.355 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $18.57 (-2.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (PBI-PB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pitney Bowes Inc. Nt 43 to open at $19.06, and during the day (based on 14 day Average True Range), to move between $18.77 and $19.49, which gives a possible trading interval of +/-$0.362 (+/-1.89%) up or down from last closing price. If Pitney Bowes Inc. Nt 43 takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.20 (0.37%) than the support at $18.60 (2.77%), 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 Pitney Bowes Inc. Nt 43 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 Pitney Bowes Inc. Nt 43 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: 1.015 Buy Candidate Downgraded
Predicted Opening Price for Pitney Bowes Inc. Nt 43 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $19.06 ( 0.375%) | $19.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBI-PB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.41 | 1.48% |
| R2 | 19.28 | 0.772% |
| R1 | 19.19 | 0.334% |
| Price | 19.13 | |
| S1 | 18.92 | -1.08% |
| S2 | 18.84 | -1.52% |
| S3 | 18.70 | -2.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 19.20 | 0.366% |
| Price | 19.13 | |
| S1 | 18.60 | -2.77% |
| S2 | 18.35 | -4.08% |
| S3 | 18.29 | -4.39% |
PBI-PB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 07, 2024 | $0.419 | 2.25% |
| 2 | Feb 20, 2024 | Feb 20, 2024 | Mar 07, 2024 | $0.419 | 2.24% |
| 3 | Nov 21, 2023 | Nov 21, 2023 | Dec 07, 2023 | $0.419 | 2.37% |
| 4 | Aug 22, 2023 | Aug 22, 2023 | Sep 07, 2023 | $0.419 | 2.37% |
| 5 | May 22, 2023 | May 22, 2023 | Jun 07, 2023 | $0.419 | 2.53% |
FAQ
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