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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 PDCO
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Patterson Companies stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jun 11, 2024)

Sell candidate since Jun 03, 2024 Loss -7.12% PDF

The Patterson Companies stock price fell by -1.64% on the last day (Tuesday, 11th Jun 2024) from $23.22 to $22.84. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.96% from a day low at $22.65 to a day high of $23.32. The price has fallen in 6 of the last 10 days and is down by -4.75% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -243 thousand shares and in total, 909 thousand shares were bought and sold for approximately $20.76 million.

The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($23.16) are considered to be a "second chance" to get out. According to the fan-theory $21.21 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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PDCO Signals & Forecast

There are few to no technical positive signals at the moment. The Patterson Companies 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 $23.87 and $25.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -7.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss for Patterson Companies stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.670 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 2.03%.

Patterson Companies is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (PDCO) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Patterson Companies to open at $22.94, and during the day (based on 14 day Average True Range), to move between $22.31 and $23.37, which gives a possible trading interval of +/-$0.530 (+/-2.32%) up or down from last closing price. If Patterson Companies takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $25.30, some $2.46 (10.77%) from the current price of $22.84, our system finds the risk reward not very attractive.

Earnings coming up

Patterson Companies will release earnings BMO on Wednesday, June 19, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.83. We will update the financials statements for Patterson Companies, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.16% in the first trading day after earnings release.

Is Patterson Companies stock A Buy?

Patterson Companies holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.673 Sell Candidate Upgraded

Predicted Opening Price for Patterson Companies of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$22.94 ( 0.423%) $22.84

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

Trading levels for PDCO

Fibonacci Support & Resistance Levels

Level Price
R3 23.61 3.36%
R2 23.35 2.24%
R1 23.19 1.54%
Price 22.84
S1 22.68 -0.697%
S2 22.52 -1.39%
S3 22.27 -2.51%

Accumulated Volume Support & Resistance Levels

Level Price
R3 27.22 19.18%
R2 25.76 12.78%
R1 25.30 10.77%
Price 22.84
S1 0 -
S2 0 -
S3 0 -

PDCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 11, 2024 Apr 18, 2024 May 03, 2024 $0.260 1.01%
2 Dec 06, 2023 Jan 19, 2024 Feb 02, 2024 $0.260 0.87%
3 Dec 05, 2023 Jan 18, 2024 Feb 02, 2024 $0.260 0.87%
4 Sep 12, 2023 Oct 19, 2023 Nov 03, 2023 $0.260 0.84%
5 Jun 13, 2023 Jul 20, 2023 Aug 04, 2023 $0.260 0.781%

FAQ

What is the symbol for Patterson Companies Stock and on which exchange is it traded?
The symbol for Patterson Companies is PDCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Patterson Companies Stock?
Patterson Companies holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

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

What's the current price of Patterson Companies Stock?
As of the end of day on the Jun 11, 2024, the price of an Patterson Companies (PDCO) share was $22.84.

What is the 52-week high and low for Patterson Companies Stock?
The 52-week high for Patterson Companies Stock is $34.53 and the 52-week low is $22.65.

What is the market capitalization of Patterson Companies Stock?
As of the Jun 11, 2024, the market capitalization of Patterson Companies is 2.046B.

When is the next earnings date for Patterson Companies?
The upcoming earnings date for Patterson Companies is Jun 19, 2024.
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About Patterson Companies

Patterson Companies Patterson Companies, Inc. engages in distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice... PDCO Profile

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