Pebblebrook Hotel Trust Stock Forecast
Pebblebrook Hotel Trust stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Pebblebrook Hotel Trust stock price fell by -4.71% on the last day (Friday, 28th Jun 2024) from $19.10 to $18.20. During the last trading day the stock fluctuated 0% from a day low at $18.20 to a day high of $18.20. The price has risen in 6 of the last 10 days but is still down by -1.99% 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 -15 thousand shares and in total, 2 thousand shares were bought and sold for approximately $32.38 thousand.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $18.67 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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PEB-PH Signals & Forecast
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. The Pebblebrook Hotel Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $18.97 and $18.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -6.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Pebblebrook Hotel Trust 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.92%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEB-PH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pebblebrook Hotel Trust to open at $18.20, and during the day (based on 14 day Average True Range), to move between $17.89 and $18.51, which gives a possible trading interval of +/-$0.313 (+/-1.72%) up or down from last closing price. If Pebblebrook Hotel Trust takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $18.84, some $0.640 (3.52%) from the current price of $18.20, our system finds the risk reward not very attractive.
Is Pebblebrook Hotel Trust stock A Buy?
Pebblebrook Hotel Trust holds several negative signals and is within a narrow and 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.713 Sell Candidate Downgraded
Predicted Opening Price for Pebblebrook Hotel Trust of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $18.20 ( 0%) | $18.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEB-PH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.20 | - |
| R2 | 18.20 | - |
| R1 | 18.20 | - |
| Price | 18.20 | |
| S1 | 18.20 | - |
| S2 | 18.20 | - |
| S3 | 18.20 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.10 | 4.95% |
| R2 | 18.86 | 3.63% |
| R1 | 18.84 | 3.52% |
| Price | 18.20 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
PEB-PH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.356 | 0% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.356 | 0% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.356 | 0% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.356 | 0% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.356 | 0% |
FAQ
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