Peoples Bancorp Inc. Stock Forecast
Peoples Bancorp Inc. stock price up 0.533% on Thursday
(Updated on Apr 25, 2024)
The Peoples Bancorp Inc. stock price gained 0.533% on the last trading day (Thursday, 25th Apr 2024), rising from $30.04 to $30.20. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.18% from a day low at $29.43 to a day high of $30.37. The price has risen in 7 of the last 10 days and is up by 8.63% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 146 thousand more shares were traded than the day before. In total, 291 thousand shares were bought and sold for approximately $8.79 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $29.39, a level that may pose a second chance to hit a runner. According to fan-theory $32.23 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PEBO Signals & Forecast
The Peoples Bancorp Inc. 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 $28.75 and $28.18. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 11.15%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Peoples Bancorp Inc. stock
Peoples Bancorp Inc. finds support from accumulated volume at $29.23 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 $0.94 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 3.43%.
Since the Peoples Bancorp Inc. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $29.11 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (PEBO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Peoples Bancorp Inc. to open at $30.00, and during the day (based on 14 day Average True Range), to move between $29.47 and $30.93, which gives a possible trading interval of +/-$0.725 (+/-2.40%) up or down from last closing price. If Peoples Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.41 (0.70%) than the support at $29.23 (3.21%), 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 Peoples Bancorp Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.166 Buy Candidate Unchanged
Predicted Opening Price for Peoples Bancorp Inc. of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$30.00 ( 0.660%) | $30.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEBO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.94 | 2.44 % | |
R2 | 30.58 | 1.26 % | ||
R1 | 30.36 | 0.524 % | ||
Current price: | 30.20 | |||
Support | S1 | 29.64 | -1.84 % | |
S2 | 29.42 | -2.57 % | ||
S3 | 29.07 | -3.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.67 | 1.56 % | |
R2 | 30.57 | 1.23 % | ||
R1 | 30.41 | 0.695 % | ||
Current price | 30.20 | |||
Support | S1 | 29.23 | -3.21% | |
S2 | 28.47 | -5.73% | ||
S3 | 27.40 | -9.27% |
PEBO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 22, 2024 | Feb 02, 2024 | Feb 20, 2024 | $0.390 | 1.35% |
2 | Oct 24, 2023 | Nov 03, 2023 | Nov 20, 2023 | $0.390 | 1.31% |
3 | Jul 24, 2023 | Aug 04, 2023 | Aug 21, 2023 | $0.390 | 1.48% |
4 | Apr 24, 2023 | May 05, 2023 | May 22, 2023 | $0.390 | 1.50% |
5 | Jan 23, 2023 | Feb 03, 2023 | Feb 21, 2023 | $0.380 | 1.24% |
FAQ
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