Pegasystems Inc. Stock Forecast
Red day on Wednesday for Pegasystems Inc. stock after losing 0.708%
(Updated on Apr 24, 2024)
The Pegasystems Inc. stock price fell by -0.708% on the last day (Wednesday, 24th Apr 2024) from $59.30 to $58.88. During the last trading day the stock fluctuated 2.32% from a day low at $58.59 to a day high of $59.95. The price has been going up and down for this period, and there has been a -5.05% loss for the last 2 weeks. Volume has increased on the last day by 380 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, 694 thousand shares were bought and sold for approximately $40.85 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $56.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.35% during the next 3 months and, with a 90% probability hold a price between $66.23 and $89.60 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PEGA Signals & Forecast
There are few to no technical positive signals at the moment. The Pegasystems 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 $62.29. On a fall, the stock will find some support from the short-term average at $58.57. 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 Thursday, February 15, 2024, and so far it has fallen -14.42%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Pegasystems Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $50.71 and $49.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pegasystems Inc. finds support just below today's level at $50.71. If this is broken, then the next support from accumulated volume will be at $49.94 and $49.76.
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 $1.36 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEGA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Pegasystems Inc. to open at $59.14, and during the day (based on 14 day Average True Range), to move between $57.25 and $60.51, which gives a possible trading interval of +/-$1.63 (+/-2.77%) up or down from last closing price. If Pegasystems Inc. takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.10 (5.47%) than the support at $50.71 (13.88%), 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 Pegasystems Inc. stock A Buy?
The Pegasystems Inc. stock holds several negative signals and despite the positive trend, we believe Pegasystems Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.912 Sell Candidate Unchanged
Predicted Opening Price for Pegasystems Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $59.14 ( 0.442%) | $58.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEGA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.50 | 2.75 % | |
| R2 | 59.98 | 1.87 % | ||
| R1 | 59.66 | 1.32 % | ||
| Current price: | 58.88 | |||
| Support | S1 | 58.62 | -0.441 % | |
| S2 | 58.30 | -0.99 % | ||
| S3 | 57.78 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.80 | 16.85 % | |
| R2 | 64.88 | 10.19 % | ||
| R1 | 62.10 | 5.47 % | ||
| Current price | 58.88 | |||
| Support | S1 | 50.71 | -13.88% | |
| S2 | 49.94 | -15.18% | ||
| S3 | 49.76 | -15.49% |
PEGA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.0300 | 0.0513% |
| 2 | Dec 15, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.0300 | 0.0647% |
| 3 | Sep 15, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.0300 | 0.0721% |
| 4 | Jun 16, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.0300 | 0.0534% |
| 5 | Mar 17, 2023 | Mar 31, 2023 | Apr 17, 2023 | $0.0300 | 0.0657% |
FAQ
Click here for our free guide on how to buy Pegasystems Inc. Stock.
