Perion Network Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for Perion Network Ltd
(Updated on May 01, 2024)
The Perion Network Ltd stock price gained 1.03% on the last trading day (Wednesday, 1st May 2024), rising from $12.59 to $12.72. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.89% from a day low at $12.33 to a day high of $12.81. The price has risen in 6 of the last 10 days and is up by 9.37% 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, 23 thousand more shares were traded than the day before. In total, 650 thousand shares were bought and sold for approximately $8.27 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -48.27% during the next 3 months and, with a 90% probability hold a price between $4.70 and $8.60 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PERI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 17.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Perion Network Ltd 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 $16.93. On a fall, the stock will find some support from the short-term average at $12.10. 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.
Support, Risk & Stop-loss for Perion Network Ltd stock
Perion Network Ltd finds support from accumulated volume at $12.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.480 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PERI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Perion Network Ltd to open at $12.62, and during the day (based on 14 day Average True Range), to move between $11.99 and $13.45, which gives a possible trading interval of +/-$0.731 (+/-5.75%) up or down from last closing price. If Perion Network Ltd takes out the full calculated possible swing range there will be an estimated 11.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.73 (0.08%) than the support at $12.50 (1.73%), 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.
Earnings coming up
Perion Network Ltd will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.440. We will update the financials statements for Perion Network Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.81% in the first trading day after earnings release.
Is Perion Network Ltd stock A Buy?
Perion Network Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.755 Sell Candidate Unchanged
Predicted Opening Price for Perion Network Ltd of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $12.62 ( 0.786%) | $12.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PERI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.10 | 2.99 % | |
| R2 | 12.92 | 1.55 % | ||
| R1 | 12.80 | 0.655 % | ||
| Current price: | 12.72 | |||
| Support | S1 | 12.44 | -2.23 % | |
| S2 | 12.32 | -3.12 % | ||
| S3 | 12.14 | -4.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.18 | 3.62 % | |
| R2 | 13.10 | 2.99 % | ||
| R1 | 12.73 | 0.0786 % | ||
| Current price | 12.72 | |||
| Support | S1 | 12.50 | -1.73% | |
| S2 | 11.89 | -6.53% | ||
| S3 | 11.74 | -7.70% |
PERI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 09, 2011 | Mar 23, 2011 | Aug 27, 2018 | $1.20 | 33.24% |
| 2 | Sep 02, 2010 | Sep 16, 2010 | Oct 05, 2010 | $1.35 | 7.60% |
| 3 | Apr 14, 2010 | Apr 23, 2010 | May 11, 2010 | $1.29 | 7.08% |
| 4 | Dec 10, 2009 | Dec 17, 2009 | Dec 30, 2009 | $1.20 | 4.15% |
| 5 | Mar 25, 2009 | Jul 09, 2009 | Jul 28, 2009 | $1.50 | 7.31% |
FAQ
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