Premier Financial Corp. 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 Friday for Premier Financial Corp. stock after gaining 0.561%
(Updated on May 31, 2024)
The Premier Financial Corp. stock price gained 0.561% on the last trading day (Friday, 31st May 2024), rising from $19.60 to $19.71. During the last trading day the stock fluctuated 1.53% from a day low at $19.57 to a day high of $19.87. The price has been going up and down for this period, and there has been a -7.29% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 104 thousand shares were bought and sold for approximately $2.04 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.83% during the next 3 months and, with a 90% probability hold a price between $20.20 and $22.48 at the end of this 3-month period.
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PFC Signals & Forecast
The Premier Financial Corp. 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 $19.93 and $20.26. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.44%. 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.
Support, Risk & Stop-loss for Premier Financial Corp. stock
Premier Financial Corp. finds support from accumulated volume at $19.34 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 $0.299 between high and low, or 1.53%. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: $18.55 (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (PFC) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Premier Financial Corp. to open at $19.72, and during the day (based on 14 day Average True Range), to move between $19.19 and $20.23, which gives a possible trading interval of +/-$0.519 (+/-2.63%) up or down from last closing price. If Premier Financial Corp. takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.34 (1.88%) than the resistance at $20.51 (4.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Premier Financial Corp. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.386 Buy Candidate Unchanged
Predicted Opening Price for Premier Financial Corp. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $19.72 ( 0.0330%) | $19.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.02 | 1.55 % | |
| R2 | 19.90 | 0.97 % | ||
| R1 | 19.83 | 0.613 % | ||
| Current price: | 19.71 | |||
| Support | S1 | 19.60 | -0.547 % | |
| S2 | 19.53 | -0.91 % | ||
| S3 | 19.42 | -1.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.26 | 7.86 % | |
| R2 | 20.75 | 5.28 % | ||
| R1 | 20.51 | 4.06 % | ||
| Current price | 19.71 | |||
| Support | S1 | 19.34 | -1.88% | |
| S2 | 19.26 | -2.28% | ||
| S3 | 19.07 | -3.25% |
PFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 02, 2024 | May 10, 2024 | $0.310 | 1.46% |
| 2 | Jan 23, 2024 | Feb 08, 2024 | Feb 16, 2024 | $0.310 | 1.51% |
| 3 | Oct 24, 2023 | Nov 09, 2023 | Nov 17, 2023 | $0.310 | 1.51% |
| 4 | Jul 25, 2023 | Aug 03, 2023 | Aug 11, 2023 | $0.310 | 1.45% |
| 5 | Apr 25, 2023 | May 04, 2023 | May 12, 2023 | $0.310 | 2.21% |
FAQ
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