RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Peapack-Gladstone Financial Corporation stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Peapack-Gladstone Financial Corporation stock price gained 4.20% on the last trading day (Wednesday, 27th Mar 2024), rising from $23.10 to $24.07. During the last trading day the stock fluctuated 4.67% from a day low at $23.35 to a day high of $24.44. The price has risen in 6 of the last 10 days but is still down by -0.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 118 thousand more shares were traded than the day before. In total, 157 thousand shares were bought and sold for approximately $3.78 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $25.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.59% during the next 3 months and, with a 90% probability hold a price between $14.71 and $19.56 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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PGC Signals & Forecast

The Peapack-Gladstone Financial Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $23.58 and $23.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 6.36%. 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 Peapack-Gladstone Financial Corporation stock

Peapack-Gladstone Financial Corporation finds support from accumulated volume at $23.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.09 (4.67%) between high and low. For the last week, the stock has had daily average volatility of 3.19%.

Our recommended stop-loss: $22.93 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (PGC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Peapack-Gladstone Financial Corporation to open at $23.95, and during the day (based on 14 day Average True Range), to move between $23.19 and $24.95, which gives a possible trading interval of +/-$0.88 (+/-3.66%) up or down from last closing price. If Peapack-Gladstone Financial Corporation takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.08 (0.04%) than the support at $23.98 (0.37%), 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 Peapack-Gladstone Financial Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.427 Buy Candidate Upgraded

Predicted Opening Price for Peapack-Gladstone Financial Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$23.95 ( 0.485%) $24.07

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PGC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.04 4.04 %
R2 24.63 2.31 %
R1 24.37 1.25 %
Current price: 24.07
Support S1 23.54 -2.21 %
S2 23.28 -3.28 %
S3 22.86 -5.01 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 27.95 16.12 %
R2 24.20 0.540 %
R1 24.08 0.0415 %
Current price 24.07
Support S1 23.98 -0.374%
S2 23.61 -1.91%
S3 23.35 -2.99%

PGC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 25, 2024 Feb 07, 2024 Feb 23, 2024 $0.0500 0.216%
2 Sep 27, 2023 Nov 08, 2023 Nov 27, 2023 $0.0500 0.201%
3 Jun 22, 2023 Aug 09, 2023 Aug 24, 2023 $0.0500 0.182%
4 Apr 24, 2023 May 05, 2023 Aug 24, 2023 $0.0500 0.182%
5 Jan 26, 2023 Feb 08, 2023 Feb 23, 2023 $0.0500 0.132%

FAQ

What is the symbol for Peapack-Gladstone Financial Corporation Stock and on which exchange is it traded?
The symbol for Peapack-Gladstone Financial Corporation is PGC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Peapack-Gladstone Financial Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Peapack-Gladstone Financial Corporation Stock?
Peapack-Gladstone Financial Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Peapack-Gladstone Financial Corporation Stock.

What's the current price of Peapack-Gladstone Financial Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Peapack-Gladstone Financial Corporation (PGC) share was $24.07.

What is the 52-week high and low for Peapack-Gladstone Financial Corporation Stock?
The 52-week high for Peapack-Gladstone Financial Corporation Stock is $31.49 and the 52-week low is $21.58.

What is the market capitalization of Peapack-Gladstone Financial Corporation Stock?
As of the 2024-03-27, the market capitalization of Peapack-Gladstone Financial Corporation is 410.078M.

When is the next earnings date for Peapack-Gladstone Financial Corporation?
The upcoming earnings date for Peapack-Gladstone Financial Corporation is Apr 23, 2024.
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About Peapack-Gladstone Financial Corporation

Peapack-Gladstone Financial Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts. The company also provides working capital... PGC Profile

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