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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PHM
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Stronger technical forecast for PulteGroup Inc stock price after Monday trading.
(Updated on Mar 04, 2024)

Buy or Hold candidate since Feb 27, 2024 Gain 3.90% PDF
The PulteGroup Inc stock price fell by -0.162% on the last day (Monday, 4th Mar 2024) from $111.21 to $111.03. During the last trading day the stock fluctuated 2.36% from a day low at $110.79 to a day high of $113.40. The price has risen in 8 of the last 10 days and is up by 9.44% over the past 2 weeks. Volume has increased on the last day by 480 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, 2 million shares were bought and sold for approximately $205.99 million.

The stock lies in the upper part of a wide and weak rising 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 $111.36 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.71% during the next 3 months and, with a 90% probability hold a price between $108.55 and $121.06 at the end of this 3-month period.

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PHM Signals & Forecast

The PulteGroup 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 $107.98 and $105.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -0.162%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, February 21, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, February 21, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for PulteGroup Inc stock

PulteGroup Inc finds support from accumulated volume at $105.55 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 $2.61 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 2.06%.

Our recommended stop-loss: $107.92 (-2.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (PHM) For The Upcoming Trading Day Of Tuesday 5th

For the upcoming trading day on Tuesday, 5th we expect PulteGroup Inc to open at $111.74, and during the day (based on 14 day Average True Range), to move between $108.43 and $113.63, which gives a possible trading interval of +/-$2.60 (+/-2.34%) up or down from last closing price. If PulteGroup Inc takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $111.21 (0.16%) than the support at $105.55 (4.94%), 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 PulteGroup Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PulteGroup Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.736 Buy Candidate Upgraded

Predicted Opening Price for PulteGroup Inc of Tuesday, March 5, 2024

Fair opening price March 5, 2024 Current price
$111.74 ( 0.639%) $111.03

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 114.35 2.99 %
R2 113.35 2.09 %
R1 112.74 1.54 %
Current price: 111.03
Support S1 110.74 -0.259 %
S2 110.13 -0.81 %
S3 109.13 -1.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 111.21 0.162 %
Current price 111.03
Support S1 105.55 -4.94%
S2 104.88 -5.54%
S3 102.00 -8.13%

FAQ

What is the symbol for PulteGroup Inc Stock and on which exchange is it traded?
The symbol for PulteGroup Inc is PHM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell PulteGroup Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PulteGroup Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy PulteGroup Inc Stock?
PulteGroup Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PulteGroup Inc Stock.

What's the current price of PulteGroup Inc Stock?
As of the end of day on the 2024-03-04, the price of an PulteGroup Inc (PHM) share was $111.03.

What is the 52-week high and low for PulteGroup Inc Stock?
The 52-week high for PulteGroup Inc Stock is $113.40 and the 52-week low is $52.24.

What is the market capitalization of PulteGroup Inc Stock?
As of the 2024-03-04, the market capitalization of PulteGroup Inc is 23.551B.

When is the next earnings date for PulteGroup Inc?
The upcoming earnings date for PulteGroup Inc is Apr 23, 2024.

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About PulteGroup Inc

PulteGroup PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods bran... PHM Profile

PHM Dividend Data

0.91%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Mar 14, 2024
Next Payment Date Apr 02, 2024
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