Polaris Industries Inc Stock Forecast
Green day on Wednesday for Polaris Industries Inc
(Updated on May 08, 2024)
The Polaris Industries Inc stock price gained 0.487% on the last trading day (Wednesday, 8th May 2024), rising from $84.11 to $84.52. During the last trading day the stock fluctuated 2.31% from a day low at $83.24 to a day high of $85.16. The price has risen in 6 of the last 10 days but is still down by -0.81% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 534 thousand shares were bought and sold for approximately $45.15 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $82.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.10% during the next 3 months and, with a 90% probability hold a price between $76.35 and $89.86 at the end of this 3-month period.
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PII Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.49%. 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 Polaris Industries 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 $90.63. On a fall, the stock will find some support from the short-term average at $84.25. 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 Polaris Industries Inc stock
Polaris Industries Inc finds support from accumulated volume at $83.92 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 $1.92 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PII) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Polaris Industries Inc to open at $84.31, and during the day (based on 14 day Average True Range), to move between $82.14 and $86.90, which gives a possible trading interval of +/-$2.38 (+/-2.81%) up or down from last closing price. If Polaris Industries Inc takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $83.92 (0.71%) than the resistance at $85.21 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Polaris Industries Inc stock A Buy?
Polaris Industries Inc 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: -2.218 Sell Candidate Unchanged
Predicted Opening Price for Polaris Industries Inc of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $84.31 ( 0.252%) | $84.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PII
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 86.23 | 2.02 % | |
| R2 | 85.49 | 1.15 % | ||
| R1 | 85.04 | 0.615 % | ||
| Current price: | 84.52 | |||
| Support | S1 | 83.57 | -1.12 % | |
| S2 | 83.12 | -1.66 % | ||
| S3 | 82.39 | -2.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 88.20 | 4.35 % | |
| R2 | 86.50 | 2.34 % | ||
| R1 | 85.21 | 0.82 % | ||
| Current price | 84.52 | |||
| Support | S1 | 83.92 | -0.710% | |
| S2 | 83.40 | -1.33% | ||
| S3 | 83.28 | -1.47% |
PII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 03, 2024 | Jun 17, 2024 | $0.660 | 0.781% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.660 | 0.718% |
| 3 | Oct 26, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.650 | 0.707% |
| 4 | Jul 27, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.650 | 0.608% |
| 5 | Apr 27, 2023 | May 31, 2023 | Sep 15, 2023 | $0.650 | 0.608% |
FAQ
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