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.
AI Analysis of PLAB
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Photronics stock price ended at $28.77 on Wednesday, after gaining 2.28%.
(Updated on Mar 27, 2024)

Hold candidate since Mar 22, 2024 Loss -0.10% PDF

The Photronics stock price gained 2.28% on the last trading day (Wednesday, 27th Mar 2024), rising from $28.13 to $28.77. During the last trading day the stock fluctuated 2.60% from a day low at $28.05 to a day high of $28.78. The price has fallen in 6 of the last 10 days and is down by -2.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 86 thousand more shares were traded than the day before. In total, 399 thousand shares were bought and sold for approximately $11.48 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 -6.19% during the next 3 months and, with a 90% probability hold a price between $24.31 and $30.81 at the end of this 3-month period.

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PLAB Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 7.47%. 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 Photronics 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 $29.51. On a fall, the stock will find some support from the short-term average at $28.52. 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 Photronics stock

Photronics finds support from accumulated volume at $28.01 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 $0.730 (2.60%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.

Our recommended stop-loss: $27.17 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Photronics to open at $28.53, and during the day (based on 14 day Average True Range), to move between $27.67 and $29.87, which gives a possible trading interval of +/-$1.10 (+/-3.82%) up or down from last closing price. If Photronics takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $28.79 (0.07%) than the support at $28.01 (2.64%), 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 Photronics stock A Buy?

Photronics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.369 Hold/Accumulate Unchanged

Predicted Opening Price for Photronics of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$28.53 ( 0.82%) $28.77

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

Trading levels for PLAB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.26 1.71 %
R2 28.98 0.745 %
R1 28.81 0.147 %
Current price: 28.77
Support S1 28.25 -1.79 %
S2 28.08 -2.39 %
S3 27.80 -3.36 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 33.84 17.62 %
R2 32.12 11.64 %
R1 28.79 0.0695 %
Current price 28.77
Support S1 28.01 -2.64%
S2 26.88 -6.57%
S3 26.77 -6.95%

FAQ

What is the symbol for Photronics Stock and on which exchange is it traded?
The symbol for Photronics is PLAB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Photronics Stock?
Photronics holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Photronics Stock?
As of the end of day on the 2024-03-27, the price of an Photronics (PLAB) share was $28.77.

What is the 52-week high and low for Photronics Stock?
The 52-week high for Photronics Stock is $34.16 and the 52-week low is $13.86.

What is the market capitalization of Photronics Stock?
As of the 2024-03-27, the market capitalization of Photronics is 1.782B.

When is the next earnings date for Photronics?
The upcoming earnings date for Photronics is May 22, 2024.
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About Photronics

Photronics Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, Korea, Europe, China, and internationally. The company offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, FDP substrates, and other types of electrical and optical components. It sells... PLAB Profile

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