Pinnacle Financial Partners, Inc. 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
Red day on Tuesday for Pinnacle Financial Partners, Inc.
(Updated on Jun 25, 2024)
The Pinnacle Financial Partners, Inc. stock price fell by -0.85% on the last day (Tuesday, 25th Jun 2024) from $23.60 to $23.40. During the last trading day the stock fluctuated 0.85% from a day low at $23.40 to a day high of $23.60. The price has risen in 5 of the last 10 days but is still down by -0.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 17 thousand shares were bought and sold for approximately $396.05 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pinnacle Financial Partners, Inc. stock with a 90% probability to be traded between $22.75 and $23.68 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PNFPP Signals & Forecast
There are few to no technical positive signals at the moment. The Pinnacle Financial Partners, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.59 and $23.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Friday, May 31, 2024 and based on theory for this formation the price should fall by -4.51% to $22.35 within 11 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for Pinnacle Financial Partners, Inc. stock
Pinnacle Financial Partners, Inc. finds support from accumulated volume at $23.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.200 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.06%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PNFPP) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Pinnacle Financial Partners, Inc. to open at $23.47, and during the day (based on 14 day Average True Range), to move between $23.06 and $23.74, which gives a possible trading interval of +/-$0.339 (+/-1.45%) up or down from last closing price. If Pinnacle Financial Partners, Inc. takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.35 (0.21%) than the resistance at $23.60 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pinnacle Financial Partners, Inc. stock A Buy?
Pinnacle Financial Partners, Inc. holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.843 Sell Candidate Unchanged
Predicted Opening Price for Pinnacle Financial Partners, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $23.47 ( 0.285%) | $23.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNFPP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.67 | 1.14% |
| R2 | 23.59 | 0.81% |
| R1 | 23.54 | 0.611% |
| Price | 23.40 | |
| S1 | 23.39 | -0.0416% |
| S2 | 23.34 | -0.243% |
| S3 | 23.27 | -0.570% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.80 | 1.71% |
| R2 | 23.75 | 1.50% |
| R1 | 23.60 | 0.85% |
| Price | 23.40 | |
| S1 | 23.35 | -0.214% |
| S2 | 23.20 | -0.85% |
| S3 | 23.07 | -1.41% |
PNFPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 16, 2024 | Jun 01, 2024 | $0.422 | 1.78% |
| 2 | Jan 16, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.422 | 1.78% |
| 3 | Oct 17, 2023 | Nov 15, 2023 | Dec 01, 2023 | $0.422 | 1.80% |
| 4 | Jul 18, 2023 | Aug 16, 2023 | Sep 01, 2023 | $0.422 | 1.87% |
| 5 | Apr 18, 2023 | May 16, 2023 | Jun 01, 2023 | $0.422 | 1.88% |
FAQ
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