Pentair plc Stock Forecast
Pentair plc stock price up 0.430% on Tuesday
(Updated on Jul 02, 2024)
The Pentair plc stock price gained 0.430% on the last trading day (Tuesday, 2nd Jul 2024), rising from $74.42 to $74.74. During the last trading day the stock fluctuated 1.34% from a day low at $74.08 to a day high of $75.07. The price has risen in 7 of the last 10 days but is still down by -4.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $92.25 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 $73.92 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.47% during the next 3 months and, with a 90% probability hold a price between $69.88 and $78.10 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PNR Signals & Forecast
There are mixed signals in the stock today. The Pentair plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $75.90 and $79.72. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.579%. 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.
Support, Risk & Stop-loss for Pentair plc stock
Pentair plc finds support from accumulated volume at $74.42 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 $0.99 (1.34%) between high and low. For the last week, the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PNR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pentair plc to open at $74.63, and during the day (based on 14 day Average True Range), to move between $72.71 and $76.77, which gives a possible trading interval of +/-$2.03 (+/-2.72%) up or down from last closing price. If Pentair plc takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $74.42 (0.43%) than the resistance at $78.47 (4.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pentair plc stock A Buy?
Pentair plc 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: -2.334 Sell Candidate Unchanged
Predicted Opening Price for Pentair plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $74.63 ( 0.147%) | $74.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.62 | 1.18% |
| R2 | 75.24 | 0.671% |
| R1 | 75.01 | 0.359% |
| Price | 74.74 | |
| S1 | 74.25 | -0.653% |
| S2 | 74.02 | -0.97% |
| S3 | 73.64 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 79.20 | 5.97% |
| R2 | 78.95 | 5.63% |
| R1 | 78.47 | 4.99% |
| Price | 74.74 | |
| S1 | 74.42 | -0.428% |
| S2 | 74.31 | -0.575% |
| S3 | 0 | - |
PNR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | Jul 19, 2024 | Aug 02, 2024 | $0.230 | 0.308% |
| 2 | Feb 19, 2024 | Apr 18, 2024 | May 03, 2024 | $0.230 | 0.289% |
| 3 | Dec 11, 2023 | Jan 18, 2024 | Feb 02, 2024 | $0.230 | 0.312% |
| 4 | Dec 11, 2023 | Jan 10, 2024 | Feb 02, 2024 | $0.230 | 0.312% |
| 5 | Sep 18, 2023 | Oct 19, 2023 | Nov 03, 2023 | $0.220 | 0.357% |
FAQ
Click here for our free guide on how to buy Pentair plc Stock.
