Pentair plc Stock Forecast
Green day on Thursday for Pentair plc
(Updated on Mar 28, 2024)
The Pentair plc stock price gained 0.494% on the last trading day (Thursday, 28th Mar 2024), rising from $85.02 to $85.44. During the last trading day the stock fluctuated 1.22% from a day low at $84.77 to a day high of $85.80. The price has risen in 7 of the last 10 days and is up by 5.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 340 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $165.60 million.
The stock has broken the narrow and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $84.56, a level that may pose a second chance to hit a runner. According to fan-theory $87.49 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PNR Signals & Forecast
The Pentair plc 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 $83.82 and $78.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 18.03%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pentair plc stock
Pentair plc finds support from accumulated volume at $84.72 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 $1.04 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: $82.35 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (PNR) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pentair plc to open at $85.34, and during the day (based on 14 day Average True Range), to move between $83.94 and $86.94, which gives a possible trading interval of +/-$1.50 (+/-1.75%) up or down from last closing price. If Pentair plc takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $84.72, some $0.720 (0.84%) from the current price of $85.44, our system finds the risk reward attractive.
Is Pentair plc stock A Buy?
Pentair plc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.619 Strong Buy Candidate Unchanged
Predicted Opening Price for Pentair plc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$85.34 ( 0.123%) | $85.44 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 86.37 | 1.09 % | |
R2 | 85.97 | 0.626 % | ||
R1 | 85.73 | 0.340 % | ||
Current price: | 85.44 | |||
Support | S1 | 84.94 | -0.586 % | |
S2 | 84.70 | -0.87 % | ||
S3 | 84.30 | -1.33 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 85.44 | |||
Support | S1 | 84.72 | -0.84% | |
S2 | 81.56 | -4.54% | ||
S3 | 72.90 | -14.68% |
PNR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 19, 2024 | Apr 18, 2024 | May 03, 2024 | $0.230 | 0.269% |
2 | Dec 11, 2023 | Jan 18, 2024 | Feb 02, 2024 | $0.230 | 0.312% |
3 | Dec 11, 2023 | Jan 10, 2024 | Feb 02, 2024 | $0.230 | 0.312% |
4 | Sep 18, 2023 | Oct 19, 2023 | Nov 03, 2023 | $0.220 | 0.357% |
5 | May 08, 2023 | Jul 20, 2023 | Aug 04, 2023 | $0.220 | 0.315% |
FAQ
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