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The Pennant Group, Inc. Stock Forecast NASDAQ:PNTG

$20.45 (-5.06%)

Volume: 118k

Closed: Nov 26, 2021

Hollow Logo Score: -7.492

The Pennant Group, Inc. Stock Forecast

$20.45 (-5.06%)

Volume: 118k

Closed: Nov 26, 2021

Score Hollow Logo -7.492
Which way will PNTG go? Request
Key Stats
Beta 1.3
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 31 and the stock is currently not being overbought or oversold

Is The Pennant Group, Inc. stock still a buy after falling -5.06% on Friday ?
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The The Pennant Group, Inc. stock price fell by -5.06% on the last day (Friday, 26th Nov 2021) from $21.54 to $20.45. and has now fallen 4 days in a row. During the day the stock fluctuated 9.15% from a day low at $19.01 to a day high of $20.75. The price has fallen in 9 of the last 10 days and is down by -22.83% for this period. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 118 thousand shares were bought and sold for approximately $2.41 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 -29.96% during the next 3 months and, with a 90% probability hold a price between $12.56 and $17.38 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are few to no technical positive signals at the moment. The The Pennant Group, Inc. 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 $22.42 and $24.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -22.83%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.74 between high and low, or 9.15%. For the last week, the stock has had a daily average volatility of 5.76%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is The Pennant Group, Inc. stock A Buy?

The Pennant Group, Inc. holds several negative signals and is within a very wide 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: -7.492

Predicted Opening Price for The Pennant Group, Inc. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$20.07 $20.45 (Overvalued)
Strong Sell Candidate Unchanged

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Analyst Ratings

On Nov 10, 2021 "Royal Bank of Canada" gave "$44.00 - $37.00" rating for PNTG. The price target was set to $24.92+0.3%.

Volatility and Risk
Daily Average Volatility: 5.76 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.76 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $20.80
Price: $20.45
No Support Found

PNTG Insider Trading Show all Trades

INSIDER POWER

0.470

Last 100 transactions
Buy: 140 250 | Sell: 298 415 (Shares)
Date Action Amount Person Type
Oct 18, 2021 Sell 190 Stringfield Joanne Common Stock
Oct 15, 2021 Buy 750 Lewis Roderic W Common Stock
Oct 15, 2021 Buy 750 Smith Barry M Common Stock
Oct 15, 2021 Buy 750 Covey Stephen M R Common Stock
Oct 15, 2021 Buy 750 Christensen Christopher R. Common Stock
Show all Insider Trades
INSIDER POWER

0.470

Last 100 transactions
Buy: 140 250 | Sell: 298 415 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 21.81 6.65 %
21.15 3.40 %
20.73 1.39 %
Current price: 20.45
Support 19.41 -5.11 %
18.99 -7.12 %
18.33 -10.37 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 24.84 21.47 %
22.73 11.15 %
20.80 1.71 %
Current price 20.45
Support 0 .
0 .
0 .

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