Power Integrations Stock Forecast
Green day on Tuesday for Power Integrations stock after gaining 1.25%
(Updated on Jul 02, 2024)
The Power Integrations stock price gained 1.25% on the last trading day (Tuesday, 2nd Jul 2024), rising from $69.69 to $70.56. During the last trading day the stock fluctuated 1.67% from a day low at $69.61 to a day high of $70.77. The price has fallen in 8 of the last 10 days and is down by -5% for this period. Volume fell on the last day by -51 thousand shares and in total, 330 thousand shares were bought and sold for approximately $23.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $68.44 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.26% during the next 3 months and, with a 90% probability hold a price between $74.78 and $88.73 at the end of this 3-month period.
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POWI Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Power Integrations 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 $74.46. On a fall, the stock will find some support from the short-term average at $70.09. 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. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -9.78%. 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).
Support, Risk & Stop-loss for Power Integrations stock
Power Integrations finds support from accumulated volume at $70.19 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 $1.16 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POWI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Power Integrations to open at $70.31, and during the day (based on 14 day Average True Range), to move between $68.50 and $72.62, which gives a possible trading interval of +/-$2.06 (+/-2.92%) up or down from last closing price. If Power Integrations takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $70.19 (0.52%) than the resistance at $71.36 (1.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Power Integrations stock A Buy?
The Power Integrations stock holds several negative signals and despite the positive trend, we believe Power Integrations will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.645 Sell Candidate Unchanged
Predicted Opening Price for Power Integrations of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $70.31 ( 0.350%) | $70.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POWI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.47 | 1.29% |
| R2 | 71.03 | 0.666% |
| R1 | 70.76 | 0.278% |
| Price | 70.56 | |
| S1 | 69.87 | -0.98% |
| S2 | 69.60 | -1.37% |
| S3 | 69.15 | -1.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.63 | 8.60% |
| R2 | 76.01 | 7.72% |
| R1 | 71.36 | 1.13% |
| Price | 70.56 | |
| S1 | 70.19 | -0.524% |
| S2 | 70.17 | -0.553% |
| S3 | 62.89 | -10.87% |
POWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 31, 2024 | Jun 28, 2024 | $0.200 | 0.285% |
| 2 | May 07, 2024 | May 30, 2024 | Jun 28, 2024 | $0.200 | 0.285% |
| 3 | Feb 08, 2024 | Feb 28, 2024 | Mar 29, 2024 | $0.200 | 0.280% |
| 4 | Nov 29, 2023 | Nov 29, 2023 | Dec 29, 2023 | $0.200 | 0.244% |
| 5 | Aug 06, 2023 | Aug 30, 2023 | Sep 29, 2023 | $0.190 | 0.249% |
FAQ
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