Pacific Premier Bancorp Inc Stock Forecast
Pacific Premier Bancorp Inc stock downgraded to Sell Candidate
(Updated on Mar 18, 2024)
The Pacific Premier Bancorp Inc stock price fell by -1.15% on the last day (Monday, 18th Mar 2024) from $22.61 to $22.35. During the last trading day the stock fluctuated 2.35% from a day low at $22.33 to a day high of $22.85. The price has been going up and down for this period, and there has been a -0.31% loss for the last 2 weeks. 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 -2 million shares and in total, 377 thousand shares were bought and sold for approximately $8.42 million.
The stock lies in the middle of a 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 -24.62% during the next 3 months and, with a 90% probability hold a price between $16.49 and $17.85 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.
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PPBI Signals & Forecast
There are mixed signals in the stock today. The Pacific Premier Bancorp 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 $22.96 and $23.99. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 0.95%. 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).
Support, Risk & Stop-loss for Pacific Premier Bancorp Inc stock
Pacific Premier Bancorp Inc finds support from accumulated volume at $22.14 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 $0.525 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 3.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PPBI) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Pacific Premier Bancorp Inc to open at $22.51, and during the day (based on 14 day Average True Range), to move between $21.52 and $23.18, which gives a possible trading interval of +/-$0.83 (+/-3.73%) up or down from last closing price. If Pacific Premier Bancorp Inc takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.14 (0.94%) than the resistance at $22.61 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pacific Premier Bancorp Inc stock A Buy?
Pacific Premier Bancorp Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.292 Sell Candidate Downgraded
Predicted Opening Price for Pacific Premier Bancorp Inc of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$22.51 ( 0.708%) | $22.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPBI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.03 | 3.06 % | |
R2 | 22.83 | 2.16 % | ||
R1 | 22.71 | 1.61 % | ||
Current price: | 22.35 | |||
Support | S1 | 22.31 | -0.189 % | |
S2 | 22.18 | -0.743 % | ||
S3 | 21.98 | -1.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.03 | 20.94 % | |
R2 | 25.37 | 13.51 % | ||
R1 | 22.61 | 1.16 % | ||
Current price | 22.35 | |||
Support | S1 | 22.14 | -0.94% | |
S2 | 0 | . | ||
S3 | 0 | . |
PPBI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 29, 2024 | Feb 08, 2024 | Feb 16, 2024 | $0.330 | 1.33% |
2 | Oct 23, 2023 | Nov 02, 2023 | Nov 13, 2023 | $0.330 | 1.64% |
3 | Jul 25, 2023 | Aug 04, 2023 | Aug 14, 2023 | $0.330 | 1.36% |
4 | Apr 24, 2023 | May 05, 2023 | May 15, 2023 | $0.330 | 1.76% |
5 | Jan 24, 2023 | Feb 02, 2023 | May 15, 2023 | $0.330 | 1.76% |
FAQ
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