Pilgrim Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Pilgrim stock after losing 0.334%
(Updated on Apr 26, 2024)
The Pilgrim stock price fell by -0.334% on the last day (Friday, 26th Apr 2024) from $35.88 to $35.76. During the last trading day the stock fluctuated 1.15% from a day low at $35.65 to a day high of $36.06. The price has risen in 6 of the last 10 days and is up by 1.76% over the past 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 -235 thousand shares and in total, 296 thousand shares were bought and sold for approximately $10.60 million.
Given the current short-term trend, the stock is expected to rise 36.18% during the next 3 months and, with a 90% probability hold a price between $48.70 and $52.22 at the end of this 3-month period.
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PPC Signals & Forecast
The Pilgrim stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $35.81. On a fall, the stock will find some support from the long-term average at approximately $34.67. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.667%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Pilgrim stock
On the downside, the stock finds support just below today's level from accumulated volume at $33.38 and $32.21. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pilgrim finds support just below today's level at $33.38. If this is broken, then the next support from accumulated volume will be at $32.21 and $31.19.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.410 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $34.29 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PPC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Pilgrim to open at $35.82, and during the day (based on 14 day Average True Range), to move between $35.16 and $36.36, which gives a possible trading interval of +/-$0.601 (+/-1.68%) up or down from last closing price. If Pilgrim takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.88 (0.34%) than the support at $33.38 (6.66%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Pilgrim will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.600. We will update the financials statements for Pilgrim, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.58% in the first trading day after earnings release.
Is Pilgrim stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pilgrim stock to perform well in the short-term.
Current score: 3.725 Buy Candidate Unchanged
Predicted Opening Price for Pilgrim of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $35.82 ( 0.177%) | $35.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.23 | 1.32 % | |
| R2 | 36.08 | 0.89 % | ||
| R1 | 35.98 | 0.615 % | ||
| Current price: | 35.76 | |||
| Support | S1 | 35.67 | -0.261 % | |
| S2 | 35.57 | -0.531 % | ||
| S3 | 35.41 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.00 | 0.671 % | |
| R2 | 35.99 | 0.643 % | ||
| R1 | 35.88 | 0.336 % | ||
| Current price | 35.76 | |||
| Support | S1 | 33.38 | -6.66% | |
| S2 | 32.21 | -9.93% | ||
| S3 | 31.19 | -12.78% |
PPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 27, 2016 | May 06, 2016 | May 18, 2016 | $2.75 | 11.03% |
| 2 | Jan 14, 2015 | Jan 28, 2015 | Feb 17, 2015 | $5.77 | 21.04% |
| 3 | Sep 10, 2008 | Sep 10, 2008 | Sep 26, 2008 | $0.0230 | 0.648% |
| 4 | Jun 11, 2008 | Jun 11, 2008 | Jun 27, 2008 | $0.0230 | 0.169% |
| 5 | Mar 12, 2008 | Mar 12, 2008 | Mar 28, 2008 | $0.0230 | 0.112% |
FAQ
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