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AI Analysis of PPG
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Green day on Thursday for PPG Industries Inc stock after gaining 0.249%
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.25% PDF

The PPG Industries Inc stock price gained 0.249% on the last trading day (Thursday, 28th Mar 2024), rising from $144.54 to $144.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.679% from a day low at $144.41 to a day high of $145.39. The price has risen in 7 of the last 10 days and is up by 4.27% 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, 312 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $201.04 million.

The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $142.60, a level that may pose a second chance to hit a runner. According to fan-theory $150.36 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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PPG Signals & Forecast

Mostly positive signals in the chart today. The PPG Industries Inc 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 $142.98 and $141.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 5.11%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Friday, March 15, 2024 and based on theory for this formation the price should go up by 3.29% to $149.66 within 28 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for PPG Industries Inc stock

PPG Industries Inc finds support from accumulated volume at $141.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.98 between high and low, or 0.679%. For the last week the stock has had daily average volatility of 1.19%.

Our recommended stop-loss: $138.15 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (PPG) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PPG Industries Inc to open at $144.90, and during the day (based on 14 day Average True Range), to move between $142.79 and $147.01, which gives a possible trading interval of +/-$2.11 (+/-1.46%) up or down from last closing price. If PPG Industries Inc takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $144.95 (0.03%) than the support at $141.60 (2.28%), 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.

Is PPG Industries Inc stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 2.289 Buy Candidate Unchanged

Predicted Opening Price for PPG Industries Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$144.90 ( 0.00000000%) $144.90

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

Trading levels for PPG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 145.88 0.676 %
R2 145.51 0.418 %
R1 145.27 0.258 %
Current price: 144.90
Support S1 144.53 -0.258 %
S2 144.29 -0.418 %
S3 143.92 -0.676 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 147.28 1.64 %
R2 145.62 0.497 %
R1 144.95 0.0345 %
Current price 144.90
Support S1 141.60 -2.28%
S2 141.39 -2.42%
S3 140.90 -2.76%

PPG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Feb 15, 2024 Mar 12, 2024 $0.650 0.460%
2 Oct 19, 2023 Nov 09, 2023 Dec 12, 2023 $0.650 0.447%
3 Jul 20, 2023 Aug 09, 2023 Sep 12, 2023 $0.650 0.486%
4 Apr 20, 2023 May 09, 2023 Jun 12, 2023 $0.620 0.443%
5 Jan 19, 2023 Feb 16, 2023 Mar 10, 2023 $0.620 0.492%

FAQ

What is the symbol for PPG Industries Inc Stock and on which exchange is it traded?
The symbol for PPG Industries Inc is PPG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell PPG Industries Inc Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

How to buy PPG Industries Inc Stock?
PPG Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PPG Industries Inc Stock.

What's the current price of PPG Industries Inc Stock?
As of the end of day on the 2024-03-28, the price of an PPG Industries Inc (PPG) share was $144.90.

What is the 52-week high and low for PPG Industries Inc Stock?
The 52-week high for PPG Industries Inc Stock is $152.89 and the 52-week low is $120.33.

What is the market capitalization of PPG Industries Inc Stock?
As of the 2024-03-28, the market capitalization of PPG Industries Inc is 34.104B.

When is the next earnings date for PPG Industries Inc?
The upcoming earnings date for PPG Industries Inc is Apr 18, 2024.
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About PPG Industries Inc

PPG Industries PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet repair and refurbishing, light industrial coatings, and specialty coatings for signs; and coatings, sealants, transparencies, transparent armor, adhesives, engineered materials, and packa... PPG Profile

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