Perdoceo Education Corporation Stock Forecast
Green day on Thursday for Perdoceo Education Corporation stock after gaining 1.09%
(Updated on Apr 25, 2024)
The Perdoceo Education Corporation stock price gained 1.09% on the last trading day (Thursday, 25th Apr 2024), rising from $18.42 to $18.62. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.65% from a day low at $18.29 to a day high of $18.78. The price has risen in 7 of the last 10 days and is up by 6.34% 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, 126 thousand more shares were traded than the day before. In total, 512 thousand shares were bought and sold for approximately $9.53 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 $17.77, a level that may pose a second chance to hit a runner. According to fan-theory $18.85 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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PRDO Signals & Forecast
The Perdoceo Education Corporation 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 $17.65 and $17.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.60%. 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. The stock had a Golden Star Signal on Monday, March 11, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, March 11, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Perdoceo Education Corporation stock
Perdoceo Education Corporation finds support from accumulated volume at $17.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.485 (2.65%) between high and low. For the last week, the stock has had daily average volatility of 2.41%.
Since the Perdoceo Education Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: $17.95 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PRDO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Perdoceo Education Corporation to open at $18.56, and during the day (based on 14 day Average True Range), to move between $18.21 and $19.03, which gives a possible trading interval of +/-$0.407 (+/-2.19%) up or down from last closing price. If Perdoceo Education Corporation takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $17.70, some $0.92 (4.94%) from the current price of $18.62, our system finds the risk reward attractive.
Earnings coming up
Perdoceo Education Corporation will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.530. We will update the financials statements for Perdoceo Education Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.87% in the first trading day after earnings release.
Is Perdoceo Education Corporation stock A Buy?
Perdoceo Education Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Perdoceo Education Corporation of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$18.56 ( 0.313%) | $18.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRDO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.05 | 2.29 % | |
R2 | 18.86 | 1.30 % | ||
R1 | 18.75 | 0.682 % | ||
Current price: | 18.62 | |||
Support | S1 | 18.38 | -1.31 % | |
S2 | 18.26 | -1.92 % | ||
S3 | 18.08 | -2.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 18.62 | |||
Support | S1 | 17.70 | -4.94% | |
S2 | 17.65 | -5.21% | ||
S3 | 17.52 | -5.91% |
PRDO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.110 | 0.623% |
2 | Nov 02, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.110 | 0.650% |
3 | Aug 03, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.110 | 0.670% |
FAQ
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