14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PRFT
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Perficient stock downgraded to Buy Candidate
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 07, 2024 Gain 1.46% PDF

The Perficient stock price fell by -0.0672% on the last day (Friday, 14th Jun 2024) from $74.40 to $74.35. During the last trading day the stock fluctuated 0.256% from a day low at $74.35 to a day high of $74.54. The price has risen in 5 of the last 10 days and is up by 0.27% 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 -60 thousand shares and in total, 462 thousand shares were bought and sold for approximately $34.36 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $76.48 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 59.64% during the next 3 months and, with a 90% probability hold a price between $93.50 and $122.10 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PRFT Signals & Forecast

The Perficient 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 $74.31 and $69.15. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 13, 2024, and so far it has fallen -0.0672%. 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 Perficient stock

Perficient finds support from accumulated volume at $73.55 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 $0.190 between high and low, or 0.256%. For the last week the stock has had daily average volatility of 0.269%.

Our recommended stop-loss: $71.69 (-3.58%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (PRFT) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Perficient to open at $74.41, and during the day (based on 14 day Average True Range), to move between $73.68 and $75.02, which gives a possible trading interval of +/-$0.666 (+/-0.90%) up or down from last closing price. If Perficient takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.39 (0.05%) than the support at $73.55 (1.08%), 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 Perficient 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 Perficient stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.035 Buy Candidate Downgraded

Predicted Opening Price for Perficient of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$74.41 ( 0.0852%) $74.35

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

Trading levels for PRFT

Fibonacci Support & Resistance Levels

Level Price
R3 74.60 0.341%
R2 74.53 0.243%
R1 74.49 0.183%
Price 74.35
S1 74.34 -0.0124%
S2 74.30 -0.0727%
S3 74.22 -0.170%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 74.40 0.0672%
R1 74.39 0.0538%
Price 74.35
S1 73.55 -1.08%
S2 73.28 -1.44%
S3 73.26 -1.47%

FAQ

What is the symbol for Perficient Stock and on which exchange is it traded?
The symbol for Perficient is PRFT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Perficient Stock?
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 Perficient stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

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

What's the current price of Perficient Stock?
As of the end of day on the Jun 14, 2024, the price of an Perficient (PRFT) share was $74.35.

What is the 52-week high and low for Perficient Stock?
The 52-week high for Perficient Stock is $96.93 and the 52-week low is $42.51.

What is the market capitalization of Perficient Stock?
As of the Jun 14, 2024, the market capitalization of Perficient is 2.614B.

When is the next earnings date for Perficient?
The upcoming earnings date for Perficient is Jul 25, 2024.
Click to get the best stock tips daily for free!

About Perficient

Perficient Perficient, Inc. provides digital consultancy services and solutions in the United States. The company offers strategy and consulting solutions in the areas of digital and technology strategy, management consulting, and organizational change management; and data and intelligence solutions in the areas of analytics, artificial intelligence and machine learning, big data, business intelligence, and custom product portfolio. It also provides blockch... PRFT Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT