Perficient Stock Forecast

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 $62.50 and $59.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 30, 2023, and so far it has risen 23.99%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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Support, Risk & Stop-loss for Perficient stock

Perficient finds support from accumulated volume at $62.01 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 $3.29 between high and low, or 5.40%. For the last week the stock has had daily average volatility of 2.86%.

Our recommended stop-loss: $61.41 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (PRFT) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Perficient to open at $62.98, and during the day (based on 14 day Average True Range), to move between $62.12 and $65.64, which gives a possible trading interval of +/-$1.76 (+/-2.76%) up or down from last closing price. If Perficient takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $62.01, some $1.87 (2.93%) from the current price of $63.88, our system finds the risk reward attractive.

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

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