RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PRGO
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Perrigo Company plc stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Perrigo Company plc stock price gained 2.14% on the last trading day (Wednesday, 27th Mar 2024), rising from $30.80 to $31.46. During the last trading day the stock fluctuated 2.14% from a day low at $30.86 to a day high of $31.52. The price has fallen in 6 of the last 10 days but is still up by 1.42% 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, 43 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $38.42 million.

The stockhas broken the wide and 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 $31.30, a level that may pose a second chance to hit a runner. According to fan-theory $37.56 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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PRGO Signals & Forecast

The Perrigo Company plc 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 $31.10 and $30.43. A breakdown below any of these levels will issue sell signals. 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. 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, March 21, 2024, and so far it has fallen -0.380%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Perrigo Company plc stock

On the downside, the stock finds support just below today's level from accumulated volume at $27.30 and $26.41. 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, Perrigo Company plc finds support just below today's level at $27.30. If this is broken, then the next support from accumulated volume will be at $26.41 and $26.33.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.660 between high and low, or 2.14%. For the last week, the stock has had daily average volatility of 1.98%.

Our recommended stop-loss: $30.26 (-3.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (PRGO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Perrigo Company plc to open at $31.28, and during the day (based on 14 day Average True Range), to move between $30.60 and $32.32, which gives a possible trading interval of +/-$0.86 (+/-2.73%) up or down from last closing price. If Perrigo Company plc takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $32.15 (2.19%) than the support at $27.30 (13.22%), 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 Perrigo Company plc stock A Buy?

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

Current score: 0.457 Hold/Accumulate Upgraded

Predicted Opening Price for Perrigo Company plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$31.28 ( 0.572%) $31.46

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

Trading levels for PRGO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.94 1.53 %
R2 31.69 0.724 %
R1 31.53 0.229 %
Current price: 31.46
Support S1 31.03 -1.37 %
S2 30.87 -1.87 %
S3 30.62 -2.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 33.17 5.44 %
R2 32.28 2.61 %
R1 32.15 2.19 %
Current price 31.46
Support S1 27.30 -13.22%
S2 26.41 -16.05%
S3 26.33 -16.31%

PRGO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 26, 2024 Mar 07, 2024 Mar 26, 2024 $0.276 0.90%
2 Nov 02, 2023 Nov 30, 2023 Dec 19, 2023 $0.270 0.88%
3 Aug 02, 2023 Aug 31, 2023 Sep 19, 2023 $0.273 0.81%
4 May 04, 2023 Jun 01, 2023 Jun 20, 2023 $0.273 0.81%
5 Feb 21, 2023 Mar 09, 2023 Mar 28, 2023 $0.273 0.789%

FAQ

What is the symbol for Perrigo Company plc Stock and on which exchange is it traded?
The symbol for Perrigo Company plc is PRGO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Perrigo Company plc Stock?
Perrigo Company plc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Perrigo Company plc Stock?
As of the end of day on the 2024-03-27, the price of an Perrigo Company plc (PRGO) share was $31.46.

What is the 52-week high and low for Perrigo Company plc Stock?
The 52-week high for Perrigo Company plc Stock is $40.28 and the 52-week low is $25.78.

What is the market capitalization of Perrigo Company plc Stock?
As of the 2024-03-27, the market capitalization of Perrigo Company plc is 4.174B.

When is the next earnings date for Perrigo Company plc?
The upcoming earnings date for Perrigo Company plc is May 14, 2024.
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About Perrigo Company plc

Perrigo Company plc Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International. The Consumer Self-Care Americas segment focuses primarily on the development, manufacture, marketing, and sale of store brand, self-care produc... PRGO Profile

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