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PS Business Parks Inc Stock Forecast NYSE:PSB

$179.64 (0.0724%)

Volume: 51k

Closed: Dec 08, 2021

Hollow Logo Score: -0.924

PS Business Parks Inc Stock Forecast

$179.64 (0.0724%)

Volume: 51k

Closed: Dec 08, 2021

Score Hollow Logo -0.924
Which way will PSB go? Request
Stop-loss: $173.19 (-3.59%)
Key Stats
P/E Ratio 32.40
Beta 0.73
Trailing Dividend Rate 2.32% ($4.16)
Next Dividend Date Dec 14, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 54 and the stock is currently not being overbought or oversold

PS Business Parks Inc stock price up 0.0724% on Wednesday
(Updated on Dec 08, 2021)

Buy or Hold candidate since 2021-12-06 Gain 0.67%

The PS Business Parks Inc stock price gained 0.0724% on the last trading day (Wednesday, 8th Dec 2021), rising from $179.51 to $179.64. , and has now gained 4 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 day the stock fluctuated 1.50% from a day low at $178.21 to a day high of $180.88. The price has risen in 7 of the last 10 days and is up by 0.08% over the past 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 51 thousand shares were bought and sold for approximately $9.12 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.79% during the next 3 months and, with a 90% probability hold a price between $208.12 and $217.97 at the end of this 3-month period.

Signals & Forecast

The PS Business Parks Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $177.50 and $177.54. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -0.78%. 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).

Support, Risk & Stop-loss

PS Business Parks Inc finds support from accumulated volume at $176.76 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 $2.67 between high and low, or 1.50%. For the last week the stock has had a daily average volatility of 2.00%.

Our recommended stop-loss: $173.19 (-3.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Is PS Business Parks Inc stock A Buy?

PS Business Parks Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.924

Predicted Opening Price for PS Business Parks Inc of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$179.58 $179.64 (Overvalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Sep 30, 2021 "Wells Fargo & Company" gave "$155.00 - $163.00" rating for PSB. The price target was set to $158.50+1.0%.

Volatility and Risk
Daily Average Volatility: 2.00 %
Overall Risk: Very High High Medium Low Very Low
2.00 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $179.76
Price: $179.64
Support: $176.76

PSB Insider Trading Show all Trades



Last 100 transactions
Buy: 201 747 | Sell: 129 791 (Shares)
Date Action Amount Person Type
Dec 06, 2021 Sell 2 000 Dunbar Jennifer Holden Stock Option (right to buy)
Dec 06, 2021 Sell 2 068 Dunbar Jennifer Holden Stock Option (right to buy)
Dec 06, 2021 Sell 936 Dunbar Jennifer Holden Common Stock
Dec 06, 2021 Sell 5 132 Dunbar Jennifer Holden Common Stock
Dec 06, 2021 Buy 2 000 Dunbar Jennifer Holden Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 201 747 | Sell: 129 791 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 182.25 1.45 %
181.23 0.88 %
180.60 0.53 %
Current price: 179.64
Support 178.55 -0.61 %
177.92 -0.96 %
176.90 -1.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 181.06 0.79 %
180.22 0.32 %
179.76 0.0668 %
Current price 179.64
Support 176.76 -1.60%
176.71 -1.63%
154.02 -14.26%

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About PS Business Parks Inc

PS Business Parks PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. As of December 31, 2007, the company owned and operated approximately 19.6 million rentable square feet of commercial space located in Arizona, California, Florida, Maryland, Oregon, Texas, Virginia, and ... Read more

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