PriceSmart Stock Forecast
PriceSmart stock price ended at $81.49 on Friday, after gaining 1.65%.
(Updated on Apr 26, 2024)
The PriceSmart stock price gained 1.65% on the last trading day (Friday, 26th Apr 2024), rising from $80.17 to $81.49. During the last trading day the stock fluctuated 1.66% from a day low at $80.21 to a day high of $81.54. The price has risen in 6 of the last 10 days and is up by 2.57% 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, 82 thousand more shares were traded than the day before. In total, 177 thousand shares were bought and sold for approximately $14.45 million.
The stock lies in the middle of a weak 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 3.45% during the next 3 months and, with a 90% probability hold a price between $81.28 and $88.96 at the end of this 3-month period.
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PSMT Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.21%. Further rise is indicated until a new top pivot has been found. 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. The PriceSmart stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $81.58. On a fall, the stock will find some support from the short-term average at $81.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PriceSmart stock
PriceSmart finds support from accumulated volume at $80.91 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 $1.33 (1.66%) between high and low. For the last week, the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: $77.33 (-5.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (PSMT) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect PriceSmart to open at $81.08, and during the day (based on 14 day Average True Range), to move between $79.73 and $83.25, which gives a possible trading interval of +/-$1.76 (+/-2.15%) up or down from last closing price. If PriceSmart takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $82.06 (0.70%) than the support at $80.91 (0.71%), 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 PriceSmart 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 PriceSmart stock to perform well in the short-term.
Current score: 2.584 Buy Candidate Unchanged
Predicted Opening Price for PriceSmart of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$81.08 ( 0.504%) | $81.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSMT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.41 | 1.13 % | |
R2 | 81.90 | 0.504 % | ||
R1 | 81.59 | 0.119 % | ||
Current price: | 81.49 | |||
Support | S1 | 80.57 | -1.13 % | |
S2 | 80.26 | -1.51 % | ||
S3 | 79.75 | -2.13 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 83.09 | 1.96 % | |
R2 | 82.85 | 1.67 % | ||
R1 | 82.06 | 0.699 % | ||
Current price | 81.49 | |||
Support | S1 | 80.91 | -0.712% | |
S2 | 80.67 | -1.01% | ||
S3 | 80.53 | -1.18% |
PSMT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Aug 15, 2024 | Aug 30, 2024 | $0.580 | 0.712% |
2 | Feb 05, 2024 | Aug 14, 2024 | Aug 30, 2024 | $0.580 | 0.712% |
3 | Feb 01, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.580 | 0.689% |
4 | Feb 03, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.460 | 0.579% |
5 | Feb 03, 2023 | Feb 15, 2023 | Feb 28, 2023 | $0.460 | 0.660% |
FAQ
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