Pearson Plc Stock Forecast

Green day on Tuesday for Pearson Plc stock after gaining 0.96%
(Updated on Apr 23, 2024)

PSO Signals & Forecast

There are mixed signals in the stock today. The Pearson Plc 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 $12.78. On a fall, the stock will find some support from the short-term average at $12.39. 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). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.93%. 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.

Support, Risk & Stop-loss for Pearson Plc stock

Pearson Plc finds support from accumulated volume at $12.19 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 $0.135 (1.08%) between high and low. For the last week, the stock has had daily average volatility of 1.03%.

Our recommended stop-loss: $12.04 (-4.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (PSO) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Pearson Plc to open at $12.62, and during the day (based on 14 day Average True Range), to move between $12.48 and $12.80, which gives a possible trading interval of +/-$0.156 (+/-1.24%) up or down from last closing price. If Pearson Plc takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.96 (2.53%) than the support at $12.19 (3.56%), 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 Pearson Plc stock A Buy?

Pearson 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.

Current score: 0.321 Hold/Accumulate Unchanged

Predicted Opening Price for Pearson Plc of Wednesday, April 24, 2024

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