PVH Corp Stock Forecast
Green day on Monday for PVH Corp stock after gaining 2.61%
(Updated on Apr 22, 2024)
The PVH Corp stock price gained 2.61% on the last trading day (Monday, 22nd Apr 2024), rising from $106.78 to $109.57. It has now gained 3 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 last trading day the stock fluctuated 3.36% from a day low at $107.03 to a day high of $110.63. The price has risen in 6 of the last 10 days and is up by 0.22% 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, 213 thousand more shares were traded than the day before. In total, 931 thousand shares were bought and sold for approximately $101.96 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.31% during the next 3 months and, with a 90% probability hold a price between $92.99 and $124.23 at the end of this 3-month period.
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PVH Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 3.87%. 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 PVH Corp 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 $123.30. On a fall, the stock will find some support from the short-term average at $106.85. 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 PVH Corp stock
PVH Corp finds support from accumulated volume at $108.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.60 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PVH) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect PVH Corp to open at $109.08, and during the day (based on 14 day Average True Range), to move between $105.71 and $113.43, which gives a possible trading interval of +/-$3.86 (+/-3.52%) up or down from last closing price. If PVH Corp takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $109.75 (0.16%) than the support at $108.68 (0.81%), 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 PVH Corp stock A Buy?
PVH Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.200 Sell Candidate Unchanged
Predicted Opening Price for PVH Corp of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$109.08 ( 0.450%) | $109.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PVH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 112.68 | 2.84 % | |
R2 | 111.30 | 1.58 % | ||
R1 | 110.45 | 0.80 % | ||
Current price: | 109.57 | |||
Support | S1 | 107.70 | -1.71 % | |
S2 | 106.85 | -2.48 % | ||
S3 | 105.48 | -3.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 132.45 | 20.88 % | |
R2 | 132.00 | 20.47 % | ||
R1 | 109.75 | 0.164 % | ||
Current price | 109.57 | |||
Support | S1 | 108.68 | -0.81% | |
S2 | 106.39 | -2.90% | ||
S3 | 105.49 | -3.72% |
PVH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Mar 06, 2024 | Mar 27, 2024 | $0.0375 | 0.0269% |
2 | Feb 07, 2024 | Mar 05, 2024 | Mar 27, 2024 | $0.0375 | 0.0269% |
3 | Nov 01, 2023 | Nov 28, 2023 | Dec 20, 2023 | $0.0400 | 0.0334% |
4 | Aug 09, 2023 | Sep 05, 2023 | Sep 27, 2023 | $0.0400 | 0.0544% |
5 | May 03, 2023 | Jun 06, 2023 | Jun 28, 2023 | $0.0380 | 0.0459% |
FAQ
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