Perella Weinberg Partners Stock Forecast
Perella Weinberg Partners stock price ended at $15.15 on Thursday, after gaining 0.0661%.
(Updated on Apr 18, 2024)
The Perella Weinberg Partners stock price gained 0.0661% on the last trading day (Thursday, 18th Apr 2024), rising from $15.14 to $15.15. During the last trading day the stock fluctuated 1.79% from a day low at $15.08 to a day high of $15.35. The price has risen in 6 of the last 10 days and is up by 2.36% 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, 18 thousand more shares were traded than the day before. In total, 181 thousand shares were bought and sold for approximately $2.74 million.
The stock lies in the middle of a wide 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 32.86% during the next 3 months and, with a 90% probability hold a price between $19.61 and $21.75 at the end of this 3-month period.
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PWP Signals & Forecast
The Perella Weinberg Partners stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $15.32. On a fall, the stock will find some support from the long-term average at approximately $14.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, April 09, 2024, and so far it has fallen -4.78%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Perella Weinberg Partners stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.49 and $13.30. 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, Perella Weinberg Partners finds support just below today's level at $13.49. If this is broken, then the next support from accumulated volume will be at $13.30 and $12.49.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.270 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: $14.41 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (PWP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Perella Weinberg Partners to open at $15.19, and during the day (based on 14 day Average True Range), to move between $14.71 and $15.59, which gives a possible trading interval of +/-$0.436 (+/-2.88%) up or down from last closing price. If Perella Weinberg Partners takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.59 (2.90%) than the support at $13.49 (10.96%), 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 Perella Weinberg Partners 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 Perella Weinberg Partners stock to perform well in the short-term.
Current score: 1.254 Buy Candidate Unchanged
Predicted Opening Price for Perella Weinberg Partners of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$15.19 ( 0.286%) | $15.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PWP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.46 | 2.07 % | |
R2 | 15.36 | 1.39 % | ||
R1 | 15.30 | 0.97 % | ||
Current price: | 15.15 | |||
Support | S1 | 15.09 | -0.395 % | |
S2 | 15.03 | -0.82 % | ||
S3 | 14.92 | -1.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.91 | 5.02 % | |
R2 | 15.65 | 3.30 % | ||
R1 | 15.59 | 2.90 % | ||
Current price | 15.15 | |||
Support | S1 | 13.49 | -10.96% | |
S2 | 13.30 | -12.21% | ||
S3 | 12.49 | -17.56% |
PWP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Feb 27, 2024 | Mar 11, 2024 | $0.0700 | 0.526% |
2 | Nov 07, 2023 | Nov 22, 2023 | Dec 08, 2023 | $0.0700 | 0.578% |
3 | Aug 03, 2023 | Aug 31, 2023 | Sep 12, 2023 | $0.0700 | 0.657% |
4 | May 04, 2023 | May 25, 2023 | Jun 09, 2023 | $0.0700 | 0.86% |
5 | Feb 09, 2023 | Feb 27, 2023 | Mar 10, 2023 | $0.0700 | 0.763% |
FAQ
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