PowerSchool Holdings, Inc. Stock Forecast
High volatility in PowerSchool Holdings, Inc. stock price on Wednesday which ended trading at $17.79
(Updated on Apr 17, 2024)
The PowerSchool Holdings, Inc. stock price fell by -9.83% on the last day (Wednesday, 17th Apr 2024) from $19.73 to $17.79. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 12.36% from a day low at $17.43 to a day high of $19.59. The price has fallen in 7 of the last 10 days and is down by -14.47% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $48.57 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.75 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.97% during the next 3 months and, with a 90% probability hold a price between $14.38 and $17.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PWSC Signals & Forecast
There are few to no technical positive signals at the moment. The PowerSchool Holdings, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.21 and $20.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -16.91%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PowerSchool Holdings, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $2.16 between high and low, or 12.36%. For the last week the stock has had daily average volatility of 4.58%.
PowerSchool Holdings, Inc. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PWSC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect PowerSchool Holdings, Inc. to open at $18.27, and during the day (based on 14 day Average True Range), to move between $17.10 and $18.48, which gives a possible trading interval of +/-$0.694 (+/-3.90%) up or down from last closing price. If PowerSchool Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $20.86, some $3.07 (17.26%) from the current price of $17.79, our system finds the risk reward not very attractive.
Is PowerSchool Holdings, Inc. stock A Buy?
PowerSchool Holdings, Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.586 Sell Candidate Unchanged
Predicted Opening Price for PowerSchool Holdings, Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $18.27 ( 2.69%) | $17.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PWSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.42 | 14.80 % | |
| R2 | 19.60 | 10.17 % | ||
| R1 | 19.09 | 7.32 % | ||
| Current price: | 17.79 | |||
| Support | S1 | 17.45 | -1.94 % | |
| S2 | 16.94 | -4.80 % | ||
| S3 | 16.11 | -9.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.90 | 17.48 % | |
| R2 | 20.89 | 17.43 % | ||
| R1 | 20.86 | 17.26 % | ||
| Current price | 17.79 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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