RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WOOF
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Volatile ride for Petco Health and Wellness Company, Inc. stock price on Wednesday moving between $1.92 and $2.23
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Petco Health and Wellness Company, Inc. stock price gained 16.49% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.88 to $2.19. During the last trading day the stock fluctuated 16.45% from a day low at $1.92 to a day high of $2.23. The price has fallen in 5 of the last 10 days and is down by -13.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately $20.04 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 -24.57% during the next 3 months and, with a 90% probability hold a price between $1.41 and $1.89 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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WOOF Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 16.49%. 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 Petco Health and Wellness Company, Inc. 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 $2.43. On a fall, the stock will find some support from the short-term average at $1.99. 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 Petco Health and Wellness Company, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.06 and $1.98. 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, Petco Health and Wellness Company, Inc. finds support just below today's level at $2.06. If this is broken, then the next support from accumulated volume will be at $1.98 and $1.93.

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 $0.315 between high and low, or 16.45%. For the last week, the stock has had daily average volatility of 7.68%.

Our recommended stop-loss: $2.10 (-4.28%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (WOOF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Petco Health and Wellness Company, Inc. to open at $2.11, and during the day (based on 14 day Average True Range), to move between $2.02 and $2.36, which gives a possible trading interval of +/-$0.172 (+/-7.84%) up or down from last closing price. If Petco Health and Wellness Company, Inc. takes out the full calculated possible swing range there will be an estimated 15.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.06 (5.94%) than the resistance at $2.48 (13.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Petco Health and Wellness Company, Inc. stock A Buy?

Petco Health and Wellness Company, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

Current score: -0.724 Hold/Accumulate Upgraded

Predicted Opening Price for Petco Health and Wellness Company, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.11 ( 3.58%) $2.19

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

Trading levels for WOOF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.43 10.81 %
R2 2.31 5.31 %
R1 2.23 1.92 %
Current price: 2.19
Support S1 1.99 -9.07 %
S2 1.92 -12.47 %
S3 1.80 -17.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.55 16.44 %
R2 2.52 15.07 %
R1 2.48 13.24 %
Current price 2.19
Support S1 2.06 -5.94%
S2 1.98 -9.59%
S3 1.93 -11.87%

FAQ

What is the symbol for Petco Health and Wellness Company, Inc. Stock and on which exchange is it traded?
The symbol for Petco Health and Wellness Company, Inc. is WOOF and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Petco Health and Wellness Company, Inc. Stock?
Petco Health and Wellness Company, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.

How to buy Petco Health and Wellness Company, Inc. Stock?
Petco Health and Wellness Company, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Petco Health and Wellness Company, Inc. Stock.

What's the current price of Petco Health and Wellness Company, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Petco Health and Wellness Company, Inc. (WOOF) share was $2.19.

What is the 52-week high and low for Petco Health and Wellness Company, Inc. Stock?
The 52-week high for Petco Health and Wellness Company, Inc. Stock is $10.76 and the 52-week low is $1.87.

What is the market capitalization of Petco Health and Wellness Company, Inc. Stock?
As of the 2024-03-27, the market capitalization of Petco Health and Wellness Company, Inc. is 588.01M.

When is the next earnings date for Petco Health and Wellness Company, Inc.?
The upcoming earnings date for Petco Health and Wellness Company, Inc. is May 22, 2024.
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About Petco Health and Wellness Company, Inc.

Petco Health and Wellness Company. Petco Health and Wellness Company, Inc., a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics. It also offers pet consumables, supplies, and services through its petco.com, petcoach.co, petinsurancequotes.com, and ... WOOF Profile

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