Prestige Brand Holdings Inc Stock Forecast
Prestige Brand Holdings Inc stock price ended at $68.35 on Thursday, after gaining 0.470%.
(Updated on Apr 18, 2024)
The Prestige Brand Holdings Inc stock price gained 0.470% on the last trading day (Thursday, 18th Apr 2024), rising from $68.03 to $68.35. During the last trading day the stock fluctuated 1.31% from a day low at $67.93 to a day high of $68.82. The price has fallen in 7 of the last 10 days and is down by -2.05% for this period. Volume fell on the last day by -2 thousand shares and in total, 165 thousand shares were bought and sold for approximately $11.28 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $68.18 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.10% during the next 3 months and, with a 90% probability hold a price between $77.11 and $89.06 at the end of this 3-month period.
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PBH Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Prestige Brand 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 $68.42 and $71.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -8.95%. 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).
Support, Risk & Stop-loss for Prestige Brand Holdings Inc stock
Prestige Brand Holdings Inc finds support from accumulated volume at $67.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.89 between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 1.46%.
Prestige Brand Holdings Inc is oversold on RSI14 (21). 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 (PBH) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Prestige Brand Holdings Inc to open at $68.37, and during the day (based on 14 day Average True Range), to move between $67.14 and $69.56, which gives a possible trading interval of +/-$1.21 (+/-1.77%) up or down from last closing price. If Prestige Brand Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $67.95 (0.59%) than the resistance at $68.80 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Prestige Brand Holdings Inc stock A Buy?
The Prestige Brand Holdings Inc stock holds several negative signals and despite the positive trend, we believe Prestige Brand Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.540 Sell Candidate Unchanged
Predicted Opening Price for Prestige Brand Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $68.37 ( 0.0244%) | $68.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.26 | 1.33 % | |
| R2 | 68.92 | 0.83 % | ||
| R1 | 68.71 | 0.522 % | ||
| Current price: | 68.35 | |||
| Support | S1 | 68.03 | -0.473 % | |
| S2 | 67.82 | -0.780 % | ||
| S3 | 67.48 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.67 | 9.25 % | |
| R2 | 74.15 | 8.49 % | ||
| R1 | 68.80 | 0.658 % | ||
| Current price | 68.35 | |||
| Support | S1 | 67.95 | -0.585% | |
| S2 | 67.70 | -0.95% | ||
| S3 | 61.12 | -10.58% |
PBH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2018 | Sep 27, 2018 | Sep 27, 2018 | $0.475 | 1.25% |
FAQ
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