Pitney Bowes Inc Stock Forecast
Stronger technical forecast for Pitney Bowes Inc stock price after Friday trading.
(Updated on Apr 19, 2024)
The Pitney Bowes Inc stock price fell by -0.99% on the last day (Friday, 19th Apr 2024) from $4.03 to $3.99. During the last trading day the stock fluctuated 3.01% from a day low at $3.98 to a day high of $4.10. The price has fallen in 7 of the last 10 days but is still up by 0.25% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -560 thousand shares and in total, 777 thousand shares were bought and sold for approximately $3.10 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pitney Bowes Inc stock with a 90% probability to be traded between $3.73 and $4.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PBI Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.53%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pitney Bowes 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 $4.03 and $4.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Pitney Bowes Inc stock
Pitney Bowes Inc finds support from accumulated volume at $3.93 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 $0.120 between high and low, or 3.01%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: $3.77 (-5.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (PBI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Pitney Bowes Inc to open at $4.02, and during the day (based on 14 day Average True Range), to move between $3.81 and $4.17, which gives a possible trading interval of +/-$0.179 (+/-4.48%) up or down from last closing price. If Pitney Bowes Inc takes out the full calculated possible swing range there will be an estimated 8.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.93 (1.50%) than the resistance at $4.06 (1.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pitney Bowes Inc stock A Buy?
Pitney Bowes Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Sell to a Hold/Accumulate candidate.
Current score: -0.136 Hold/Accumulate Upgraded
Predicted Opening Price for Pitney Bowes Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.02 ( 0.83%) | $3.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PBI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.14 | 3.84 % | |
| R2 | 4.10 | 2.69 % | ||
| R1 | 4.07 | 1.98 % | ||
| Current price: | 3.99 | |||
| Support | S1 | 3.98 | -0.313 % | |
| S2 | 3.95 | -1.02 % | ||
| S3 | 3.90 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.11 | 3.01 % | |
| R2 | 4.07 | 2.01 % | ||
| R1 | 4.06 | 1.75 % | ||
| Current price | 3.99 | |||
| Support | S1 | 3.93 | -1.50% | |
| S2 | 3.92 | -1.75% | ||
| S3 | 3.74 | -6.27% |
PBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 14, 2024 | $0.0500 | 1.23% |
| 2 | Nov 02, 2023 | Nov 14, 2023 | Dec 06, 2023 | $0.0500 | 1.20% |
| 3 | Aug 03, 2023 | Aug 21, 2023 | Sep 08, 2023 | $0.0500 | 1.74% |
| 4 | May 04, 2023 | May 22, 2023 | Jun 08, 2023 | $0.0500 | 1.35% |
| 5 | Feb 06, 2023 | Feb 16, 2023 | Mar 14, 2023 | $0.0500 | 1.33% |
FAQ
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