RSI low/high Values: [ 25 - 75 ]
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AI Analysis of PDCO
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Patterson Companies stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Patterson Companies stock price fell by -0.504% on the last day (Thursday, 28th Mar 2024) from $27.79 to $27.65. During the last trading day the stock fluctuated 1.70% from a day low at $27.62 to a day high of $28.09. The price has fallen in 6 of the last 10 days but is still up by 3.06% over the past 2 weeks. Volume has increased on the last day by 222 thousand 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, 629 thousand shares were bought and sold for approximately $17.38 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $27.88 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.36% during the next 3 months and, with a 90% probability hold a price between $22.98 and $24.99 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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PDCO Signals & Forecast

The Patterson Companies stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $27.37 and $27.65. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, March 27, 2024, and so far it has fallen -0.504%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss for Patterson Companies stock

Patterson Companies finds support from accumulated volume at $27.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.470 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.38%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PDCO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Patterson Companies to open at $27.79, and during the day (based on 14 day Average True Range), to move between $27.08 and $28.22, which gives a possible trading interval of +/-$0.574 (+/-2.07%) up or down from last closing price. If Patterson Companies takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.22 (1.56%) than the resistance at $28.83 (4.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Patterson Companies stock A Buy?

Patterson Companies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.131 Sell Candidate Downgraded

Predicted Opening Price for Patterson Companies of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$27.79 ( 0.494%) $27.65

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

Trading levels for PDCO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.26 2.19 %
R2 28.08 1.54 %
R1 27.97 1.14 %
Current price: 27.65
Support S1 27.61 -0.155 %
S2 27.50 -0.556 %
S3 27.32 -1.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 29.63 7.16 %
R2 28.95 4.70 %
R1 28.83 4.27 %
Current price 27.65
Support S1 27.22 -1.56%
S2 27.09 -2.03%
S3 26.74 -3.29%

PDCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 11, 2024 Apr 18, 2024 May 03, 2024 $0.260 0.94%
2 Dec 06, 2023 Jan 19, 2024 Feb 02, 2024 $0.260 0.87%
3 Dec 05, 2023 Jan 18, 2024 Feb 02, 2024 $0.260 0.87%
4 Sep 12, 2023 Oct 19, 2023 Nov 03, 2023 $0.260 0.84%
5 Jun 13, 2023 Jul 20, 2023 Aug 04, 2023 $0.260 0.781%

FAQ

What is the symbol for Patterson Companies Stock and on which exchange is it traded?
The symbol for Patterson Companies is PDCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Patterson Companies Stock?
Patterson Companies holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Patterson Companies Stock?
Patterson Companies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Patterson Companies Stock.

What's the current price of Patterson Companies Stock?
As of the end of day on the 2024-03-28, the price of an Patterson Companies (PDCO) share was $27.65.

What is the 52-week high and low for Patterson Companies Stock?
The 52-week high for Patterson Companies Stock is $34.53 and the 52-week low is $25.00.

What is the market capitalization of Patterson Companies Stock?
As of the 2024-03-28, the market capitalization of Patterson Companies is 2.477B.

When is the next earnings date for Patterson Companies?
The upcoming earnings date for Patterson Companies is Jun 19, 2024.
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About Patterson Companies

Patterson Companies Patterson Companies, Inc. engages in distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice... PDCO Profile

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