Peoples Bancorp Inc. Stock Forecast
Peoples Bancorp Inc. stock price up 2.88% on Wednesday
(Updated on Apr 24, 2024)
The Peoples Bancorp Inc. stock price gained 2.88% on the last trading day (Wednesday, 24th Apr 2024), rising from $29.20 to $30.04. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.22% from a day low at $29.18 to a day high of $30.12. The price has risen in 7 of the last 10 days and is up by 9.08% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 145 thousand shares were bought and sold for approximately $4.37 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $29.31, a level that may pose a second chance to hit a runner. According to fan-theory $32.19 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PEBO Signals & Forecast
The Peoples Bancorp Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.32 and $28.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 10.56%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Peoples Bancorp Inc. stock
Peoples Bancorp Inc. finds support from accumulated volume at $29.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.94 (3.22%) between high and low. For the last week, the stock has had daily average volatility of 3.10%.
Since the Peoples Bancorp Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $28.95 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (PEBO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Peoples Bancorp Inc. to open at $29.78, and during the day (based on 14 day Average True Range), to move between $29.33 and $30.75, which gives a possible trading interval of +/-$0.708 (+/-2.36%) up or down from last closing price. If Peoples Bancorp Inc. takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $30.22 (0.60%) than the support at $29.23 (2.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Peoples Bancorp Inc. stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.792 Buy Candidate Unchanged
Predicted Opening Price for Peoples Bancorp Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $29.78 ( 0.87%) | $30.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEBO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.72 | 2.26 % | |
| R2 | 30.36 | 1.07 % | ||
| R1 | 30.14 | 0.330 % | ||
| Current price: | 30.04 | |||
| Support | S1 | 29.42 | -2.06 % | |
| S2 | 29.20 | -2.80 % | ||
| S3 | 28.84 | -3.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.67 | 2.10 % | |
| R2 | 30.41 | 1.23 % | ||
| R1 | 30.22 | 0.599 % | ||
| Current price | 30.04 | |||
| Support | S1 | 29.23 | -2.70% | |
| S2 | 28.47 | -5.23% | ||
| S3 | 27.40 | -8.79% |
PEBO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Feb 02, 2024 | Feb 20, 2024 | $0.390 | 1.35% |
| 2 | Oct 24, 2023 | Nov 03, 2023 | Nov 20, 2023 | $0.390 | 1.31% |
| 3 | Jul 24, 2023 | Aug 04, 2023 | Aug 21, 2023 | $0.390 | 1.48% |
| 4 | Apr 24, 2023 | May 05, 2023 | May 22, 2023 | $0.390 | 1.50% |
| 5 | Jan 23, 2023 | Feb 03, 2023 | Feb 21, 2023 | $0.380 | 1.24% |
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