Pegasystems Inc. Stock Forecast
Pegasystems Inc. stock price up 0.95% on Monday
(Updated on Apr 22, 2024)
The Pegasystems Inc. stock price gained 0.95% on the last trading day (Monday, 22nd Apr 2024), rising from $57.61 to $58.16. During the last trading day the stock fluctuated 2.87% from a day low at $56.87 to a day high of $58.50. The price has been going up and down for this period, and there has been a -6.16% loss for the last 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 335 thousand shares were bought and sold for approximately $19.47 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 very 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 $57.82 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 20.09% during the next 3 months and, with a 90% probability hold a price between $69.44 and $94.04 at the end of this 3-month period.
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PEGA 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 Pegasystems 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 $58.67 and $62.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -15.47%. 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 Pegasystems Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $50.71 and $49.94. 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, Pegasystems Inc. finds support just below today's level at $50.71. If this is broken, then the next support from accumulated volume will be at $49.94 and $49.76.
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 $1.63 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEGA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Pegasystems Inc. to open at $57.84, and during the day (based on 14 day Average True Range), to move between $56.51 and $59.81, which gives a possible trading interval of +/-$1.65 (+/-2.84%) up or down from last closing price. If Pegasystems Inc. takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $62.10 (6.77%) than the support at $50.71 (12.81%), 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.
Earnings coming up
Pegasystems Inc. will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.490. We will update the financials statements for Pegasystems Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.07% in the first trading day after earnings release.
Is Pegasystems Inc. stock A Buy?
The Pegasystems Inc. stock holds several negative signals and despite the positive trend, we believe Pegasystems Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.024 Sell Candidate Unchanged
Predicted Opening Price for Pegasystems Inc. of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$57.84 ( 0.544%) | $58.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEGA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 59.47 | 2.26 % | |
R2 | 58.85 | 1.19 % | ||
R1 | 58.47 | 0.526 % | ||
Current price: | 58.16 | |||
Support | S1 | 57.22 | -1.62 % | |
S2 | 56.84 | -2.28 % | ||
S3 | 56.21 | -3.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 68.80 | 18.29 % | |
R2 | 64.88 | 11.55 % | ||
R1 | 62.10 | 6.77 % | ||
Current price | 58.16 | |||
Support | S1 | 50.71 | -12.81% | |
S2 | 49.94 | -14.13% | ||
S3 | 49.76 | -14.44% |
PEGA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.0300 | 0.0513% |
2 | Dec 15, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.0300 | 0.0647% |
3 | Sep 15, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.0300 | 0.0721% |
4 | Jun 16, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.0300 | 0.0534% |
5 | Mar 17, 2023 | Mar 31, 2023 | Apr 17, 2023 | $0.0300 | 0.0657% |
FAQ
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