Perion Network Ltd Stock Forecast
Red day on Tuesday for Perion Network Ltd stock after losing 1.17%
(Updated on May 07, 2024)
The Perion Network Ltd stock price fell by -1.17% on the last day (Tuesday, 7th May 2024) from $12.86 to $12.71. During the last trading day the stock fluctuated 2.81% from a day low at $12.61 to a day high of $12.96. The price has risen in 7 of the last 10 days and is up by 11.98% over the past 2 weeks. Volume has increased on the last day by 101 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, 627 thousand shares were bought and sold for approximately $7.97 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -47.99% during the next 3 months and, with a 90% probability hold a price between $4.27 and $8.30 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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PERI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 16.93%. Further rise is indicated until a new top pivot has been found. 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. The Perion Network Ltd 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 $12.72 and $15.85. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Perion Network Ltd stock
Perion Network Ltd finds support from accumulated volume at $12.50 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 $0.354 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PERI) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Perion Network Ltd to open at $12.76, and during the day (based on 14 day Average True Range), to move between $12.08 and $13.34, which gives a possible trading interval of +/-$0.631 (+/-4.96%) up or down from last closing price. If Perion Network Ltd takes out the full calculated possible swing range there will be an estimated 9.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.73 (0.16%) than the support at $12.50 (1.65%), 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
Perion Network Ltd will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.440. We will update the financials statements for Perion Network Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.52% in the first trading day after earnings release.
Is Perion Network Ltd stock A Buy?
Perion Network Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.520 Sell Candidate Unchanged
Predicted Opening Price for Perion Network Ltd of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $12.76 ( 0.397%) | $12.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PERI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.11 | 3.18 % | |
| R2 | 12.98 | 2.12 % | ||
| R1 | 12.90 | 1.46 % | ||
| Current price: | 12.71 | |||
| Support | S1 | 12.63 | -0.667 % | |
| S2 | 12.54 | -1.32 % | ||
| S3 | 12.41 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.18 | 3.70 % | |
| R2 | 13.10 | 3.07 % | ||
| R1 | 12.73 | 0.157 % | ||
| Current price | 12.71 | |||
| Support | S1 | 12.50 | -1.65% | |
| S2 | 11.89 | -6.45% | ||
| S3 | 11.74 | -7.63% |
PERI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 09, 2011 | Mar 23, 2011 | Aug 27, 2018 | $1.20 | 33.24% |
| 2 | Sep 02, 2010 | Sep 16, 2010 | Oct 05, 2010 | $1.35 | 7.60% |
| 3 | Apr 14, 2010 | Apr 23, 2010 | May 11, 2010 | $1.29 | 7.08% |
| 4 | Dec 10, 2009 | Dec 17, 2009 | Dec 30, 2009 | $1.20 | 4.15% |
| 5 | Mar 25, 2009 | Jul 09, 2009 | Jul 28, 2009 | $1.50 | 7.31% |
FAQ
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