PFSI Forecast and Technical Stock Analysis
Buy candidate since 2019-08-20
No changes to the price of PennyMac Financial Services Inc in the last trading day ( Tuesday, 20th Aug 2019 ). During the day the stock fluctuated 2.01% from a day low at $27.41 to a day high of $27.96. The price has risen in 5 of the last 10 days and is up by 5.71% over the past 2 weeks.
- 30 day high of the PFSI stock price was $27.96 and low was $23.03.
- 90 day high was $27.96 and low was $20.36.
- 52 week high for PennyMac Financial Services Inc - $27.96 and low - $18.77.
PennyMac Financial Services Inc lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $27.67 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 24.76% during the next 3 months and, with 90% probability hold a price between $30.88 and $34.52 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Monday August 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days. PennyMac Financial Services Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $26.84 and $24.56. A break down below any of these levels will issue sell signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 89 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $25.29 and $22.18.
There is 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, PennyMac Financial Services Inc finds support just below today's level at $25.29. If this is broken, then the next support from accumulated volume will be at $22.18 and $22.08.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.55 between high and low, or 2.01%. For the last week, the stock has had a daily average volatility of 2.05%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $26.52 (-3.83%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from pivot top found 1 day(s) ago.)
2.05 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|PFSI $27.58 ($0.00 0.00%)|
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