PennyMac Financial Services Inc Forecast and Stock Analysis
Technical PFSI stock analysis for April 24, 2019.
|Shorts||2.67% ( 2019-03-29 )|
PennyMac Financial Services Inc fell by -0.09% in the last day from $22.43 to $22.41 The price has fallen in 6 of the last 10 days and is down by -0.49% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -35 084 shares and in total 113 843 shares bought and sold for approximately $2.55 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the PFSI stock was $22.41. This is 0.09% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.55% from a day low at $22.26 to a day high of $22.60.
30 day high of the PFSI stock price was $23.10 and low was $20.94.
90 day high was $24.50 and low was $20.22.
52 week high for the PennyMac Financial Services Inc - $24.50 and low - $18.77.
PennyMac Financial Services Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.84% during the next 3 months and, with 90% probability hold a price between $21.84 and $26.00 at the end of this period.
There are mixed signals in the stock today. PennyMac Financial Services Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $22.52 and $22.42. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
PennyMac Financial Services Inc finds support from accumulated volume at $22.40.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.35 (1.55%) between high and low. For the last week, the stock has had a daily average volatility of 1.47%.
Our recommended stoploss: $21.09 (-5.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
PennyMac Financial Services Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|PFSI $22.41 ($-0.02 -0.09%)|
PFSI is down $0.02 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for PFSI based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the PFSI analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us