PulteGroup Inc Forecast and Stock Analysis
Technical PHM stock analysis for March 18, 2019.
|Shorts||3.49% ( 2019-02-28 )|
PulteGroup Inc fell by -0.74% in the last day from $26.87 to $26.67 and has now fallen 6 days in a row. The price has fallen in 7 of the last 10 days and is down by -3.65% for this period. Volume has increased in the last day by 0.37 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 4.77 million shares bought and sold for approximately $127.21 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the PHM stock was $26.67. This is 0.74% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 1.65% from a day low at $26.59 to a day high of $27.03.
30 day high of the PHM stock price was $28.34 and low was $26.34.
90 day high was $29.19 and low was $24.45.
52 week high for the PulteGroup Inc - $33.04 and low - $20.64.
PulteGroup 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 3.37% during the next 3 months and, with 90% probability hold a price between $26.46 and $30.71 at the end of this period.
There are few to none technical positive signals at the moment. PulteGroup Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $27.42 and $27.21. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday March 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
PulteGroup Inc finds support from accumulated volume at $26.59.
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 $0.44 (1.65%) between high and low. For the last week, the stock has had a daily average volatility of 2.19%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The PulteGroup Inc stock holds several negative signals and despite the positive trend we believe PulteGroup Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.