PJT Partners Inc Stock Forecast
Weaker technical forecast for PJT Partners Inc as stock downgraded to Sell Candidate.
(Updated on Apr 17, 2024)
The PJT Partners Inc stock price gained 0.0760% on the last trading day (Wednesday, 17th Apr 2024), rising from $92.15 to $92.22. During the last trading day the stock fluctuated 1.65% from a day low at $92.08 to a day high of $93.60. The price has been going up and down for this period, and there has been a -2.13% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 158 thousand shares were bought and sold for approximately $14.62 million.
The stock lies in the middle of a 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 -5.08% during the next 3 months and, with a 90% probability hold a price between $84.93 and $97.27 at the end of this 3-month period.
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PJT Signals & Forecast
There are mixed signals in the stock today. The PJT Partners 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 $94.18 and $96.71. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.55%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for PJT Partners Inc stock
PJT Partners Inc finds support from accumulated volume at $92.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.52 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PJT) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect PJT Partners Inc to open at $92.63, and during the day (based on 14 day Average True Range), to move between $90.11 and $94.33, which gives a possible trading interval of +/-$2.11 (+/-2.29%) up or down from last closing price. If PJT Partners Inc takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $92.16 (0.07%) than the resistance at $94.06 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PJT Partners Inc stock A Buy?
PJT Partners Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.024 Sell Candidate Downgraded
Predicted Opening Price for PJT Partners Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $92.63 ( 0.448%) | $92.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PJT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.15 | 2.10 % | |
| R2 | 93.57 | 1.47 % | ||
| R1 | 93.21 | 1.08 % | ||
| Current price: | 92.22 | |||
| Support | S1 | 92.05 | -0.181 % | |
| S2 | 91.69 | -0.570 % | ||
| S3 | 91.11 | -1.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 101.69 | 10.27 % | |
| R2 | 95.89 | 3.98 % | ||
| R1 | 94.06 | 2.00 % | ||
| Current price | 92.22 | |||
| Support | S1 | 92.16 | -0.0651% | |
| S2 | 92.15 | -0.0759% | ||
| S3 | 90.81 | -1.53% |
PJT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Mar 05, 2024 | Mar 20, 2024 | $0.250 | 0.263% |
| 2 | Oct 31, 2023 | Dec 05, 2023 | Dec 20, 2023 | $0.250 | 0.255% |
| 3 | Jul 25, 2023 | Sep 05, 2023 | Sep 20, 2023 | $0.250 | 0.315% |
| 4 | May 02, 2023 | Jun 06, 2023 | Jun 21, 2023 | $0.250 | 0.348% |
| 5 | Feb 07, 2023 | Mar 07, 2023 | Mar 22, 2023 | $0.250 | 0.337% |
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