Pool Corporation Stock Forecast
Green day on Monday for Pool Corporation
(Updated on Apr 22, 2024)
The Pool Corporation stock price gained 1.32% on the last trading day (Monday, 22nd Apr 2024), rising from $361.13 to $365.88. During the last trading day the stock fluctuated 2.02% from a day low at $361.58 to a day high of $368.89. The price has fallen in 7 of the last 10 days and is down by -7.8% for this period. Volume fell on the last day by -19 thousand shares and in total, 292 thousand shares were bought and sold for approximately $106.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $361.23 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Pool Corporation stock with a 90% probability to be traded between $366.87 and $427.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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POOL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.32%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pool Corporation 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 $368.26 and $395.49. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pool Corporation stock
Pool Corporation finds support from accumulated volume at $364.15 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 $7.31 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (POOL) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Pool Corporation to open at $365.45, and during the day (based on 14 day Average True Range), to move between $356.92 and $374.84, which gives a possible trading interval of +/-$8.96 (+/-2.45%) up or down from last closing price. If Pool Corporation takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $364.15 (0.47%) than the resistance at $379.08 (3.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Pool Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.86. We will update the financials statements for Pool Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.82% in the first trading day after earnings release.
Is Pool Corporation stock A Buy?
Pool Corporation holds several negative signals and is within a 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: -1.684 Sell Candidate Unchanged
Predicted Opening Price for Pool Corporation of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $365.45 ( 0.118%) | $365.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for POOL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 372.76 | 1.88 % | |
| R2 | 369.97 | 1.12 % | ||
| R1 | 368.24 | 0.646 % | ||
| Current price: | 365.88 | |||
| Support | S1 | 362.66 | -0.88 % | |
| S2 | 360.93 | -1.35 % | ||
| S3 | 358.14 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 403.50 | 10.28 % | |
| R2 | 389.10 | 6.35 % | ||
| R1 | 379.08 | 3.61 % | ||
| Current price | 365.88 | |||
| Support | S1 | 364.15 | -0.473% | |
| S2 | 362.91 | -0.81% | ||
| S3 | 361.13 | -1.30% |
POOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 13, 2024 | Mar 28, 2024 | $1.10 | 0.273% |
| 2 | Oct 25, 2023 | Nov 07, 2023 | Nov 22, 2023 | $1.10 | 0.309% |
| 3 | Jul 26, 2023 | Aug 09, 2023 | Aug 24, 2023 | $1.10 | 0.312% |
| 4 | May 04, 2023 | May 16, 2023 | May 31, 2023 | $1.10 | 0.348% |
| 5 | Feb 24, 2023 | Mar 14, 2023 | Mar 29, 2023 | $1.00 | 0.296% |
FAQ
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