Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PPC
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Green day on Wednesday for Pilgrim
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 12, 2024 Gain 23.40% PDF

The Pilgrim stock price gained 0.82% on the last trading day (Wednesday, 27th Mar 2024), rising from $34.31 to $34.59. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.84% from a day low at $34.38 to a day high of $34.67. The price has risen in 7 of the last 10 days and is up by 4.88% over the past 2 weeks. Volume fell on the last day by -63 thousand shares and in total, 332 thousand shares were bought and sold for approximately $11.50 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 lies in the middle of a wide and strong 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 26.11% during the next 3 months and, with a 90% probability hold a price between $39.27 and $44.81 at the end of this 3-month period.

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PPC Signals & Forecast

The Pilgrim stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $34.01 and $31.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 06, 2024, and so far it has risen 28.49%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Pilgrim stock

On the downside, the stock finds support just below today's level from accumulated volume at $32.21 and $31.19. There is a 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, Pilgrim finds support just below today's level at $32.21. If this is broken, then the next support from accumulated volume will be at $31.19 and $28.00.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (0.84%) between high and low. For the last week, the stock has had daily average volatility of 0.87%.

Our recommended stop-loss: $33.59 (-2.90%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (PPC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Pilgrim to open at $34.55, and during the day (based on 14 day Average True Range), to move between $34.02 and $35.16, which gives a possible trading interval of +/-$0.568 (+/-1.64%) up or down from last closing price. If Pilgrim takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $32.21, some $2.38 (6.88%) from the current price of $34.59, our system finds the risk reward attractive.

Is Pilgrim stock A Buy?

Pilgrim holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Pilgrim of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$34.55 ( 0.125%) $34.59

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PPC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.84 0.713 %
R2 34.73 0.393 %
R1 34.66 0.195 %
Current price: 34.59
Support S1 34.44 -0.446 %
S2 34.37 -0.643 %
S3 34.26 -0.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 34.59
Support S1 32.21 -6.88%
S2 31.19 -9.83%
S3 28.00 -19.05%

PPC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 27, 2016 May 06, 2016 May 18, 2016 $2.75 11.03%
2 Jan 14, 2015 Jan 28, 2015 Feb 17, 2015 $5.77 21.04%
3 Sep 10, 2008 Sep 10, 2008 Sep 26, 2008 $0.0230 0.648%
4 Jun 11, 2008 Jun 11, 2008 Jun 27, 2008 $0.0230 0.169%
5 Mar 12, 2008 Mar 12, 2008 Mar 28, 2008 $0.0230 0.112%

FAQ

What is the symbol for Pilgrim Stock and on which exchange is it traded?
The symbol for Pilgrim is PPC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Pilgrim Stock?
Pilgrim holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Pilgrim Stock?
Pilgrim Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Pilgrim Stock.

What's the current price of Pilgrim Stock?
As of the end of day on the 2024-03-27, the price of an Pilgrim (PPC) share was $34.59.

What is the 52-week high and low for Pilgrim Stock?
The 52-week high for Pilgrim Stock is $34.67 and the 52-week low is $19.96.

What is the market capitalization of Pilgrim Stock?
As of the 2024-03-27, the market capitalization of Pilgrim is 8.191B.

When is the next earnings date for Pilgrim?
The upcoming earnings date for Pilgrim is Apr 24, 2024.
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About Pilgrim

Pilgrim Pilgrim's Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken, and pork products to retailers, distributors, and foodservice operators in the United States, the United Kingdom, Mexico, the Middle East, Asia, Continental Europe, and internationally. The company offers fresh products, including pre-marinated or non-marinated chicken, frozen whole chickens, breast fillets, mini... PPC Profile

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