Pilgrim Stock Forecast
Red day on Thursday for Pilgrim stock after losing 0.333%
(Updated on Apr 25, 2024)
The Pilgrim stock price fell by -0.333% on the last day (Thursday, 25th Apr 2024) from $36.00 to $35.88. During the last trading day the stock fluctuated 1.76% from a day low at $35.29 to a day high of $35.91. The price has risen in 6 of the last 10 days but is still down by -0.33% for this period. Volume has increased on the last day by 130 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 531 thousand shares were bought and sold for approximately $19.06 million.
Given the current short-term trend, the stock is expected to rise 36.65% during the next 3 months and, with a 90% probability hold a price between $49.03 and $52.40 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PPC Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.333%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $35.74 and $34.57. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Pilgrim stock
On the downside, the stock finds support just below today's level from accumulated volume at $33.38 and $32.21. 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 $33.38. If this is broken, then the next support from accumulated volume will be at $32.21 and $31.19.
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 $0.621 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: $34.83 (-2.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PPC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Pilgrim to open at $35.69, and during the day (based on 14 day Average True Range), to move between $35.26 and $36.50, which gives a possible trading interval of +/-$0.615 (+/-1.71%) up or down from last closing price. If Pilgrim takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.99 (0.31%) than the support at $33.38 (6.97%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Pilgrim will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.600. We will update the financials statements for Pilgrim, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.58% in the first trading day after earnings release.
Is Pilgrim stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pilgrim stock to perform well in the short-term.
Current score: 3.688 Buy Candidate Unchanged
Predicted Opening Price for Pilgrim of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $35.69 ( 0.522%) | $35.88 |
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 | 36.31 | 1.21 % | |
| R2 | 36.08 | 0.549 % | ||
| R1 | 35.93 | 0.140 % | ||
| Current price: | 35.88 | |||
| Support | S1 | 35.46 | -1.18 % | |
| S2 | 35.31 | -1.59 % | ||
| S3 | 35.07 | -2.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 36.00 | 0.334 % | ||
| R1 | 35.99 | 0.307 % | ||
| Current price | 35.88 | |||
| Support | S1 | 33.38 | -6.97% | |
| S2 | 32.21 | -10.23% | ||
| S3 | 31.19 | -13.07% |
PPC Dividend Payout History
| # | 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
Click here for our free guide on how to buy Pilgrim Stock.
