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 PSMT
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PriceSmart stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.85% PDF

The PriceSmart stock price gained 0.85% on the last trading day (Thursday, 28th Mar 2024), rising from $83.29 to $84.00. During the last trading day the stock fluctuated 1.00% from a day low at $83.47 to a day high of $84.31. The price has risen in 6 of the last 10 days and is up by 3.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 128 thousand shares were bought and sold for approximately $10.78 million.

The stock lies in the middle of a 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 13.00% during the next 3 months and, with a 90% probability hold a price between $91.78 and $98.80 at the end of this 3-month period.

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PSMT Signals & Forecast

The PriceSmart 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 $82.36 and $81.92. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -0.166%. 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).

Support, Risk & Stop-loss for PriceSmart stock

PriceSmart finds support from accumulated volume at $80.67 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 $0.84 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.48%.

Our recommended stop-loss: $80.74 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (PSMT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PriceSmart to open at $83.93, and during the day (based on 14 day Average True Range), to move between $82.58 and $85.42, which gives a possible trading interval of +/-$1.42 (+/-1.69%) up or down from last closing price. If PriceSmart takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $84.10 (0.12%) than the support at $80.67 (3.96%), 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.

Is PriceSmart stock A Buy?

PriceSmart holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.150 Strong Buy Candidate Upgraded

Predicted Opening Price for PriceSmart of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$83.93 ( 0.0893%) $84.00

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

Trading levels for PSMT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 84.76 0.90 %
R2 84.44 0.525 %
R1 84.24 0.290 %
Current price: 84.00
Support S1 83.61 -0.469 %
S2 83.41 -0.704 %
S3 83.09 -1.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 84.14 0.167 %
R1 84.10 0.119 %
Current price 84.00
Support S1 80.67 -3.96%
S2 77.42 -7.83%
S3 76.52 -8.90%

PSMT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Aug 15, 2024 Aug 30, 2024 $0.580 0.690%
2 Feb 05, 2024 Aug 14, 2024 Aug 30, 2024 $0.580 0.690%
3 Feb 01, 2024 Feb 14, 2024 Feb 29, 2024 $0.580 0.689%
4 Feb 03, 2023 Aug 14, 2023 Aug 31, 2023 $0.460 0.579%
5 Feb 03, 2023 Feb 15, 2023 Feb 28, 2023 $0.460 0.660%

FAQ

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

Should I buy or sell PriceSmart Stock?
PriceSmart holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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

What's the current price of PriceSmart Stock?
As of the end of day on the 2024-03-28, the price of an PriceSmart (PSMT) share was $84.00.

What is the 52-week high and low for PriceSmart Stock?
The 52-week high for PriceSmart Stock is $84.93 and the 52-week low is $61.96.

What is the market capitalization of PriceSmart Stock?
As of the 2024-03-28, the market capitalization of PriceSmart is 2.563B.

When is the next earnings date for PriceSmart?
The upcoming earnings date for PriceSmart is Apr 08, 2024.
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About PriceSmart

PriceSmart PriceSmart, Inc. owns and operates U.S. style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products, essential goods, fresh produce, prepared foods, and fresh-baked goods, as well as provides services, such as optical, tire center, and other ancillary services. The company also operates Click & Go, an e-commerce platform for o... PSMT Profile

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