Director Stock Sale: Pinnacle Financial's director David Ingram sold 47.1K shares of common stock on February 6th for a total of $5.95 million. This insider selling activity may indicate a lack of confidence in the stock's short-term prospects.
ETF Analysis: The First Trust Nasdaq BuyWrite Income ETF (FTQI) has Pinnacle Financial Partners Inc. (PNFP) as one of its notable holdings, with an analyst target price of $133.20, representing an 11.14% upside from its recent price of $119.85.
RSI Analysis: PNFP's RSI_6 is at 24.55, indicating the stock is oversold and potentially due for a rebound.
MACD Analysis: The MACD is currently at -3.52, showing bearish momentum, but the oversold RSI suggests a potential reversal.
Fibonacci Levels: The Fibonacci pivot point is at 110.13, with resistance levels at 115.20 and 118.33, and support at 101.93.
Based on the oversold RSI and potential rebound, PNFP is expected to rise to $118 in the next trading week.
Buy PNFP at its current price of $105.37, targeting $118 as the next resistance level.
The price of PNFP is predicted to go up -2.11%, based on the high correlation periods with FNB. The similarity of these two price pattern on the periods is 98.77%.
PNFP
FNB
Wells Fargo
2025-01-23
Price Target
$120 → $125
Upside
+2.17%
JP Morgan
2025-01-07
Price Target
$140 → $138
Upside
+20.87%
Citigroup
2024-12-31
Price Target
$123 → $132
Upside
+15.39%