Pentair (PNR) is currently trading at $87.89 as of March 10, 2025. The stock has entered oversold territory with an RSI of 29.6, suggesting potential buying opportunities. The Fibonacci support levels are at $87.66 and $85.53, while resistance levels are at $94.54 and $96.67. This indicates that the stock is near a potential support zone, which could trigger a bullish reversal.
Pentair has declared a quarterly dividend of $0.25 per share, consistent with previous dividends, with an ex-dividend date of April 18. This dividend yield of 1.05% may attract income-focused investors, providing some support to the stock price.
Based on the oversold condition and proximity to key support levels, PNR is expected to rebound next week. The target price is $94.50, and it is recommended to buy at current levels.
The price of PNR is predicted to go up -2.97%, based on the high correlation periods with ELP. The similarity of these two price pattern on the periods is 98.68%.
PNR
ELP
Pentair is a pure-play water company poised to benefit from demand for sustainable and energy-efficient water solutions.
The pool business continues to deliver solid revenue growth, consistent market share gains, and lucrative operating margins.
Pentair's transformation initiatives have continued to drive strong margin expansion in recent years.
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