PSMT Price Prediction Next Week
Analysis and Insights
News Sentiment and Insider Activity:
Insider Trading Activity: Jeffrey Fisher, a director at PSMT, sold 200 shares, representing 1.2% of his holdings. This marks the 16th insider sale in the past six months with no purchases, indicating bearish sentiment among insiders.
Ex-Dividend Date Impact: PSMT will trade ex-dividend on February 18, with a dividend of $0.63. Historically, the stock tends to open 0.67% lower on the ex-dividend date.
Technical Indicators:
RSI: The Relative Strength Index (RSI) for PSMT is 46.62, indicating a neutral position but leaning toward bearish momentum.
MACD: The MACD line is below the signal line, suggesting bearish momentum.
Moving Averages: PSMT is trading below its 20-day and 50-day moving averages (90.23 and 91.48), indicating a downtrend.
Fibonacci Levels: Resistance levels at 92.09 and 94.01, with support at 85.87 and 83.95.
Price Action:
Recent Close: PSMT closed at 87.87 on March 10, with a pre-market drop of 1.28%.
Volume: Trading volume of 278,502 shares, indicating moderate selling pressure.
Conclusion:
Based on the bearish technical indicators, insider selling activity, and the ex-dividend effect, PSMT is expected to decline next week. The stock is likely to test the lower Fibonacci support level of 85.87.
Prediction: PSMT stock price is expected to drop to $85.00 by the end of the next trading week.
Recommendation: Sell PSMT at the current price level, targeting $85.00 as the downside.
PSMT Similar Chart Price Prediction
The price of PSMT is predicted to go up 2.72%, based on the high correlation periods with EVO. The similarity of these two price pattern on the periods is 92.35%.
PSMT
EVO
Up: 2.72%Similarity: 92.35%
