Is pfs likely to go up today?
7/25/2024 06:12pm
**Provident Financial Services (PFS) is not likely to experience a significant upward movement in its stock price today.** Here's the analysis to support this conclusion:
1. **Technical Indicators Suggest Limited Upward Potential**:
- The **RSI** is at 75.2, which is considered **overbought** territory and suggests that the stock may be due for a pullback.
- The **MACD** is at 0.55, which does not indicate a strong upward momentum.
- The **KDJ** is at 82.04, which is close to the overbought threshold of 80 and does not point to a strong bullish signal.
|Ticker|Name|RSI|MACD|KDJ|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|PFS.N|Provident Financial|75.1952|0.5450|82.0425|20240724|PFS|169|
2. **Recent Analyst Actions and Price Target Setbacks**:
- Analysts from Royal Bank of Canada and Keefe, Bruyette & Woods have **lowered** their price targets for PFS, which could weigh on investor sentiment.
- The average **price target** for PFS is $18, with some analysts setting targets as low as $16.
3. **Support and Resistance Levels**:
- The current **support level** is at $17.99, which could act as a floor, but the **resistance level** at $18.5 may pose a hurdle to significant upward movement.
|Ticker|Name|Support Level|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|---|
|PFS.N|Provident Financial|17.9900|18.5000|20240724|PFS|169|
4. **Moving Averages and Trend Reversal**:
- The **5-day moving average** is $17.91, and the **10-day moving average** is $17.39, indicating a slight uptrend, but these averages are not strong enough to guarantee a continued upward trend.
|Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|PFS.N|Provident Financial|17.9060|17.3900|20240724|PFS|169|
5. **Market Sentiment and Recent Performance**:
- The stock has seen a recent **dividend yield** of 5.25%, which is attractive, but it may not be enough to drive a significant stock price increase on its own.
- The **net fund flow** is positive at $232,713.67, which suggests some investor interest, but it is not a guarantee of future price increases.
In conclusion, while PFS has some positive indicators, such as a recent dividend yield and positive net fund flow, the technical indicators and analyst actions suggest that the stock may not have significant upward momentum today.