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Takip Edin: @UscMarketsPEN Stock Forecast & Penumbra Chart Analysis
This article provides a detailed analysis of PEN-Penumbra stock including a forecast for PEN shares. It features Penumbra, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
PEN Historical Data Review
PEN Current Price Performance Analysis
The Penumbra - PEN stock traded on the American stock market, on 06-05-2024, closed at 193.29$ with a %1.27 increased compared to the previous day.
In the last month, the price of PEN changed by %-8.66 decreased in value, from 211.62 dollars on 05-06-2024 to 193.29 dollars, decreased.
Last year, the price of PEN was 322.37 dollars on 06-06-2023, and changed by %-40.04 decreased in value, to 193.29 dollars decreased within a year.
The price of Penumbra stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
PEN with AI Stock Forecast & Price Target
On the PEN chart Penumbra price was recorded as 193.29 Dollars on 06/05/2024.
The artificial intelligence's forecast on PEN stock is as follows.
The artificial intelligence's prediction error margin for PEN stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Penumbra stock over the next 4 months is: 183.1 Dollars.
The commentary on PEN stock Target Price: Highest: 212.242 Dollars is predicted.
The commentary on PEN stock Target Price: Lowest: 119.598 Dollars is predicted.
Resistance Price where Penumbra stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 211.449 |
| 08-14-2024 | 205.534 |
| 09-03-2024 | 202.154 |
| 09-23-2024 | 200.160 |
| 11-27-2024 | 202.836 |
| 02-20-2025 | 161.032 |
Support Price where Penumbra stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 211.058 |
| 08-09-2024 | 205.508 |
| 08-29-2024 | 202.113 |
| 09-18-2024 | 199.816 |
| 10-28-2024 | 193.434 |
| 01-31-2025 | 155.939 |
| 04-11-2025 | 119.598 |
The commentary on PEN stock: The target price can generally be said to be on the decline.
The commentary on PEN stock: Fluctuations in the target price can be expected in the coming days.
The target price for Penumbra stock by the end of 2024 is predicted to be 179.128 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on PEN stock, and the 2024 target price predictions for Penumbra are detailed above.
The technical analysis and charts for the commentary on PEN stock are below.
PEN Support & Resistance and Trend Analysis
PEN stock you have reviewed the technical analysis support resistance charts regarding.
PEN : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the PEN review, the Penumbra support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Penumbra Support and Resistance Prices:
| PEN Support Level Price | PEN Resistance Level Price |
|---|---|
| 180.93 | 195.40 |
| 185.12 | 220.41 |
| 190.58 | 226.27 |
| 196.23 | 228.43 |
| 199.38 | 236.49 |
| 209.45 | 261.44 |
| 217.12 | 262.77 |
| 224.02 | 266.34 |
| 225.85 | 277.34 |
| 241.87 |
PEN Technical Analysis: SMA, RSI, MACD
Upon reviewing the PEN chart, buy and sell signals have been generated in the Penumbra technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for PEN stock are as follows:- PEN technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Penumbra gave a 'Buy' signal when the RSI was at 26.239, with the current RSI value at 33.592.
- The technical analysis for Penumbra indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Penumbra stock: Click here to read more predictions on Northern Star Resources stock.
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