Pultegroup, Inc. | PHM

Daily Technical Analysis of Pultegroup, Inc.

Pultegroup is up a bit on the day, funds flowing in kept the price up 1.25% since yesterday. It looks like PHM may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line PHM is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through this line in which case there might be a burst of selling on the other side. Pultegroup hasn't been treated too well by the market over the last few months and has seen a lot of selling continue to drive price down. It might get a little bounce here and that may be subsequently followed by profit taking. Over the past 3 months, owners of the Homebuilding & Construction company are down -4.22 percent, we'll see if more buyers feel it's appropriately priced and want to purchase, if so we might get a little bounce.

If the price bounces off of the support and moves up it'll probably head up to the $107.32 level, at which point it may hit some selling pressure. If it punches through this support level, it can easily push down to $75.59 where it may meet further support, hopefully it can consolidate around that point.

Analyst Ratings for Pultegroup By Price Target And Rating

The analysts are pretty neutral on Pultegroup right now, so not much useful information here. The current Analysts Sentiment Score is 0.74. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-05 Citigroup increased their price target by 9.48% to $127.00. On 2024-04-04 Barclays increased their price target by 7.94% to $136.00. Raymond James gave a boost to their price target and moved to $120.00 from $100.00 on 2024-02-05. On 2024-01-31 there was confirmation of the previous rating by Wedbush which was Neutral and provided a price target of $85.00. Royal Bank of Canada gave a boost to their price target and moved to $106.00 from $103.00 on 2024-01-31. On 2024-01-11 The Goldman Sachs Group increased their price target by 15.38% to $105.00. UBS Group downgraded from Buy to Neutral on 2024-01-04 but also increased their price target by 29.03% to $120.00. Jefferies Financial Group initiated a rating of Buy on 2023-11-27 and provided a price target of $107.00. Wells Fargo & Company boosted their price targ by 15% to $92.00 on 2023-11-08. JPMorgan Chase & Co. provided a price target decease of -2.5% to $117.00 from $120.00 on 2023-10-25.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Pultegroup

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Pultegroup

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.