Burning Stock on the move: Pier 1 Imports, Inc. (PIR)

Technical analysis of Pier 1 Imports, Inc.

Active traders have a wide variety of technical indicators at their disposal for completing technical stock analysis. (PIR) recently closed with rise of 0.06% to its 20-Day Simple Moving Average. Traders following the signals may be on the lookout for the formation of a strong near-term trend. On average, analysts expect that Pier 1 Imports, Inc. will post $0.41 earnings per share for the current year. Investors saw a positive move of 2.17% in last five trading days. Double bottoms are rare but powerful chart patterns. Moving averages can help smooth out these erratic movements by removing day-to-day fluctuations and make trends easier to spot. They now have a United States dollars 6 price target on the stock. Pier 1 Imports Inc (PIR) has $355.27M valuation.

Of course, these surface-level price movements don't tell us much about the direction that PIR may be headed in the future. Moving average is popular technical tool and can be customized to any time frame, suiting both long term investors and short-term traders.

COPYRIGHT VIOLATION NOTICE: "Pier 1 Imports (PIR) Getting Somewhat Positive Press Coverage, Study Shows" was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune.

Pier 1 Imports (NYSE PIR) traded up 1.89% on Wednesday, hitting $4.32. If we take a long term observation, shares have been trading at a distance of -27.56% from the 200-day moving average. The ADX was created by J. Welles Wilder to help determine how strong a trend is. Moving averages are considered to be lagging indicators meaning that they confirm trends. (2) A downtrend, or bearish trend, means the price is moving lower.

Shares of the Pier 1 Imports, Inc. Spark Inv Mngmt Ltd Llc owns 132,600 shares for 0.04% of their portfolio. The stock changed 1.6 million shares at hands on October 17, 2017 versus to the average volume of 1.9 million shares.

What do the trading volumes reveal? A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold). Low volume of a security, even if it's rising in price, can indicate a lack of conviction among investors. The Ohio-based Employees Retirement Of Ohio has invested 0% in Pier 1 Imports Inc (NYSE:PIR). (PIR)'s Relative Strength Index (RSI) is 50.33. When RSI moves above 70, it is overbought and could lead to a downward move. The RSI value will always move between 0 and 100.

Volume patterns can also be useful for predicting future performance. Analysts use common formulas and ratios to accomplish this. Two such indicators are the RSI (Relative Strength Index) and the Stochastic %k Oscillator, which fluctuate on a scale of 0 to 100. Bard Associate holds 0.88% of its portfolio in Tecogen Inc (NASDAQ:TGEN) for 579,650 shares. It has a market cap of $343.52 Million.

Taking a broader look at the analyst consensus, according to 12 analysts Pier 1 Imports (NYSE:PIR)'s price will reach at $4.13 during 52 weeks. (PIR) has been moved; whether it performed well or not. If we checked the overall image of stock during recent quarter then we found that stock performance is trading down -9.21%.

Analysts await Walt Disney Co (NYSE:DIS) to report earnings on November, 9. (PIR) is stands at 0.20. The average true range (ATR) is a measure of volatility introduced by Welles Wilder. The stock has "Mkt Perform" rating by Raymond James on Thursday, September 8.

How risky is the stock? . Simply put, the ATR determines the volatility of a security over a given period of time, or the tendency of the security to move one direction or another.

Beta measures volatility or systematic risk, of a stock or a portfolio in comparison to the market as a whole. 1 means less volatile than market.

Analyst mean recommendation rating on a stock by the analyst community is at 3.40. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company.

The consensus recommendation, according to Zacks Investment research, is 3.12.

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