In the meantime, Wolfe Research upgraded its Phillips Edison & Company Inc [PECO] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late August from “an Underweight” to “an Equal weight”. Mizuho also remained covering PECO and has increased its forecast on February 23, 2024 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated PECO as “a Buy”.
Price Performance Review of PECO
On Tuesday, Phillips Edison & Company Inc [NASDAQ:PECO] saw its stock fall -1.92% to $35.69. Over the last five days, the stock has gained 0.79%. Phillips Edison & Company Inc shares have fallen nearly -4.73% since the year began. Nevertheless, the stocks have risen 7.47% over the past one year. While a 52-week high of $40.12 was reached on 01/28/25, a 52-week low of $30.62 was recorded on 04/09/25. SMA at 50 days reached $35.47, while 200 days put it at $36.72.
Levels Of Support And Resistance For PECO Stock
The 24-hour chart illustrates a support level at 35.36, which if violated will result in even more drops to 35.03. On the upside, there is a resistance level at 36.30. A further resistance level may holdings at 36.91. The Relative Strength Index (RSI) on the 14-day chart is 52.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.55%. Stochastics %K at 68.93% indicates the stock is a holding.
