ParkerVision Stock Forecast
ParkerVision stock price up 4.09% on Wednesday
(Updated on Mar 27, 2024)
The ParkerVision stock price gained 4.09% on the last trading day (Wednesday, 27th Mar 2024), rising from $0.170 to $0.177. During the last trading day the stock fluctuated 1.70% from a day low at $0.174 to a day high of $0.177. The price has fallen in 7 of the last 10 days and is down by -7.57% for this period. Volume fell on the last day by -46 thousand shares and in total, 202 shares were bought and sold for approximately $35.74 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.168 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.59% during the next 3 months and, with a 90% probability hold a price between $0.194 and $0.250 at the end of this 3-month period.
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PRKR Signals & Forecast
There are few to no technical positive signals at the moment. The ParkerVision stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.180 and $0.184. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -12.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ParkerVision stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.165 and $0.162. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ParkerVision finds support just below today's level at $0.165. If this is broken, then the next support from accumulated volume will be at $0.162 and $0.149.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0030 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRKR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect ParkerVision to open at $0.176, and during the day (based on 14 day Average True Range), to move between $0.165 and $0.189, which gives a possible trading interval of +/-$0.0116 (+/-6.55%) up or down from last closing price. If ParkerVision takes out the full calculated possible swing range there will be an estimated 13.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.180 (1.72%) than the support at $0.165 (6.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ParkerVision stock A Buy?
The ParkerVision stock holds several negative signals and despite the positive trend, we believe ParkerVision will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.379 Sell Candidate Unchanged
Predicted Opening Price for ParkerVision of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$0.176 ( 0.556%) | $0.177 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRKR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.179 | 1.11 % | |
R2 | 0.178 | 0.475 % | ||
R1 | 0.177 | 0.0811 % | ||
Current price: | 0.177 | |||
Support | S1 | 0.175 | -1.19 % | |
S2 | 0.174 | -1.59 % | ||
S3 | 0.173 | -2.22 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.203 | 14.47 % | |
R2 | 0.190 | 7.37 % | ||
R1 | 0.180 | 1.72 % | ||
Current price | 0.177 | |||
Support | S1 | 0.165 | -6.75% | |
S2 | 0.162 | -8.45% | ||
S3 | 0.149 | -16.01% |
FAQ
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