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Volatile ride for Progenity, Inc. stock price on Thursday moving between $2.58 and $2.99

StockInvest.us, 1 month ago


No changes to the price of Progenity, Inc. stock on the last trading day (Thursday, 2nd Dec 2021). During the day the stock fluctuated 15.89% from a day low at $2.58 to a day high of $2.99. The price has fallen in 7 of the last 10 days and is down by -44.26% for this period.

On Nov 04, 2021 "Stephens" gave "" rating for PROG. The price target was set to $3.45+10.9%.

Given the current short-term trend, the stock is expected to rise 222.86% during the next 3 months and, with a 90% probability hold a price between $8.78 and $17.33 at the end of this 3-month period.

Progenity, Inc.

There are few to no technical positive signals at the moment. The Progenity, Inc. 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 $3.30 and $3.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 19, 2021, and so far it has fallen -44.38%. 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 price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

On the downside, the stock finds support just below today's level from accumulated volume at $2.22 and $2.14.There is 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, Progenity, Inc. finds support just below today's level at $2.22. If this is broken, then the next support from accumulated volume will be at $2.14 and $2.09.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.41 between high and low, or 15.89%. For the last week, the stock has had a daily average volatility of 16.96%.

The Progenity, Inc. stock holds several negative signals and despite the positive trend, we believe Progenity, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Check full Progenity, Inc. forecast and analysis here.