Prosus N.v. Stock Forecast
Prosus N.v. stock upgraded from Sell Candidate to Buy Candidate after Monday trading session.
(Updated on Jun 24, 2024)
The Prosus N.v. stock price gained 1.41% on the last trading day (Monday, 24th Jun 2024), rising from 34.04€ to 34.52€. During the last trading day the stock fluctuated 2.70% from a day low at 34.03€ to a day high of 34.95€. The price has fallen in 6 of the last 10 days but is still up by 0.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 123.12€ thousand.
The stock lies in the lower part of a 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 33.61€ 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 21.25% during the next 3 months and, with a 90% probability hold a price between 40.76€ and 48.08€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
1TY.F Signals & Forecast
The Prosus N.v. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 34.15€ and 34.39€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Prosus N.v. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -5.77%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Prosus N.v. stock
Prosus N.v. finds support from accumulated volume at 34.48€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.92€ between high and low, or 2.70%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: 32.49€ (-5.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (1TY.F) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Prosus N.v. to open at 34.50€, and during the day (based on 14 day Average True Range), to move between 33.87€ and 35.16€, which gives a possible trading interval of +/-0.647€ (+/-1.87%) up or down from last closing price. If Prosus N.v. takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 34.55€ (0.09%) than the support at 34.48€ (0.10%), 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 Prosus N.v. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Prosus N.v. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.491 Buy Candidate Upgraded
Predicted Opening Price for Prosus N.v. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 34.50€ ( 0.0483%) | 34.52€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1TY.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.42 | 2.62% |
| R2 | 35.07 | 1.60% |
| R1 | 34.85 | 0.97% |
| Price | 34.52 | |
| S1 | 34.15 | -1.07% |
| S2 | 33.93 | -1.70% |
| S3 | 33.58 | -2.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.91 | 4.04% |
| R2 | 35.63 | 3.23% |
| R1 | 34.55 | 0.0869% |
| Price | 34.52 | |
| S1 | 34.48 | -0.101% |
| S2 | 33.86 | -1.90% |
| S3 | 29.56 | -14.36% |
1TY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 02, 2023 | Nov 02, 2023 | Nov 28, 2023 | 0.0700€ | 0% |
| 2 | Sep 01, 2022 | Sep 01, 2022 | Sep 27, 2022 | 0.0642€ | 0% |
| 3 | Oct 28, 2021 | Oct 28, 2021 | Nov 23, 2021 | 0.0642€ | 0% |
| 4 | Oct 22, 2020 | Oct 22, 2020 | Nov 17, 2020 | 0.0505€ | 0% |
FAQ
Click here for our free guide on how to buy Prosus N.v. Stock.
