PAR Technology Corporation Stock Forecast
Green day on Monday for PAR Technology Corporation
(Updated on May 06, 2024)
The PAR Technology Corporation stock price gained 0.470% on the last trading day (Monday, 6th May 2024), rising from $44.69 to $44.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.22% from a day low at $44.54 to a day high of $45.09. The price has risen in 6 of the last 10 days and is up by 9.25% 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, 81 thousand more shares were traded than the day before. In total, 300 thousand shares were bought and sold for approximately $13.45 million.
Given the current short-term trend, the stock is expected to fall -8.78% during the next 3 months and, with a 90% probability hold a price between $35.86 and $40.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PAR Signals & Forecast
Mostly positive signals in the chart today. The PAR Technology Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $43.54 and $42.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 12.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for PAR Technology Corporation stock
PAR Technology Corporation finds support from accumulated volume at $44.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.545 between high and low, or 1.22%. For the last week, the stock has had daily average volatility of 3.09%.
Our recommended stop-loss: $43.23 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (PAR) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect PAR Technology Corporation to open at $44.84, and during the day (based on 14 day Average True Range), to move between $43.25 and $46.55, which gives a possible trading interval of +/-$1.65 (+/-3.67%) up or down from last closing price. If PAR Technology Corporation takes out the full calculated possible swing range there will be an estimated 7.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.08 (0.40%) than the support at $44.11 (1.76%), 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.
Earnings coming up
PAR Technology Corporation will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.310. We will update the financials statements for PAR Technology Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.28% in the first trading day after earnings release.
Is PAR Technology Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.036 Buy Candidate Unchanged
Predicted Opening Price for PAR Technology Corporation of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $44.84 ( 0.130%) | $44.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.39 | 1.08 % | |
| R2 | 45.18 | 0.620 % | ||
| R1 | 45.05 | 0.334 % | ||
| Current price: | 44.90 | |||
| Support | S1 | 44.63 | -0.594 % | |
| S2 | 44.50 | -0.88 % | ||
| S3 | 44.30 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.42 | 1.16 % | |
| R2 | 45.36 | 1.02 % | ||
| R1 | 45.08 | 0.401 % | ||
| Current price | 44.90 | |||
| Support | S1 | 44.11 | -1.76% | |
| S2 | 43.51 | -3.10% | ||
| S3 | 42.60 | -5.12% |
PAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 04, 2019 | Sep 26, 2019 | Oct 11, 2019 | $0.310 | 1.36% |
| 2 | Sep 18, 2017 | Sep 28, 2017 | Oct 16, 2017 | $0.0170 | 0.155% |
| 3 | Aug 16, 2017 | Aug 29, 2017 | Sep 15, 2017 | $0.0170 | 0.166% |
FAQ
Click here for our free guide on how to buy PAR Technology Corporation Stock.
