RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PHR
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Phreesia, Inc. stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Phreesia, Inc. stock price gained 2.91% on the last trading day (Wednesday, 27th Mar 2024), rising from $23.70 to $24.39. During the last trading day the stock fluctuated 3.19% from a day low at $23.86 to a day high of $24.62. The price has been going up and down for this period, and there has been a 4.45% gain for the last 2 weeks. Volume fell on the last day by -38 thousand shares and in total, 379 thousand shares were bought and sold for approximately $9.25 million. 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Phreesia, Inc. stock with a 90% probability to be traded between $22.77 and $29.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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PHR Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 7.59%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Phreesia, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $25.05. On a fall, the stock will find some support from the short-term average at $23.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Phreesia, Inc. stock

Phreesia, Inc. finds support from accumulated volume at $24.03 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 $0.760 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 3.83%.

Our recommended stop-loss: $23.42 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (PHR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Phreesia, Inc. to open at $24.29, and during the day (based on 14 day Average True Range), to move between $23.19 and $25.59, which gives a possible trading interval of +/-$1.20 (+/-4.91%) up or down from last closing price. If Phreesia, Inc. takes out the full calculated possible swing range there will be an estimated 9.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.03 (1.48%) than the resistance at $25.25 (3.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Phreesia, Inc. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Phreesia, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.296 Buy Candidate Upgraded

Predicted Opening Price for Phreesia, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$24.29 ( 0.410%) $24.39

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PHR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.05 2.71 %
R2 24.76 1.52 %
R1 24.58 0.780 %
Current price: 24.39
Support S1 24.00 -1.60 %
S2 23.82 -2.34 %
S3 23.53 -3.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.81 9.92 %
R2 25.63 5.08 %
R1 25.25 3.53 %
Current price 24.39
Support S1 24.03 -1.48%
S2 23.75 -2.62%
S3 22.94 -5.95%

FAQ

What is the symbol for Phreesia, Inc. Stock and on which exchange is it traded?
The symbol for Phreesia, Inc. is PHR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Phreesia, Inc. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Phreesia, Inc. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Phreesia, Inc. Stock?
Phreesia, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Phreesia, Inc. Stock.

What's the current price of Phreesia, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Phreesia, Inc. (PHR) share was $24.39.

What is the 52-week high and low for Phreesia, Inc. Stock?
The 52-week high for Phreesia, Inc. Stock is $34.98 and the 52-week low is $12.05.

What is the market capitalization of Phreesia, Inc. Stock?
As of the 2024-03-27, the market capitalization of Phreesia, Inc. is 1.319B.

When is the next earnings date for Phreesia, Inc.?
The upcoming earnings date for Phreesia, Inc. is May 29, 2024.
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About Phreesia, Inc.

Phreesia. Phreesia, Inc. provides an integrated SaaS-based software and payment platform for the healthcare industry in the United States and Canada. Its Phreesia Platform offers a suite of solutions to manage the patient intake process, as well as an integrated payments solution for processing of patient payments. The company deploys its platform in a range of modalities, such as Phreesia Mobile, a patients' mobile device; Phreesia Dashboard, a web-based ... PHR Profile

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