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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of PRAA
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Strong day for PRA Group stock price on Wednesday rising 7.75% to $24.04
(Updated on Apr 17, 2024)

Hold candidate since Apr 17, 2024 PDF

The PRA Group stock price gained 7.75% on the last trading day (Wednesday, 17th Apr 2024), rising from $22.31 to $24.04. During the last trading day the stock fluctuated 8.54% from a day low at $22.42 to a day high of $24.34. The price has fallen in 6 of the last 10 days and is down by -6.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 110 thousand more shares were traded than the day before. In total, 281 thousand shares were bought and sold for approximately $6.76 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.08% during the next 3 months and, with a 90% probability hold a price between $23.24 and $29.92 at the end of this 3-month period.

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PRAA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.75%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PRA Group 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 $24.32 and $24.83. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for PRA Group stock

PRA Group finds support from accumulated volume at $23.03 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 $1.92 between high and low, or 8.54%. For the last week, the stock has had daily average volatility of 6.01%.

Our recommended stop-loss: $23.02 (-4.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (PRAA) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect PRA Group to open at $23.60, and during the day (based on 14 day Average True Range), to move between $22.95 and $25.13, which gives a possible trading interval of +/-$1.09 (+/-4.54%) up or down from last closing price. If PRA Group takes out the full calculated possible swing range there will be an estimated 9.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.03 (4.20%) than the resistance at $25.56 (6.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PRA Group stock A Buy?

PRA Group holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.187 Hold/Accumulate Upgraded

Predicted Opening Price for PRA Group of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$23.60 ( 1.84%) $24.04

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

Trading levels for PRAA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.51 6.13 %
R2 24.78 3.09 %
R1 24.33 1.21 %
Current price: 24.04
Support S1 22.87 -4.88 %
S2 22.41 -6.76 %
S3 21.68 -9.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.00 16.47 %
R2 26.10 8.57 %
R1 25.56 6.32 %
Current price 24.04
Support S1 23.03 -4.20%
S2 22.97 -4.45%
S3 22.84 -4.99%

PRAA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 23, 2007 May 07, 2007 Jun 08, 2007 $0.333 1.72%

FAQ

What is the symbol for PRA Group Stock and on which exchange is it traded?
The symbol for PRA Group is PRAA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell PRA Group Stock?
PRA Group holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of PRA Group Stock?
As of the end of day on the 2024-04-17, the price of an PRA Group (PRAA) share was $24.04.

What is the 52-week high and low for PRA Group Stock?
The 52-week high for PRA Group Stock is $38.64 and the 52-week low is $11.85.

What is the market capitalization of PRA Group Stock?
As of the 2024-04-17, the market capitalization of PRA Group is 943.505M.

When is the next earnings date for PRA Group?
The upcoming earnings date for PRA Group is May 06, 2024.
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About PRA Group

PRA Group PRA Group, Inc., a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas, Australia, and Europe. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies. The company also acquires nonperforming loans, i... PRAA Profile

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