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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 PRAA
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Weaker technical forecast for PRA Group as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)

Sell candidate since Jun 21, 2024 PDF

The PRA Group stock price fell by -1.14% on the last day (Friday, 21st Jun 2024) from $21.02 to $20.78. During the last trading day the stock fluctuated 4.91% from a day low at $20.17 to a day high of $21.16. The price has been going up and down for this period, and there has been a 2.16% gain for the last 2 weeks. Volume has increased on the last day by 437 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 653 thousand shares were bought and sold for approximately $13.56 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.85% during the next 3 months and, with a 90% probability hold a price between $15.37 and $19.37 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.

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PRAA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.24%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PRA Group 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 $22.47. On a fall, the stock will find some support from the short-term average at $20.15. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for PRA Group stock

PRA Group finds support from accumulated volume at $20.42 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 $0.99 between high and low, or 4.91%. For the last week, the stock has had daily average volatility of 4.10%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PRAA) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect PRA Group to open at $20.70, and during the day (based on 14 day Average True Range), to move between $19.87 and $21.69, which gives a possible trading interval of +/-$0.91 (+/-4.39%) up or down from last closing price. If PRA Group takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.42 (1.73%) than the resistance at $25.04 (20.50%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.664 Sell Candidate Downgraded

Predicted Opening Price for PRA Group of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$20.70 ( 0.369%) $20.78

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
R3 21.69 4.40%
R2 21.32 2.58%
R1 21.08 1.45%
Price 20.78
S1 20.33 -2.19%
S2 20.09 -3.31%
S3 19.71 -5.13%

Accumulated Volume Support & Resistance Levels

Level Price
R3 25.42 22.33%
R2 25.33 21.90%
R1 25.04 20.50%
Price 20.78
S1 20.42 -1.73%
S2 20.36 -2.02%
S3 19.84 -4.52%

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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell 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 Jun 21, 2024, the price of an PRA Group (PRAA) share was $20.78.

What is the 52-week high and low for PRA Group Stock?
The 52-week high for PRA Group Stock is $31.43 and the 52-week low is $11.85.

What is the market capitalization of PRA Group Stock?
As of the Jun 21, 2024, the market capitalization of PRA Group is 827.179M.

When is the next earnings date for PRA Group?
The upcoming earnings date for PRA Group is Aug 05, 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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