PROCEPT BioRobotics Corporation Stock Forecast

PROCEPT BioRobotics Corporation stock price ended at $63.50 on Monday, after gaining 1.36%.
(Updated on May 13, 2024)

PRCT Signals & Forecast

The PROCEPT BioRobotics 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 $62.58 and $53.27. 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). 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -1.26%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for PROCEPT BioRobotics Corporation stock

PROCEPT BioRobotics Corporation finds support from accumulated volume at $61.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.64 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 4.18%.

Our recommended stop-loss: $60.99 (-3.95%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (PRCT) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect PROCEPT BioRobotics Corporation to open at $63.73, and during the day (based on 14 day Average True Range), to move between $60.50 and $66.50, which gives a possible trading interval of +/-$3.00 (+/-4.72%) up or down from last closing price. If PROCEPT BioRobotics Corporation takes out the full calculated possible swing range there will be an estimated 9.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $64.31 (1.28%) than the support at $61.43 (3.26%), 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 PROCEPT BioRobotics Corporation 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 PROCEPT BioRobotics Corporation stock to perform well in the short-term.

Current score: 1.863 Buy Candidate Unchanged

Predicted Opening Price for PROCEPT BioRobotics Corporation of Tuesday, May 14, 2024

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