Primerica Inc Stock Forecast
Primerica Inc stock price ended at $213.46 on Friday, after losing 2.35%.
(Updated on Apr 26, 2024)
The Primerica Inc stock price fell by -2.35% on the last day (Friday, 26th Apr 2024) from $218.59 to $213.46. During the last trading day the stock fluctuated 2.72% from a day low at $212.44 to a day high of $218.22. The price has been going up and down for this period, and there has been a -3.89% loss for the last 2 weeks. Volume has increased on the last day by 170 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, 307 thousand shares were bought and sold for approximately $65.46 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $208.68 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.48% during the next 3 months and, with a 90% probability hold a price between $197.25 and $237.48 at the end of this 3-month period.
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PRI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.60%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Primerica Inc 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 $216.42 and $237.69. 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). 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 Primerica Inc stock
Primerica Inc finds support from accumulated volume at $213.04 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 $5.78 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 1.99%.
Primerica Inc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Primerica Inc to open at $214.71, and during the day (based on 14 day Average True Range), to move between $206.80 and $220.12, which gives a possible trading interval of +/-$6.66 (+/-3.12%) up or down from last closing price. If Primerica Inc takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $213.04 (0.20%) than the resistance at $215.04 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Primerica Inc stock A Buy?
Primerica Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.543 Sell Candidate Unchanged
Predicted Opening Price for Primerica Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $214.71 ( 0.584%) | $213.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 220.49 | 3.29 % | |
| R2 | 218.28 | 2.26 % | ||
| R1 | 216.91 | 1.62 % | ||
| Current price: | 213.46 | |||
| Support | S1 | 212.50 | -0.450 % | |
| S2 | 211.13 | -1.09 % | ||
| S3 | 208.93 | -2.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 223.39 | 4.65 % | |
| R2 | 222.09 | 4.04 % | ||
| R1 | 215.04 | 0.740 % | ||
| Current price | 213.46 | |||
| Support | S1 | 213.04 | -0.197% | |
| S2 | 211.64 | -0.85% | ||
| S3 | 210.09 | -1.58% |
PRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 21, 2024 | Mar 12, 2024 | $0.750 | 0.304% |
| 2 | Feb 08, 2024 | Feb 20, 2024 | Mar 12, 2024 | $0.750 | 0.304% |
| 3 | Nov 07, 2023 | Nov 20, 2023 | Dec 12, 2023 | $0.650 | 0.303% |
| 4 | Aug 07, 2023 | Aug 21, 2023 | Sep 11, 2023 | $0.650 | 0.321% |
| 5 | Aug 07, 2023 | Aug 18, 2023 | Sep 11, 2023 | $0.650 | 0.321% |
FAQ
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