United Parks & Resorts Inc. Stock Forecast
Green day on Friday for United Parks & Resorts Inc.
(Updated on Jun 21, 2024)
The United Parks & Resorts Inc. stock price gained 0.631% on the last trading day (Friday, 21st Jun 2024), rising from $50.71 to $51.03. During the last trading day the stock fluctuated 2.60% from a day low at $49.91 to a day high of $51.21. The price has fallen in 6 of the last 10 days and is down by -1.7% for this period. Volume fell on the last day by -6 thousand shares and in total, 747 thousand shares were bought and sold for approximately $38.11 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 lies in the middle of a 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 -7.51% during the next 3 months and, with a 90% probability hold a price between $42.95 and $50.46 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PRKS Signals & Forecast
There are mixed signals in the stock today. The United Parks & Resorts 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 $51.47. On a fall, the stock will find some support from the short-term average at $50.97. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.64%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for United Parks & Resorts Inc. stock
United Parks & Resorts Inc. finds support from accumulated volume at $50.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.30 (2.60%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRKS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect United Parks & Resorts Inc. to open at $50.72, and during the day (based on 14 day Average True Range), to move between $49.42 and $52.64, which gives a possible trading interval of +/-$1.61 (+/-3.16%) up or down from last closing price. If United Parks & Resorts Inc. takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.62 (1.16%) than the support at $50.07 (1.88%), 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 United Parks & Resorts Inc. stock A Buy?
United Parks & Resorts Inc. 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.
Current score: -2.832 Sell Candidate Unchanged
Predicted Opening Price for United Parks & Resorts Inc. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
$50.72 ( 0.614%) | $51.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRKS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.02 | 1.93% |
R2 | 51.52 | 0.96% |
R1 | 51.21 | 0.359% |
Price | 51.03 | |
S1 | 50.22 | -1.59% |
S2 | 49.91 | -2.19% |
S3 | 49.42 | -3.16% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 56.21 | 10.15% |
R2 | 52.57 | 3.02% |
R1 | 51.62 | 1.16% |
Price | 51.03 | |
S1 | 50.07 | -1.88% |
S2 | 49.16 | -3.66% |
S3 | 48.93 | -4.12% |
PRKS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 27, 2016 | Sep 27, 2016 | Sep 27, 2016 | $0.100 | 0.729% |
2 | Jun 16, 2016 | Jun 16, 2016 | Jun 16, 2016 | $0.210 | 1.35% |
3 | Mar 10, 2016 | Mar 10, 2016 | Mar 10, 2016 | $0.210 | 1.21% |
4 | Jan 13, 2016 | Jan 13, 2016 | Jan 13, 2016 | $0.210 | 1.15% |
5 | Sep 25, 2015 | Sep 25, 2015 | Sep 25, 2015 | $0.210 | 1.16% |
FAQ
Click here for our free guide on how to buy United Parks & Resorts Inc. Stock.