United Parks & Resorts Inc. Stock Forecast
United Parks & Resorts Inc. stock price up 2.73% on Thursday
(Updated on Jun 27, 2024)
The United Parks & Resorts Inc. stock price gained 2.73% on the last trading day (Thursday, 27th Jun 2024), rising from $51.30 to $52.70. During the last trading day the stock fluctuated 3.42% from a day low at $51.03 to a day high of $52.78. The price has been going up and down for this period, and there has been a 0.96% gain for the last 2 weeks. Volume fell on the last day by -299 thousand shares and in total, 566 thousand shares were bought and sold for approximately $29.80 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 stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $52.01, a level that may pose a second chance to hit a runner. According to fan-theory $57.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PRKS Signals & Forecast
The United Parks & Resorts Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $51.32 and $51.69. 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 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. 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 Tuesday, May 14, 2024, and so far it has fallen -2.55%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for United Parks & Resorts Inc. stock
United Parks & Resorts Inc. finds support from accumulated volume at $52.57 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 $1.75 (3.42%) between high and low. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: $50.38 (-4.41%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (PRKS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect United Parks & Resorts Inc. to open at $52.17, and during the day (based on 14 day Average True Range), to move between $51.17 and $54.23, which gives a possible trading interval of +/-$1.53 (+/-2.89%) 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 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $52.57 (0.25%) than the resistance at $54.76 (3.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is United Parks & Resorts Inc. stock A Buy?
United Parks & Resorts Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.090 Hold/Accumulate Unchanged
Predicted Opening Price for United Parks & Resorts Inc. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $52.17 ( 1.01%) | $52.70 |
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 | 53.92 | 2.31% |
| R2 | 53.25 | 1.04% |
| R1 | 52.84 | 0.259% |
| Price | 52.70 | |
| S1 | 51.50 | -2.27% |
| S2 | 51.09 | -3.06% |
| S3 | 50.42 | -4.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.70 | 7.59% |
| R2 | 56.21 | 6.66% |
| R1 | 54.76 | 3.91% |
| Price | 52.70 | |
| S1 | 52.57 | -0.247% |
| S2 | 51.62 | -2.05% |
| S3 | 49.16 | -6.72% |
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
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