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 PRLB
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Proto Labs Inc stock price down 0.731% on Friday
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 12, 2024 Gain 1.78% PDF

The Proto Labs Inc stock price fell by -0.731% on the last day (Friday, 19th Jul 2024) from $32.85 to $32.61. During the last trading day the stock fluctuated 1.65% from a day low at $32.35 to a day high of $32.89. The price has risen in 6 of the last 10 days and is up by 6.19% over the past 2 weeks. Volume has increased on the last day by 131 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, 256 thousand shares were bought and sold for approximately $8.35 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Proto Labs Inc stock with a 90% probability to be traded between $29.59 and $33.92 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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PRLB Signals & Forecast

The Proto Labs Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $32.76. On a fall, the stock will find some support from the long-term average at approximately $31.16. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, July 17, 2024, and so far it has fallen -4.57%. Further fall is indicated until a new bottom pivot has been found. 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 Proto Labs Inc stock

Proto Labs Inc finds support from accumulated volume at $31.75 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 $0.535 between high and low, or 1.65%. For the last week, the stock has had daily average volatility of 3.26%.

Our recommended stop-loss: $31.49 (-3.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (PRLB) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Proto Labs Inc to open at $32.62, and during the day (based on 14 day Average True Range), to move between $31.67 and $33.55, which gives a possible trading interval of +/-$0.94 (+/-2.87%) up or down from last closing price. If Proto Labs Inc takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $33.16 (1.69%) than the support at $31.75 (2.64%), 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 Proto Labs Inc stock A Buy?

Proto Labs 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: -0.924 Hold/Accumulate Unchanged

Predicted Opening Price for Proto Labs Inc of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$32.62 ( 0.0153%) $32.61

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

Trading levels for PRLB

Fibonacci Support & Resistance Levels

Level Price
R3 33.15 1.66%
R2 32.95 1.03%
R1 32.82 0.642%
Price 32.61
S1 32.41 -0.611%
S2 32.28 -1.00%
S3 32.08 -1.63%

Accumulated Volume Support & Resistance Levels

Level Price
R3 34.17 4.78%
R2 33.88 3.89%
R1 33.16 1.69%
Price 32.61
S1 31.75 -2.64%
S2 30.89 -5.27%
S3 30.07 -7.79%

FAQ

What is the symbol for Proto Labs Inc Stock and on which exchange is it traded?
The symbol for Proto Labs Inc is PRLB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Proto Labs Inc Stock?
Proto Labs 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.

How to buy Proto Labs Inc Stock?
Proto Labs Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Proto Labs Inc Stock.

What's the current price of Proto Labs Inc Stock?
As of the end of day on the Jul 19, 2024, the price of an Proto Labs Inc (PRLB) share was $32.61.

What is the 52-week high and low for Proto Labs Inc Stock?
The 52-week high for Proto Labs Inc Stock is $41.87 and the 52-week low is $23.01.

What is the market capitalization of Proto Labs Inc Stock?
As of the Jul 19, 2024, the market capitalization of Proto Labs Inc is 825.558M.

When is the next earnings date for Proto Labs Inc?
The upcoming earnings date for Proto Labs Inc is Aug 02, 2024.
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About Proto Labs Inc

Proto Labs Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabricat... PRLB Profile

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