Prime Medicine, Inc. Stock Forecast
Big movements in Prime Medicine, Inc. stock price on Friday moving 11.78% between high and low
(Updated on Apr 26, 2024)
The Prime Medicine, Inc. stock price gained 2.91% on the last trading day (Friday, 26th Apr 2024), rising from $4.30 to $4.43. During the last trading day the stock fluctuated 11.78% from a day low at $4.16 to a day high of $4.65. The price has fallen in 7 of the last 10 days and is down by -22.77% for this period. Volume fell on the last day by -217 thousand shares and in total, 632 thousand shares were bought and sold for approximately $2.80 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 stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.25 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.22% during the next 3 months and, with a 90% probability hold a price between $3.10 and $5.45 at the end of this 3-month period.
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PRME Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.91%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Prime Medicine, 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 $4.59 and $6.19. 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).
Support, Risk & Stop-loss for Prime Medicine, Inc. stock
Prime Medicine, Inc. finds support from accumulated volume at $4.30 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.490 between high and low, or 11.78%. For the last week, the stock has had daily average volatility of 10.34%.
Prime Medicine, Inc. is oversold on RSI14 (19). 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 (PRME) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Prime Medicine, Inc. to open at $4.41, and during the day (based on 14 day Average True Range), to move between $3.98 and $4.87, which gives a possible trading interval of +/-$0.445 (+/-10.06%) up or down from last closing price. If Prime Medicine, Inc. takes out the full calculated possible swing range there will be an estimated 20.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.51 (1.92%) than the support at $4.30 (2.82%), 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 Prime Medicine, Inc. stock A Buy?
Prime Medicine, Inc. holds several negative signals and is within a very 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: -5.247 Strong Sell Candidate Unchanged
Predicted Opening Price for Prime Medicine, Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$4.41 ( 0.302%) | $4.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRME
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.90 | 10.77 % | |
R2 | 4.71 | 6.54 % | ||
R1 | 4.60 | 3.93 % | ||
Current price: | 4.43 | |||
Support | S1 | 4.22 | -4.53 % | |
S2 | 4.11 | -7.15 % | ||
S3 | 3.92 | -11.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.78 | 8.02 % | |
R2 | 4.59 | 3.73 % | ||
R1 | 4.51 | 1.92 % | ||
Current price | 4.43 | |||
Support | S1 | 4.30 | -2.82% | |
S2 | 0 | . | ||
S3 | 0 | . |
PRME Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 10, 2019 | Sep 10, 2019 | Sep 10, 2019 | $0.80 | 0% |
2 | Jun 14, 2019 | Jun 14, 2019 | Jun 14, 2019 | $0.200 | 0% |
3 | Dec 18, 2018 | Dec 18, 2018 | Dec 18, 2018 | $0.213 | 0% |
4 | Sep 14, 2018 | Sep 14, 2018 | Sep 14, 2018 | $0.233 | 0% |
5 | Jun 21, 2018 | Jun 21, 2018 | Jun 21, 2018 | $0.146 | 0% |
FAQ
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