Procaps Group S.a. Stock Forecast
Procaps Group S.a. stock price down 0% on Friday
(Updated on Jun 28, 2024)
No changes to the price of Procaps Group S.a. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.398% from a day low at $2.51 to a day high of $2.52. The price has risen in 4 of the last 10 days but is still down by -8.73% for this period.
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 $2.45 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.38% during the next 3 months and, with a 90% probability hold a price between $2.34 and $2.76 at the end of this 3-month period.
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PROC Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Procaps Group S.a. 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 $2.57 and $2.68. 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 Procaps Group S.a. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0100 between high and low, or 0.398%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PROC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Procaps Group S.a. to open at $2.51, and during the day (based on 14 day Average True Range), to move between $2.36 and $2.66, which gives a possible trading interval of +/-$0.146 (+/-5.80%) up or down from last closing price. If Procaps Group S.a. takes out the full calculated possible swing range there will be an estimated 11.61% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.59, some $0.0800 (3.19%) from the current price of $2.51, our system finds the risk reward not very attractive.
Earnings coming up
Procaps Group S.a. will release earnings BMO on Monday, July 01, 2024. We will update the financials statements for Procaps Group S.a., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.50% in the first trading day after earnings release.
Is Procaps Group S.a. stock A Buy?
Procaps Group S.a. 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: -2.326 Sell Candidate Unchanged
Predicted Opening Price for Procaps Group S.a. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $2.51 ( 0.133%) | $2.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PROC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.52 | 0.531% |
| R2 | 2.52 | 0.379% |
| R1 | 2.52 | 0.285% |
| Price | 2.51 | |
| S1 | 2.51 | -0.0194% |
| S2 | 2.51 | -0.113% |
| S3 | 2.50 | -0.266% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.69 | 7.17% |
| R2 | 2.66 | 5.98% |
| R1 | 2.59 | 3.19% |
| Price | 2.51 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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