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Progenity, Inc. Stock Forecast NASDAQ:PROG

$3.75 (0%)

Volume: 0

Closed: Oct 29, 2021

Hollow Logo Score: 4.271

Progenity, Inc. Stock Forecast

$3.75 (0%)

Volume: 0

Closed: Oct 29, 2021

Score Hollow Logo 4.271
Which way will PROG go? Request
Stop-loss: $3.55 (-5.44%)
Earnings Date: Nov 08, 2021
Key Stats
Beta 0.93
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] The Progenity, Inc. stock holds an RSI14 at 78 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Red day on Friday for Progenity, Inc.
(Updated on Oct 29, 2021)


Buy or Hold candidate since 2021-09-29 Gain 247.22%

No changes to the price of Progenity, Inc. stock on the last trading day (Friday, 29th Oct 2021). During the day the stock fluctuated 0% from a day low at $3.75 to a day high of $3.75. The price has risen in 6 of the last 10 days and is up by 79.43% over the past 2 weeks.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $4.03 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 43.65% during the next 3 months and, with a 90% probability hold a price between $0.98 and $5.79 at the end of this 3-month period.

Signals & Forecast

The Progenity, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.29 and $1.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, October 27, 2021, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $3.00 and $2.99. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Progenity, Inc. finds support just below today's level at $3.00. If this is broken, then the next support from accumulated volume will be at $2.99 and $2.96.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 24.13%

The Progenity, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $3.55 (-5.44%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 1 days ago.)

Is Progenity, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Progenity, Inc. stock to perform well in the short-term.

Current score: 4.271

Predicted Opening Price for Progenity, Inc. of Monday, November 1, 2021

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

Fair opening price November 1, 2021 Current price
$3.75 $3.75 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Oct 14, 2021 "HC Wainwright" gave "" rating for PROG. The price target was changed from $2.04 to 8.1%.

Volatility and Risk
Daily Average Volatility: 24.13 %
Overall Risk: Very High High Medium Low Very Low
Volatility
24.13 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.99
Price: $3.75
Support: $3.00

PROG Insider Trading Show all Trades

INSIDER POWER

0.226

Last 100 transactions
Buy: 46 789 363 | Sell: 207 116 749 (Shares)
Date Action Amount Person Type
Aug 15, 2021 Sell 1 478 Silvestry Damon Common Stock
Aug 15, 2021 Sell 10 335 Stylli Harry Common Stock
Aug 15, 2021 Sell 158 Hashemi Hutan Common Stock
Aug 15, 2021 Sell 5 718 Desparbes Eric Common Stock
Aug 15, 2021 Sell 560 Cooper Matthew T Common Stock
Show all Insider Trades
INSIDER POWER

0.226

Last 100 transactions
Buy: 46 789 363 | Sell: 207 116 749 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.75 .
3.75 .
3.75 .
Current price: 3.75
Support 3.75 .
3.75 .
3.75 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
3.99 6.40 %
Current price 3.75
Support 3.00 -20.00%
2.99 -20.27%
2.96 -21.07%

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