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Progenity, Inc. Stock Forecast

NASDAQ:PROG BUY SELL

$0.88 (0%)

Volume: 0

Closed: May 20, 2022

Hollow Logo Score: 0.000

Progenity, Inc. Stock Forecast

BUY SELL NASDAQ:PROG
$0.88 (0%)

Volume: 0

Closed: May 20, 2022

Score Hollow Logo 0.000
Which way will PROG go? Request
Fri, May 20, 2022 Hold/Accumulate
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 20 - 75 ] RSI14 is 60 and the stock is currently not being overbought or oversold

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Progenity, Inc. stock price ended on $0.88 on Friday after losing 0%
(Updated on May 20, 2022)


Hold candidate since 2022-05-10 PDF

No changes to the price of Progenity, Inc. stock on the last trading day (Friday, 20th May 2022). During the day the stock fluctuated 0% from a day low at $0.88 to a day high of $0.88. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.98% during the next 3 months and, with a 90% probability hold a price between $0.42 and $0.91 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The Progenity, 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 $0.88 and $0.97. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, May 06, 2022, 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).

Support, Risk & Stop-loss

Progenity, Inc. finds support from accumulated volume at $0.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0%

Our recommended stop-loss: $0.83 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations For The Upcoming Trading Day Of Monday 23rd

For the upcoming trading day on Monday 23rd we expect Progenity, Inc. to open at $0.88, and during day (based on 14 day Average True Range), to move between $0.84 and $0.93, which gives a possible trading interval of +/-$0.0490 (+/-5.54%) up or down from last closing price. If Progenity, Inc. takes out the full calculated possible swing range there will be an estimated 11.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.86 (3.05%) than the resistance at $0.97 (10.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Progenity, Inc. stock A Buy?

Progenity, 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: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Hold/Accumulate Unchanged

Predicted Opening Price for Progenity, Inc. of Monday, May 23, 2022

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

Fair opening price May 23, 2022 Current price
$0.88 $0.88 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.88 .
0.88 .
0.88 .
Current price: 0.88
Support 0.88 .
0.88 .
0.88 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.10 24.36 %
1.03 16.44 %
0.97 10.15 %
Current price 0.88
Support 0.86 -3.05%
0.85 -3.56%
0.84 -4.80%

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