ProPhase Labs Stock Forecast
A very red day for ProPhase Labs stock price after a -6.40% fall in the Tuesday trading session
(Updated on Jul 02, 2024)
The ProPhase Labs stock price fell by -6.40% on the last day (Tuesday, 2nd Jul 2024) from $4.06 to $3.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.92% from a day low at $3.80 to a day high of $4.03. The price has fallen in 8 of the last 10 days and is down by -16.48% for this period. Volume has increased on the last day by 8 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, 25 thousand shares were bought and sold for approximately $95.84 thousand.
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 -33.46% during the next 3 months and, with a 90% probability hold a price between $2.09 and $2.75 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PRPH Signals & Forecast
There are few to no technical positive signals at the moment. The ProPhase Labs 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 $4.18 and $4.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -29.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). ProPhase Labs gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ProPhase Labs 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 $0.225 between high and low, or 5.92%. For the last week, the stock has had daily average volatility of 4.56%.
ProPhase Labs is oversold on RSI14 (16). 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 (PRPH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ProPhase Labs to open at $3.88, and during the day (based on 14 day Average True Range), to move between $3.57 and $4.03, which gives a possible trading interval of +/-$0.229 (+/-6.04%) up or down from last closing price. If ProPhase Labs takes out the full calculated possible swing range there will be an estimated 12.08% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.35, some $0.550 (14.47%) from the current price of $3.80, our system finds the risk reward not very attractive.
Is ProPhase Labs stock A Buy?
ProPhase Labs 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.427 Strong Sell Candidate Downgraded
Predicted Opening Price for ProPhase Labs of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.88 ( 1.97%) | $3.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRPH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.10 | 7.89% |
| R2 | 4.01 | 5.63% |
| R1 | 3.96 | 4.24% |
| Price | 3.80 | |
| S1 | 3.79 | -0.288% |
| S2 | 3.74 | -1.69% |
| S3 | 3.65 | -3.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.71 | 23.95% |
| R2 | 4.61 | 21.32% |
| R1 | 4.35 | 14.47% |
| Price | 3.80 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
PRPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2022 | May 24, 2022 | Jun 03, 2022 | $0.300 | 3.05% |
| 2 | Feb 16, 2022 | Feb 28, 2022 | Mar 10, 2022 | $0.300 | 4.55% |
| 3 | May 13, 2021 | May 24, 2021 | Jun 03, 2021 | $0.300 | 6.04% |
| 4 | Nov 20, 2019 | Dec 02, 2019 | Dec 12, 2019 | $0.250 | 11.85% |
| 5 | Dec 26, 2018 | Jan 09, 2019 | Jan 24, 2019 | $0.250 | 8.25% |
FAQ
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