ProPhase Labs Stock Forecast
ProPhase Labs stock price ended at $4.71 on Friday, after losing 4.85%.
(Updated on Apr 26, 2024)
The ProPhase Labs stock price fell by -4.85% on the last day (Friday, 26th Apr 2024) from $4.95 to $4.71. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.59% from a day low at $4.60 to a day high of $4.95. The price has fallen in 8 of the last 10 days and is down by -27.76% for this period. Volume has increased on the last day by 48 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, 60 thousand shares were bought and sold for approximately $282.33 thousand.
Given the current short-term trend, the stock is expected to rise 21.50% during the next 3 months and, with a 90% probability hold a price between $5.72 and $9.14 at the end of this 3-month period.
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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 $5.07 and $5.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -35.92%. 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".
Support, Risk & Stop-loss for ProPhase Labs stock
ProPhase Labs finds support from accumulated volume at $4.59 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 $0.349 between high and low, or 7.59%. For the last week, the stock has had daily average volatility of 7.17%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect ProPhase Labs to open at $4.75, and during the day (based on 14 day Average True Range), to move between $4.22 and $5.20, which gives a possible trading interval of +/-$0.487 (+/-10.34%) up or down from last closing price. If ProPhase Labs takes out the full calculated possible swing range there will be an estimated 20.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.59 (2.55%) than the resistance at $4.95 (5.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ProPhase Labs stock A Buy?
The ProPhase Labs stock holds several negative signals and despite the positive trend, we believe ProPhase Labs will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.588 Sell Candidate Unchanged
Predicted Opening Price for ProPhase Labs of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $4.75 ( 0.93%) | $4.71 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 5.10 | 8.34 % | |
| R2 | 4.97 | 5.51 % | ||
| R1 | 4.89 | 3.76 % | ||
| Current price: | 4.71 | |||
| Support | S1 | 4.62 | -1.90 % | |
| S2 | 4.54 | -3.65 % | ||
| S3 | 4.40 | -6.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.44 | 15.50 % | |
| R2 | 5.26 | 11.68 % | ||
| R1 | 4.95 | 5.10 % | ||
| Current price | 4.71 | |||
| Support | S1 | 4.59 | -2.55% | |
| S2 | 4.56 | -3.18% | ||
| S3 | 4.47 | -5.10% |
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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