0% commission for ETF tradesProPhase Labs Stock Forecast
AI Analysis of PRPH
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Volatile ride for ProPhase Labs stock price on Thursday moving between $2.51 and $2.89
(Updated on Sep 12, 2024)
The ProPhase Labs stock price fell by -4.07% on the last day (Thursday, 12th Sep 2024) from $2.70 to $2.59. During the last trading day the stock fluctuated 15.12% from a day low at $2.51 to a day high of $2.89. The price has risen in 5 of the last 10 days and is up by 10.68% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -28 thousand shares and in total, 40 thousand shares were bought and sold for approximately $103.48 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $2.38, a level that may pose a second chance to hit a runner. According to fan-theory $3.12 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PRPH Signals & Forecast
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. 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 $2.67 and $2.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, August 19, 2024, and so far it has fallen -11.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ProPhase Labs stock
ProPhase Labs finds support from accumulated volume at $2.53 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.380 between high and low, or 15.12%. For the last week the stock has had daily average volatility of 13.62%.
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 Friday 13th
For the upcoming trading day on Friday, 13th we expect ProPhase Labs to open at $2.66, and during the day (based on 14 day Average True Range), to move between $2.30 and $2.88, which gives a possible trading interval of +/-$0.294 (+/-11.33%) up or down from last closing price. If ProPhase Labs takes out the full calculated possible swing range there will be an estimated 22.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.53 (2.32%) than the resistance at $2.70 (4.25%), 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?
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.
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Current score: -4.405 Sell Candidate Unchanged
Predicted Opening Price for ProPhase Labs of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $2.66 ( 2.83%) | $2.59 |
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 | 3.04 | 17.48% |
| R2 | 2.90 | 11.88% |
| R1 | 2.81 | 8.42% |
| Price | 2.59 | |
| S1 | 2.52 | -2.77% |
| S2 | 2.43 | -6.23% |
| S3 | 2.28 | -11.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.94 | 13.51% |
| R2 | 2.75 | 6.18% |
| R1 | 2.70 | 4.25% |
| Price | 2.59 | |
| S1 | 2.53 | -2.32% |
| S2 | 2.50 | -3.47% |
| S3 | 2.40 | -7.34% |
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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