ProPhase Labs Stock Forecast
ProPhase Labs stock price up more than 6.52% on Wednesday
(Updated on May 08, 2024)
The ProPhase Labs stock price gained 6.52% on the last trading day (Wednesday, 8th May 2024), rising from $5.06 to $5.39. During the last trading day the stock fluctuated 8.40% from a day low at $5.12 to a day high of $5.55. The price has fallen in 5 of the last 10 days but is still up by 6.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately $308.63 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.90% during the next 3 months and, with a 90% probability hold a price between $5.26 and $8.46 at the end of this 3-month period.
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PRPH Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 16.92%. 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). ProPhase Labs has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ProPhase Labs stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.83. On a fall, the stock will find some support from the short-term average at $5.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for ProPhase Labs stock
ProPhase Labs finds support from accumulated volume at $5.26 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 $0.430 between high and low, or 8.40%. For the last week, the stock has had daily average volatility of 7.40%.
Our recommended stop-loss: $5.17 (-4.02%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (PRPH) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect ProPhase Labs to open at $5.35, and during the day (based on 14 day Average True Range), to move between $4.94 and $5.84, which gives a possible trading interval of +/-$0.450 (+/-8.35%) up or down from last closing price. If ProPhase Labs takes out the full calculated possible swing range there will be an estimated 16.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.44 (0.93%) than the support at $5.26 (2.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
ProPhase Labs will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.280. We will update the financials statements for ProPhase Labs, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.07% in the first trading day after earnings release.
Is ProPhase Labs stock A Buy?
ProPhase Labs 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.692 Hold/Accumulate Upgraded
Predicted Opening Price for ProPhase Labs of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $5.35 ( 0.680%) | $5.39 |
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 | 5.78 | 7.30 % | |
| R2 | 5.62 | 4.25 % | ||
| R1 | 5.52 | 2.37 % | ||
| Current price: | 5.39 | |||
| Support | S1 | 5.19 | -3.73 % | |
| S2 | 5.09 | -5.61 % | ||
| S3 | 4.92 | -8.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.40 | 18.74 % | |
| R2 | 6.27 | 16.33 % | ||
| R1 | 5.44 | 0.93 % | ||
| Current price | 5.39 | |||
| Support | S1 | 5.26 | -2.41% | |
| S2 | 4.95 | -8.16% | ||
| S3 | 4.47 | -17.07% |
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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