Prosus N.V. Stock Forecast
Stronger technical forecast for Prosus N.V. stock price after Thursday trading.
(Updated on May 02, 2024)
The Prosus N.V. stock price gained 3.74% on the last trading day (Thursday, 2nd May 2024), rising from 31.51€ to 32.69€. During the last trading day the stock fluctuated 2.64% from a day low at 32.04€ to a day high of 32.89€. The price has risen in 6 of the last 10 days and is up by 14.8% 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, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately 136.72€ million.
Given the current short-term trend, the stock is expected to rise 7.87% during the next 3 months and, with a 90% probability hold a price between 29.69€ and 35.26€ at the end of this 3-month period.
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PRX.AS Signals & Forecast
Mostly positive signals in the chart today. The Prosus N.V. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 31.47€ and 29.15€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 25.88%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Prosus N.V. stock
On the downside, the stock finds support just below today's level from accumulated volume at 29.41€ and 29.40€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Prosus N.V. finds support just below today's level at 29.41€. If this is broken, then the next support from accumulated volume will be at 29.40€ and 27.12€.
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 0.84€ between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: 31.52€ (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (PRX.AS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Prosus N.V. to open at 32.54€, and during the day (based on 14 day Average True Range), to move between 31.93€ and 33.45€, which gives a possible trading interval of +/-0.765€ (+/-2.34%) up or down from last closing price. If Prosus N.V. takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 29.41€, some 3.28€ (10.03%) from the current price of 32.69€, our system finds the risk reward attractive.
Is Prosus N.V. stock A Buy?
Prosus N.V. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.313 Strong Buy Candidate Upgraded
Predicted Opening Price for Prosus N.V. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 32.54€ ( 0.464%) | 32.69€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRX.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.38 | 2.12 % | |
| R2 | 33.06 | 1.13 % | ||
| R1 | 32.86 | 0.523 % | ||
| Current price: | 32.69 | |||
| Support | S1 | 32.22 | -1.45 % | |
| S2 | 32.02 | -2.06 % | ||
| S3 | 31.69 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 32.69 | |||
| Support | S1 | 29.41 | -10.03% | |
| S2 | 29.40 | -10.06% | ||
| S3 | 27.12 | -17.05% |
PRX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | 0€ | 0% |
| 2 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | 0.140€ | 0.513% |
| 3 | Oct 28, 2021 | Oct 28, 2021 | Oct 28, 2021 | 0.140€ | 0.399% |
| 4 | Oct 22, 2020 | Oct 22, 2020 | Oct 22, 2020 | 0.110€ | 0.298% |
FAQ
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