RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PSN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Parsons Corporation stock downgraded to Buy Candidate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 10, 2024 Gain 30.71% PDF

The Parsons Corporation stock price gained 0.327% on the last trading day (Thursday, 28th Mar 2024), rising from $82.68 to $82.95. During the last trading day the stock fluctuated 1.79% from a day low at $82.34 to a day high of $83.81. The price has risen in 7 of the last 10 days and is up by 1.9% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $83.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 40.32% during the next 3 months and, with a 90% probability hold a price between $113.12 and $126.55 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PSN Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 06, 2024, and so far it has fallen -0.528%. 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). The Parsons Corporation 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 $82.36 and $78.99. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Parsons Corporation stock

Parsons Corporation finds support from accumulated volume at $82.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.47 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 1.93%.

Our recommended stop-loss: $80.13 (-3.40%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (PSN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Parsons Corporation to open at $83.03, and during the day (based on 14 day Average True Range), to move between $81.37 and $84.53, which gives a possible trading interval of +/-$1.58 (+/-1.90%) up or down from last closing price. If Parsons Corporation takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $83.11 (0.19%) than the support at $82.34 (0.74%), 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.

Is Parsons Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Parsons Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.528 Buy Candidate Downgraded

Predicted Opening Price for Parsons Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$83.03 ( 0.100%) $82.95

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PSN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 84.50 1.87 %
R2 83.94 1.20 %
R1 83.59 0.777 %
Current price: 82.95
Support S1 82.47 -0.576 %
S2 82.12 -0.99 %
S3 81.56 -1.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 83.39 0.530 %
R2 83.27 0.386 %
R1 83.11 0.193 %
Current price 82.95
Support S1 82.34 -0.735%
S2 81.24 -2.06%
S3 79.44 -4.23%

FAQ

What is the symbol for Parsons Corporation Stock and on which exchange is it traded?
The symbol for Parsons Corporation is PSN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Parsons Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Parsons Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Parsons Corporation Stock?
Parsons Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Parsons Corporation Stock.

What's the current price of Parsons Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Parsons Corporation (PSN) share was $82.95.

What is the 52-week high and low for Parsons Corporation Stock?
The 52-week high for Parsons Corporation Stock is $84.19 and the 52-week low is $42.23.

What is the market capitalization of Parsons Corporation Stock?
As of the 2024-03-28, the market capitalization of Parsons Corporation is 8.779B.

When is the next earnings date for Parsons Corporation?
The upcoming earnings date for Parsons Corporation is May 01, 2024.
Click to get the best stock tips daily for free!

About Parsons Corporation

Parsons Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. It operates through two segments, Federal Solutions and Critical Infrastructure. The company offers cyber security and intelligence services, as well as offensive and defensive cybersecurity platforms, tools, and operations to the U.S. Department of Defense and the... PSN Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT