PAR Technology Corporation Forecast and Stock Analysis
Technical PAR stock analysis for February 15, 2019.
|Shorts||9.74% ( 2019-01-31 )|
PAR Technology Corporation gained 0.45% in the last trading day, rising from $26.63 to $26.75 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 9.14% over the past 2 weeks. Volume fell in the last day by -56 047 shares, and in total, 51 930 shares bought and sold for approximately $1.39 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PAR stock was $26.75. This is 0.45% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.02% from a day low at $26.55 to a day high of $26.82.
30 day high of the PAR stock price was $27.13 and low was $21.64.
90 day high was $27.13 and low was $15.78.
52 week high for the PAR Technology Corporation - $27.13 and low - $8.50.
PAR Technology Corporation lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $27.69 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 49.75% during the next 3 months and, with 90% probability hold a price between $34.00 and $41.46 at the end of this period.
PAR Technology Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $25.59 and $23.41. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $24.03 and $22.27.
There is 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, PAR Technology Corporation finds support just below today's level at $24.03. If this is broken, then the next support from accumulated volume will be at $22.27 and $21.75.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $25.86 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Strong Buy Candidate
PAR Technology Corporation holds several positive signals and is within a strong 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.