PAR Technology Corporation Stock Forecast
On Wednesday, PAR Technology Corporation stock price gained an impressive 5.52%
(Updated on Mar 27, 2024)
The PAR Technology Corporation stock price gained 5.52% on the last trading day (Wednesday, 27th Mar 2024), rising from $42.72 to $45.08. It has now gained 3 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. During the last trading day the stock fluctuated 4.45% from a day low at $43.39 to a day high of $45.32. The price has been going up and down for this period, and there has been a 4.23% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 309 thousand more shares were traded than the day before. In total, 547 thousand shares were bought and sold for approximately $24.67 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PAR Technology Corporation stock with a 90% probability to be traded between $40.40 and $48.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PAR Signals & Forecast
Mostly positive signals in the chart today. The PAR Technology Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $42.41 and $44.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 10.27%. 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 PAR Technology Corporation stock
PAR Technology Corporation finds support from accumulated volume at $44.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.93 (4.45%) between high and low. For the last week, the stock has had daily average volatility of 4.94%.
Our recommended stop-loss: $43.36 (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (PAR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect PAR Technology Corporation to open at $44.60, and during the day (based on 14 day Average True Range), to move between $43.02 and $47.14, which gives a possible trading interval of +/-$2.06 (+/-4.56%) up or down from last closing price. If PAR Technology Corporation takes out the full calculated possible swing range there will be an estimated 9.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.42 (0.75%) than the support at $44.11 (2.15%), 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 PAR Technology Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PAR Technology Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.971 Buy Candidate Upgraded
Predicted Opening Price for PAR Technology Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$44.60 ( 1.07%) | $45.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PAR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.53 | 3.21 % | |
R2 | 45.79 | 1.57 % | ||
R1 | 45.33 | 0.563 % | ||
Current price: | 45.08 | |||
Support | S1 | 43.86 | -2.71 % | |
S2 | 43.40 | -3.72 % | ||
S3 | 42.67 | -5.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.91 | 4.06 % | |
R2 | 46.07 | 2.20 % | ||
R1 | 45.42 | 0.754 % | ||
Current price | 45.08 | |||
Support | S1 | 44.11 | -2.15% | |
S2 | 43.51 | -3.48% | ||
S3 | 42.60 | -5.50% |
PAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 04, 2019 | Sep 26, 2019 | Oct 11, 2019 | $0.310 | 1.36% |
2 | Sep 18, 2017 | Sep 28, 2017 | Oct 16, 2017 | $0.0170 | 0.155% |
3 | Aug 16, 2017 | Aug 29, 2017 | Sep 15, 2017 | $0.0170 | 0.166% |
FAQ
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