PAR - PAR Technology Corporation

Industry: Application Software Sector: Technology Exchange: NYSE

PAR - PAR Technology Corporation

Industry: Application Software Sector: Technology Exchange: NYSE
#55()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 3.79%
PRICE $23.02
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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PAR Technology Corporation Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-08-06 Gain 23.37%
Shorts 12.17% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta -0.64
ROA -6.44

PAR Technology Corporation gained 3.79% in the last trading day, rising from $22.18 to $23.02 , and 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. The price has been going up and down for this period, and there has been a 23.23% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4 917 more shares were traded than the day before. In total, 144 523 shares bought and sold for approximately $3.33 million.

Trend

PAR Technology Corporation has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $21.29, a level that may pose a second chance to hit a runner. According to fan-theory $23.84 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. 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 $20.48 and $18.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 08, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Wednesday August 08, 2018 with a target of $19.61. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

The stock holds a RSI14 at 78 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $21.40 and $21.27.

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 $21.40. If this is broken, then the next support from accumulated volume will be at $21.27 and $17.68.

Support: $21.40 Price: $23.02

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.18 between high and low, or 5.31%. For the last week, the stock has had a daily average volatility of 9.34%.

The stock is extremely overbought on RSI14 (78). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $22.06 (-4.16%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period.

Strong Buy Candidate

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PAR $23.02 $0.84(3.79%)
PAR is up $0.84 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for PAR based on the 1-3 month system that more than doubles the S&P 500.

Click here – the PAR analysis is free »
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