VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

PARR Forecast and Technical Stock Analysis

Hold candidate since 2019-07-03 Gain 4.00%

PAR PETE CORP gained 0.68% in the last trading day ( Friday, 12th Jul 2019 ), rising from $22.19 to $22.34 During day the stock fluctuated 1.67% from a day low at $22.13 to a day high of $22.50. The price has risen in 8 of the last 10 days and is up by 11.37% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 215 074 more shares were traded than the day before. In total, 342 986 shares bought and sold for approximately $7.66 million.

Quick summary:

  • 30 day high of the PARR stock price was $22.50 and low was $18.91.
  • 90 day high was $22.50 and low was $18.22.
  • 52 week high for the PAR PETE CORP - $22.50 and low - $13.68.
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Trend

PAR PETE CORP has broken the wide and weak 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 $22.32, a level that may pose a second chance to hit a runner. According to fan-theory $24.98 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

PAR PETE CORP 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 $21.91 and $20.19. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday June 25, 2019, 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.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 85 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $20.52 and $19.50.

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 PETE CORP finds support just below today's level at $20.52. If this is broken, then the next support from accumulated volume will be at $19.50 and $19.15.

Support: $20.52 Price: $22.34

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 $0.37 between high and low, or 1.67%. For the last week, the stock has had a daily average volatility of 1.51%.

The stock is extremely overbought on RSI14 (85). 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: $21.46 (-3.92%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from pivot bottom found 12 days ago.)

1.51 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate

Evaluation

PAR PETE CORP holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Previous Hold Today PARR ranks #2919 as HOLD CANDIDATE #2919 Next Hold

Will PARR stock price go up or down on Tue, 16 Jul 2019?

Predict
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