Park Hotels & Resorts Inc Forecast and Stock Analysis
Technical PK stock analysis for April 25, 2019.
|Shorts||7.90% ( 2019-03-29 )|
Park Hotels & Resorts Inc fell by -0.54% in the last day from $31.60 to $31.43 The price has fallen in 6 of the last 10 days and is down by -1.57% for this period. Volume has increased in the last day by 0.31 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.31 million shares bought and sold for approximately $41.09 million.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the PK stock was $31.43. This is 0.54% less than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 1.46% from a day low at $31.11 to a day high of $31.56.
30 day high of the PK stock price was $32.49 and low was $30.41.
90 day high was $32.49 and low was $28.12.
52 week high for the Park Hotels & Resorts Inc - $34.27 and low - $25.30.
Park Hotels & Resorts Inc lies in the middle of a weak 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 6.57% during the next 3 months and, with 90% probability hold a price between $32.72 and $35.69 at the end of this period.
There are few to none technical positive signals at the moment. Park Hotels & Resorts Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $31.43. On a fall, the stock will find some support from the short-term average at $31.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday April 24, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 42 and the stock is currently not being overbought or oversold
Support & Resistance
Park Hotels & Resorts Inc finds support from accumulated volume at $31.38.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.45 (1.46%) between high and low. For the last week, the stock has had a daily average volatility of 1.64%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Park Hotels & Resorts Inc stock holds several negative signals and despite the positive trend we believe Park Hotels & Resorts Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
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|PK $31.43 ($-0.17 -0.54%)|
PK is down $0.17 today, but where's it headed in 2019?
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