Park Hotels & Resorts Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Park Hotels & Resorts Inc
(Updated on Apr 23, 2024)
The Park Hotels & Resorts Inc stock price gained 2.32% on the last trading day (Tuesday, 23rd Apr 2024), rising from $16.35 to $16.73. 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 2.69% from a day low at $16.35 to a day high of $16.79. The price has fallen in 6 of the last 10 days and is down by -5.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $37.68 million.
The stock lies in the middle of a wide and strong 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 14.57% during the next 3 months and, with a 90% probability hold a price between $18.59 and $20.83 at the end of this 3-month period.
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PK Signals & Forecast
There are mixed signals in the stock today. The Park Hotels & Resorts Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.16. On a fall, the stock will find some support from the short-term average at $16.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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 Park Hotels & Resorts Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $15.64 and $15.26. There is a 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, Park Hotels & Resorts Inc finds support just below today's level at $15.64. If this is broken, then the next support from accumulated volume will be at $15.26 and $15.06.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.440 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Park Hotels & Resorts Inc to open at $16.62, and during the day (based on 14 day Average True Range), to move between $16.31 and $17.15, which gives a possible trading interval of +/-$0.424 (+/-2.53%) up or down from last closing price. If Park Hotels & Resorts Inc takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.17 (2.63%) than the support at $15.64 (6.52%), 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.
Earnings coming up
Park Hotels & Resorts Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.440. We will update the financials statements for Park Hotels & Resorts Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.34% in the first trading day after earnings release.
Is Park Hotels & Resorts Inc stock A Buy?
Park Hotels & Resorts Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.848 Sell Candidate Unchanged
Predicted Opening Price for Park Hotels & Resorts Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $16.62 ( 0.638%) | $16.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.06 | 1.99 % | |
| R2 | 16.90 | 0.99 % | ||
| R1 | 16.79 | 0.367 % | ||
| Current price: | 16.73 | |||
| Support | S1 | 16.46 | -1.64 % | |
| S2 | 16.35 | -2.26 % | ||
| S3 | 16.18 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.65 | 5.50 % | |
| R2 | 17.32 | 3.53 % | ||
| R1 | 17.17 | 2.63 % | ||
| Current price | 16.73 | |||
| Support | S1 | 15.64 | -6.52% | |
| S2 | 15.26 | -8.79% | ||
| S3 | 15.06 | -9.98% |
PK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.250 | 1.49% |
| 2 | Feb 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.250 | 1.49% |
| 3 | Oct 27, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.770 | 4.83% |
| 4 | Sep 08, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.150 | 1.24% |
| 5 | Jun 08, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.150 | 1.15% |
FAQ
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