RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PRA
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ProAssurance Corporation stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Gain 0.94% PDF

The ProAssurance Corporation stock price gained 0.94% on the last trading day (Thursday, 28th Mar 2024), rising from $12.74 to $12.86. During the last trading day the stock fluctuated 2.13% from a day low at $12.69 to a day high of $12.96. The price has fallen in 6 of the last 10 days but is still up by 7.26% over the past 2 weeks. Volume fell on the last day by -46 thousand shares and in total, 257 thousand shares were bought and sold for approximately $3.31 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.50% during the next 3 months and, with a 90% probability hold a price between $10.46 and $12.26 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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PRA Signals & Forecast

The ProAssurance 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 $12.42 and $12.67. 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 8.43%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for ProAssurance Corporation stock

ProAssurance Corporation finds support from accumulated volume at $12.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.270 between high and low, or 2.13%. For the last week, the stock has had daily average volatility of 2.68%.

Our recommended stop-loss: $12.43 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (PRA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ProAssurance Corporation to open at $12.84, and during the day (based on 14 day Average True Range), to move between $12.48 and $13.24, which gives a possible trading interval of +/-$0.382 (+/-2.97%) up or down from last closing price. If ProAssurance Corporation takes out the full calculated possible swing range there will be an estimated 5.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.00 (1.09%) than the support at $12.43 (3.34%), 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 ProAssurance Corporation stock A Buy?

ProAssurance Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.426 Hold/Accumulate Downgraded

Predicted Opening Price for ProAssurance Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$12.84 ( 0.181%) $12.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PRA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.11 1.92 %
R2 13.00 1.12 %
R1 12.94 0.621 %
Current price: 12.86
Support S1 12.73 -0.98 %
S2 12.67 -1.48 %
S3 12.57 -2.28 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.11 1.94 %
R2 13.10 1.87 %
R1 13.00 1.09 %
Current price 12.86
Support S1 12.43 -3.34%
S2 12.36 -3.89%
S3 11.98 -6.84%

PRA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 08, 2023 Mar 28, 2023 Apr 13, 2023 $0.0500 0.271%
2 Nov 30, 2022 Dec 21, 2022 Jan 10, 2023 $0.0500 0.279%
3 Sep 08, 2022 Sep 28, 2022 Oct 13, 2022 $0.0500 0.247%
4 May 24, 2022 Jun 14, 2022 Jun 29, 2022 $0.0500 0.216%
5 Mar 02, 2022 Mar 23, 2022 Apr 07, 2022 $0.0500 0.190%

FAQ

What is the symbol for ProAssurance Corporation Stock and on which exchange is it traded?
The symbol for ProAssurance Corporation is PRA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell ProAssurance Corporation Stock?
ProAssurance Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy ProAssurance Corporation Stock?
ProAssurance Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ProAssurance Corporation Stock.

What's the current price of ProAssurance Corporation Stock?
As of the end of day on the 2024-03-28, the price of an ProAssurance Corporation (PRA) share was $12.86.

What is the 52-week high and low for ProAssurance Corporation Stock?
The 52-week high for ProAssurance Corporation Stock is $19.38 and the 52-week low is $11.76.

What is the market capitalization of ProAssurance Corporation Stock?
As of the 2024-03-28, the market capitalization of ProAssurance Corporation is 655.481M.

When is the next earnings date for ProAssurance Corporation?
The upcoming earnings date for ProAssurance Corporation is May 14, 2024.
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About ProAssurance Corporation

ProAssurance ProAssurance Corporation, through its subsidiaries, provides property and casualty insurance, and reinsurance products in the United States. The company operates through Specialty Property and Casualty, Workers' Compensation Insurance, Segregated Portfolio Cell Reinsurance, and Lloyd's Syndicate segments. It offers professional liability insurance for healthcare providers and institutions, and attorneys; liability insurance for medical technology... PRA Profile

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