14-day Premium Trial Subscription Try For FreeTry Free
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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Monday for ProAssurance Corporation
(Updated on Mar 18, 2024)

Sell candidate since Feb 28, 2024 Loss -4.05% PDF

The ProAssurance Corporation stock price fell by -1.00% on the last day (Monday, 18th Mar 2024) from $11.98 to $11.86. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.33% from a day low at $11.79 to a day high of $12.07. The price has fallen in 7 of the last 10 days and is down by -5.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -527 thousand shares and in total, 207 thousand shares were bought and sold for approximately $2.45 million.

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 -9.16% during the next 3 months and, with a 90% probability hold a price between $10.22 and $12.02 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PRA Signals & Forecast

There are few to no technical positive signals at the moment. The ProAssurance Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.09 and $12.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, January 29, 2024, and so far it has fallen -15.23%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for ProAssurance Corporation stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.275 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 2.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PRA) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect ProAssurance Corporation to open at $11.91, and during the day (based on 14 day Average True Range), to move between $11.45 and $12.27, which gives a possible trading interval of +/-$0.405 (+/-3.42%) up or down from last closing price. If ProAssurance Corporation takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $11.98, some $0.120 (1.01%) from the current price of $11.86, our system finds the risk reward not very attractive.

Is ProAssurance Corporation stock A Buy?

ProAssurance Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.395 Sell Candidate Unchanged

Predicted Opening Price for ProAssurance Corporation of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$11.91 ( 0.379%) $11.86

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 12.18 2.70 %
R2 12.07 1.81 %
R1 12.01 1.27 %
Current price: 11.86
Support S1 11.80 -0.506 %
S2 11.74 -1.05 %
S3 11.63 -1.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.36 4.22 %
R2 12.33 3.96 %
R1 11.98 1.01 %
Current price 11.86
Support S1 0 .
S2 0 .
S3 0 .

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 negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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 2024-03-18, the price of an ProAssurance Corporation (PRA) share was $11.86.

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 2024-03-18, the market capitalization of ProAssurance Corporation is 604.51M.

When is the next earnings date for ProAssurance Corporation?
The upcoming earnings date for ProAssurance Corporation is May 14, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT