Primerica Inc Stock Forecast
Primerica Inc stock price up 1.60% on Wednesday
(Updated on Apr 24, 2024)
The Primerica Inc stock price gained 1.60% on the last trading day (Wednesday, 24th Apr 2024), rising from $218.39 to $221.88. It has now gained 4 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 2.12% from a day low at $217.89 to a day high of $222.50. The price has been going up and down for this period, and there has been a -8.78% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 146 thousand shares were bought and sold for approximately $32.46 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 -2.89% during the next 3 months and, with a 90% probability hold a price between $203.54 and $246.51 at the end of this 3-month period.
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PRI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 5.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Primerica 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 $239.63. On a fall, the stock will find some support from the short-term average at $215.50. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Primerica Inc stock
Primerica Inc finds support from accumulated volume at $215.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the 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 $4.61 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Primerica Inc to open at $220.76, and during the day (based on 14 day Average True Range), to move between $214.98 and $228.78, which gives a possible trading interval of +/-$6.90 (+/-3.11%) up or down from last closing price. If Primerica Inc takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $222.09 (0.09%) than the support at $215.04 (3.08%), 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 Primerica Inc stock A Buy?
Primerica 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: -1.720 Sell Candidate Unchanged
Predicted Opening Price for Primerica Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $220.76 ( 0.506%) | $221.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 225.37 | 1.57 % | |
| R2 | 223.61 | 0.778 % | ||
| R1 | 222.52 | 0.287 % | ||
| Current price: | 221.88 | |||
| Support | S1 | 219.00 | -1.30 % | |
| S2 | 217.91 | -1.79 % | ||
| S3 | 216.15 | -2.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 246.88 | 11.27 % | |
| R2 | 223.39 | 0.681 % | ||
| R1 | 222.09 | 0.0946 % | ||
| Current price | 221.88 | |||
| Support | S1 | 215.04 | -3.08% | |
| S2 | 213.04 | -3.98% | ||
| S3 | 210.09 | -5.31% |
PRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 21, 2024 | Mar 12, 2024 | $0.750 | 0.304% |
| 2 | Feb 08, 2024 | Feb 20, 2024 | Mar 12, 2024 | $0.750 | 0.304% |
| 3 | Nov 07, 2023 | Nov 20, 2023 | Dec 12, 2023 | $0.650 | 0.303% |
| 4 | Aug 07, 2023 | Aug 21, 2023 | Sep 11, 2023 | $0.650 | 0.321% |
| 5 | Aug 07, 2023 | Aug 18, 2023 | Sep 11, 2023 | $0.650 | 0.321% |
FAQ
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