PRK Forecast and Technical Stock AnalysisBuy candidate since 2019-07-12
Park National Corp gained 0.96% in the last trading day ( Friday, 12th Jul 2019 ), rising from $97.52 to $98.46 During day the stock fluctuated 2.17% from a day low at $97.31 to a day high of $99.42. The price has risen in 6 of the last 10 days , but is still down by -0.03% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 9 646 more shares were traded than the day before. In total, 43 014 shares bought and sold for approximately $4.24 million.
- 30 day high of the PRK stock price was $100.13 and low was $94.39.
- 90 day high was $100.88 and low was $90.82.
- 52 week high for the Park National Corp - $114.62 and low - $79.27.
Given the current horizontal trend you can expect Park National Corp with 90% probability to be traded between $96.92 and $103.64 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Park National Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $98.49. On a fall, the stock will find some support from the long-term average at approximately $97.91. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday July 11, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 57 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Park National Corp finds support from accumulated volume at $96.36.
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 $2.11 (2.17%) between high and low. For the last week, the stock has had a daily average volatility of 1.95%.
Our recommended stoploss: $92.90 (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
1.95 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|PRK $98.46 ($0.94 0.96%)|
PRK is up $0.94 today, but where's it headed in 2019?
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