Weaker Buy Today PRK ranks #1426 as BUY CANDIDATE #1426 Stronger Buy

PRK stock forecast Park National Corp

PRK stock forecast

VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

PRK Forecast and Technical Stock Analysis

Buy 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.

Quick summary:

  • 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.
Top Trending Stocks

Trend

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.

Top Golden Star Stocks

Signals

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.

A buy signal from a double bottom formation was found on Thursday July 11, 2019 and based on theory for this formation the price should go up by 1.84% to $99.70 within 6 trading days since signal was issued (Friday July 19, 2019).

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.

Support: $96.36 Price: $98.46 Resistance: $98.94

Risk

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

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.

Weaker Buy Today PRK ranks #1426 as BUY CANDIDATE #1426 Stronger Buy

Will PRK stock price go up or down on Tue, 16 Jul 2019?

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