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 PRLB
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Proto Labs Inc stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Proto Labs Inc stock price gained 1.05% on the last trading day (Thursday, 28th Mar 2024), rising from $35.38 to $35.75. During the last trading day the stock fluctuated 2.07% from a day low at $35.27 to a day high of $36.00. The price has risen in 6 of the last 10 days and is up by 5.3% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 91 thousand shares were bought and sold for approximately $3.26 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 -4.95% during the next 3 months and, with a 90% probability hold a price between $30.92 and $35.48 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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PRLB Signals & Forecast

The Proto Labs Inc 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 $34.86 and $35.72. 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 6.65%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 8.34% to $38.73 within 23 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Proto Labs Inc stock

Proto Labs Inc finds support from accumulated volume at $35.58 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 $0.730 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 2.14%.

Our recommended stop-loss: $34.28 (-4.12%) (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 (PRLB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Proto Labs Inc to open at $35.67, and during the day (based on 14 day Average True Range), to move between $34.73 and $36.77, which gives a possible trading interval of +/-$1.02 (+/-2.85%) up or down from last closing price. If Proto Labs Inc takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.58 (0.48%) than the resistance at $36.10 (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Proto Labs Inc stock A Buy?

Proto Labs Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.870 Hold/Accumulate Upgraded

Predicted Opening Price for Proto Labs Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$35.67 ( 0.214%) $35.75

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

Trading levels for PRLB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.40 1.83 %
R2 36.12 1.05 %
R1 35.95 0.566 %
Current price: 35.75
Support S1 35.39 -0.99 %
S2 35.22 -1.48 %
S3 34.94 -2.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 36.87 3.13 %
R2 36.43 1.90 %
R1 36.10 0.98 %
Current price 35.75
Support S1 35.58 -0.476%
S2 35.43 -0.90%
S3 33.52 -6.24%

FAQ

What is the symbol for Proto Labs Inc Stock and on which exchange is it traded?
The symbol for Proto Labs Inc is PRLB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Proto Labs Inc Stock?
Proto Labs Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Proto Labs Inc Stock?
As of the end of day on the 2024-03-28, the price of an Proto Labs Inc (PRLB) share was $35.75.

What is the 52-week high and low for Proto Labs Inc Stock?
The 52-week high for Proto Labs Inc Stock is $41.87 and the 52-week low is $23.01.

What is the market capitalization of Proto Labs Inc Stock?
As of the 2024-03-28, the market capitalization of Proto Labs Inc is 919.562M.

When is the next earnings date for Proto Labs Inc?
The upcoming earnings date for Proto Labs Inc is May 03, 2024.
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About Proto Labs Inc

Proto Labs Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography, selective laser sintering, direct metal laser sintering, multi jet fusion, polyjet, and carbon DLS processes; and sheet metal fabricat... PRLB Profile

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