PROS Holdings Inc Stock Forecast
PROS Holdings Inc stock downgraded to Sell Candidate
(Updated on Apr 18, 2024)
The PROS Holdings Inc stock price fell by -0.594% on the last day (Thursday, 18th Apr 2024) from $33.68 to $33.48. During the last trading day the stock fluctuated 2.19% from a day low at $33.39 to a day high of $34.12. The price has been going up and down for this period, and there has been a -11.19% loss for the last 2 weeks. Volume has increased on the last day by 99 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 270 thousand shares were bought and sold for approximately $9.05 million.
Given the current horizontal trend, you can expect PROS Holdings Inc stock with a 90% probability to be traded between $33.28 and $38.05 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PRO Signals & Forecast
There are few to no technical positive signals at the moment. The PROS Holdings Inc 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 $34.76 and $35.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -12.61%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PROS Holdings Inc 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 $0.730 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 3.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect PROS Holdings Inc to open at $33.66, and during the day (based on 14 day Average True Range), to move between $32.37 and $34.59, which gives a possible trading interval of +/-$1.11 (+/-3.32%) up or down from last closing price. If PROS Holdings Inc takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $36.01, some $2.53 (7.56%) from the current price of $33.48, our system finds the risk reward not very attractive.
Is PROS Holdings Inc stock A Buy?
PROS Holdings Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.723 Sell Candidate Downgraded
Predicted Opening Price for PROS Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $33.66 ( 0.548%) | $33.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.39 | 2.73 % | |
| R2 | 34.11 | 1.90 % | ||
| R1 | 33.94 | 1.38 % | ||
| Current price: | 33.48 | |||
| Support | S1 | 33.38 | -0.285 % | |
| S2 | 33.21 | -0.800 % | ||
| S3 | 32.93 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.75 | 9.77 % | |
| R2 | 36.33 | 8.51 % | ||
| R1 | 36.01 | 7.56 % | ||
| Current price | 33.48 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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