PROS Holdings Inc Forecast and Stock Analysis
Technical PRO stock analysis for March 15, 2019.
|Shorts||11.72% ( 2019-02-28 )|
PROS Holdings Inc gained 2.24% in the last trading day, rising from $41.03 to $41.95 The price has been going up and down for this period, and there has been a -2.56% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 96 185 more shares were traded than the day before. In total, 277 913 shares bought and sold for approximately $11.66 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the PRO stock was $41.95. This is 2.24% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 3.55% from a day low at $40.56 to a day high of $42.00.
30 day high of the PRO stock price was $44.33 and low was $38.89.
90 day high was $44.33 and low was $28.67.
52 week high for the PROS Holdings Inc - $44.33 and low - $28.18.
PROS Holdings Inc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $41.58 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 47.56% during the next 3 months and, with 90% probability hold a price between $61.35 and $67.19 at the end of this period.
Only positive signals in the chart today. PROS Holdings Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $41.41 and $39.26. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 06, 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)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
PROS Holdings Inc finds support from accumulated volume at $40.64.
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 $1.44 (3.55%) between high and low. For the last week, the stock has had a daily average volatility of 2.05%.
Our recommended stoploss: $39.64 (-5.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)
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Evaluation: Strong Buy Candidate
PROS Holdings Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.