ProPhase Labs Stock Forecast
A very red day for ProPhase Labs stock price after a -5.24% fall in the Tuesday trading session
(Updated on May 07, 2024)
The ProPhase Labs stock price fell by -5.24% on the last day (Tuesday, 7th May 2024) from $5.34 to $5.06. During the last trading day the stock fluctuated 6.31% from a day low at $5.04 to a day high of $5.36. The price has fallen in 6 of the last 10 days and is down by -1.94% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 thousand shares and in total, 16 thousand shares were bought and sold for approximately $80.61 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.69 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.24% during the next 3 months and, with a 90% probability hold a price between $5.27 and $8.48 at the end of this 3-month period.
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PRPH Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 9.76%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ProPhase Labs 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 $5.08 and $5.82. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ProPhase Labs stock
ProPhase Labs finds support from accumulated volume at $4.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.318 between high and low, or 6.31%. For the last week the stock has had daily average volatility of 8.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRPH) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect ProPhase Labs to open at $5.15, and during the day (based on 14 day Average True Range), to move between $4.61 and $5.51, which gives a possible trading interval of +/-$0.447 (+/-8.83%) up or down from last closing price. If ProPhase Labs takes out the full calculated possible swing range there will be an estimated 17.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.95 (2.17%) than the resistance at $5.26 (3.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
ProPhase Labs will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.280. We will update the financials statements for ProPhase Labs, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.07% in the first trading day after earnings release.
Is ProPhase Labs stock A Buy?
The ProPhase Labs stock holds several negative signals and despite the positive trend, we believe ProPhase Labs will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.066 Sell Candidate Unchanged
Predicted Opening Price for ProPhase Labs of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $5.15 ( 1.83%) | $5.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRPH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.47 | 8.11 % | |
| R2 | 5.35 | 5.71 % | ||
| R1 | 5.27 | 4.23 % | ||
| Current price: | 5.06 | |||
| Support | S1 | 5.03 | -0.569 % | |
| S2 | 4.96 | -2.05 % | ||
| S3 | 4.83 | -4.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.27 | 23.91 % | |
| R2 | 5.44 | 7.51 % | ||
| R1 | 5.26 | 3.95 % | ||
| Current price | 5.06 | |||
| Support | S1 | 4.95 | -2.17% | |
| S2 | 4.61 | -8.89% | ||
| S3 | 4.47 | -11.66% |
PRPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2022 | May 24, 2022 | Jun 03, 2022 | $0.300 | 3.05% |
| 2 | Feb 16, 2022 | Feb 28, 2022 | Mar 10, 2022 | $0.300 | 4.55% |
| 3 | May 13, 2021 | May 24, 2021 | Jun 03, 2021 | $0.300 | 6.04% |
| 4 | Nov 20, 2019 | Dec 02, 2019 | Dec 12, 2019 | $0.250 | 11.85% |
| 5 | Dec 26, 2018 | Jan 09, 2019 | Jan 24, 2019 | $0.250 | 8.25% |
FAQ
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