Previous Hold Today PRSC ranks #1188 as HOLD CANDIDATE. Next Hold
Today PRSC ranks #1188 as HOLD CANDIDATE.

PRSC stock The Providence Service Corporation

PRSC stock
The Providence Service Corporation

Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE 0.18%
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell
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0.00%
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The Providence Service Corporation Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Hold candidate since 2018-12-12
Shorts n/a
Cash n/a
Loans n/a
Beta 0.74
ROA 4.39

The Providence Service Corporation gained 0.18% in the last trading day, rising from $67.60 to $67.72 The price has risen in 5 of the last 10 days and is up by 0.09% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 24 166 more shares were traded than the day before. In total, 53 764 shares bought and sold for approximately $3.64 million.

Trend

The Providence Service Corporation lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $66.15 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 3.76% during the next 3 months and, with 90% probability hold a price between $68.64 and $78.57 at the end of this period.

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Signals

There are mixed signals in the stock today. The Providence Service Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $68.26 and $67.83. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, 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.

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Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

The Providence Service Corporation finds support from accumulated volume at $67.62.

Support: $67.62 Price: $67.72 Resistance: $68.14

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 $2.52 (3.79%) between high and low. For the last week, the stock has had a daily average volatility of 4.30%.

Our recommended stoploss: $63.59 (-6.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

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Evaluation

The Providence Service Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today PRSC ranks #1188 as HOLD CANDIDATE. Next Hold
Today PRSC ranks #1188 as HOLD CANDIDATE.