U.S. Auto Parts Network Stock Forecast
U.S. Auto Parts Network stock upgraded to Sell Candidate.
(Updated on Apr 24, 2024)
No changes to the price of U.S. Auto Parts Network stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 2.44% from a day low at $1.23 to a day high of $1.26. The price has fallen in 7 of the last 10 days and is down by -17.22% for this period.
The stock lies in the middle of a very 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 -54.20% during the next 3 months and, with a 90% probability hold a price between $0.506 and $0.705 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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PRTS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has fallen 0%. 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 U.S. Auto Parts Network 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 $1.29 and $1.61. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for U.S. Auto Parts Network 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 may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0300 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 4.47%.
U.S. Auto Parts Network is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRTS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect U.S. Auto Parts Network to open at $1.25, and during the day (based on 14 day Average True Range), to move between $1.17 and $1.33, which gives a possible trading interval of +/-$0.0819 (+/-6.55%) up or down from last closing price. If U.S. Auto Parts Network takes out the full calculated possible swing range there will be an estimated 13.11% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.29, some $0.0400 (3.20%) from the current price of $1.25, our system finds the risk reward not very attractive.
Is U.S. Auto Parts Network stock A Buy?
U.S. Auto Parts Network holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.750 Sell Candidate Upgraded
Predicted Opening Price for U.S. Auto Parts Network of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.25 ( 0.267%) | $1.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.28 | 2.13 % | |
| R2 | 1.27 | 1.22 % | ||
| R1 | 1.26 | 0.650 % | ||
| Current price: | 1.25 | |||
| Support | S1 | 1.24 | -1.18 % | |
| S2 | 1.23 | -1.75 % | ||
| S3 | 1.22 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 20.80 % | |
| R2 | 1.31 | 4.80 % | ||
| R1 | 1.29 | 3.20 % | ||
| Current price | 1.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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