RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PK
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Evaluation of Park Hotels & Resorts Inc stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 21, 2024 Gain 11.83% PDF

The Park Hotels & Resorts Inc stock price fell by -0.91% on the last day (Thursday, 28th Mar 2024) from $17.65 to $17.49. During the last trading day the stock fluctuated 1.78% from a day low at $17.43 to a day high of $17.74. The price has risen in 7 of the last 10 days and is up by 2.7% over the past 2 weeks. Volume has increased on the last day by 1 million 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, 3 million shares were bought and sold for approximately $57.52 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.35% during the next 3 months and, with a 90% probability hold a price between $17.87 and $20.32 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

PK Signals & Forecast

The Park Hotels & Resorts Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $17.59. On a fall, the stock will find some support from the long-term average at approximately $16.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.46%. 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 Park Hotels & Resorts Inc stock

Park Hotels & Resorts Inc finds support from accumulated volume at $17.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.310 between high and low, or 1.78%. For the last week the stock has had daily average volatility of 1.91%.

Our recommended stop-loss: $16.92 (-3.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (PK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Park Hotels & Resorts Inc to open at $17.55, and during the day (based on 14 day Average True Range), to move between $17.13 and $17.85, which gives a possible trading interval of +/-$0.365 (+/-2.09%) up or down from last closing price. If Park Hotels & Resorts Inc takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.52 (0.17%) than the support at $17.32 (0.97%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Park Hotels & Resorts Inc stock A Buy?

Park Hotels & Resorts Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.569 Hold/Accumulate Downgraded

Predicted Opening Price for Park Hotels & Resorts Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.55 ( 0.362%) $17.49

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.86 2.13 %
R2 17.74 1.46 %
R1 17.67 1.04 %
Current price: 17.49
Support S1 17.43 -0.315 %
S2 17.36 -0.733 %
S3 17.24 -1.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.75 1.49 %
R2 17.65 0.91 %
R1 17.52 0.172 %
Current price 17.49
Support S1 17.32 -0.97%
S2 15.56 -11.03%
S3 15.47 -11.55%

PK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2024 Mar 27, 2024 Apr 15, 2024 $0.250 1.43%
2 Oct 27, 2023 Dec 28, 2023 Jan 16, 2024 $0.770 4.83%
3 Sep 08, 2023 Sep 28, 2023 Oct 16, 2023 $0.150 1.24%
4 Jun 08, 2023 Jun 29, 2023 Jul 17, 2023 $0.150 1.15%
5 Mar 15, 2023 Mar 30, 2023 Apr 17, 2023 $0.150 1.25%

FAQ

What is the symbol for Park Hotels & Resorts Inc Stock and on which exchange is it traded?
The symbol for Park Hotels & Resorts Inc is PK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Park Hotels & Resorts Inc Stock?
Park Hotels & Resorts Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Park Hotels & Resorts Inc Stock?
Park Hotels & Resorts Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Park Hotels & Resorts Inc Stock.

What's the current price of Park Hotels & Resorts Inc Stock?
As of the end of day on the 2024-03-28, the price of an Park Hotels & Resorts Inc (PK) share was $17.49.

What is the 52-week high and low for Park Hotels & Resorts Inc Stock?
The 52-week high for Park Hotels & Resorts Inc Stock is $18.05 and the 52-week low is $11.05.

What is the market capitalization of Park Hotels & Resorts Inc Stock?
As of the 2024-03-28, the market capitalization of Park Hotels & Resorts Inc is 3.682B.

When is the next earnings date for Park Hotels & Resorts Inc?
The upcoming earnings date for Park Hotels & Resorts Inc is Apr 30, 2024.
Click to get the best stock tips daily for free!

About Park Hotels & Resorts Inc

Park Hotels & Resorts Park is the second largest publicly traded lodging REIT with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park's portfolio currently consists of 60 premium-branded hotels and resorts with over 33,000 rooms primarily located in prime city center and resort locations.... PK Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT