PRG Price Prediction Next Week
Analysis and Insights
Technical Analysis:
The stock price of PRG is currently showing bearish momentum, with the Relative Strength Index (RSI) at 34.41, indicating oversold conditions. The MACD is negative at -2.77, suggesting continued downward pressure. The stock is trading below its 20, 50, and 200-day moving averages, which further confirms the bearish trend.
Fibonacci Levels:
The Fibonacci pivot point is at 27.16, with resistance levels at 28.22 and 28.87, and support levels at 26.11 and 25.46. The stock is currently trading near the pivot point, indicating potential volatility in the short term.
News Sentiment:
Recent news indicates that the general contractors and builders sector, which includes PRG, has been underperforming, with a decline of approximately 0.6% on Monday. This sector weakness could continue to weigh on PRG's stock price in the near term.
Price Prediction:
Based on the technical indicators and sector trends, the stock is expected to test the lower support levels next week. The predicted price range for PRG is between 26.11 and 25.46, with a potential bounce to 28.22 if market conditions improve.
Recommendation:
Given the bearish technical indicators and sector weakness, it is recommended to sell PRG in the next trading week. The stock is likely to continue its downward trend, with limited upside potential in the short term.
PRG Similar Chart Price Prediction
The price of PRG is predicted to go up 0.12%, based on the high correlation periods with EEFT. The similarity of these two price pattern on the periods is 99.69%.
PRG
EEFT
Up: 0.12%Similarity: 99.69%
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PRG Analyst's Forecast
Kyle Joseph
Jefferies
Strong Buy → Hold
2025-02-26
Price Target
$58 → $29
Upside
+4.73%
Jefferies downgraded Prog Holdings to Hold from Buy with a price target of $29, down from $58. The firm cites headwinds such as margin pressure, a lack of discretionary purchase recovery, and mixed credit trends for the downgrade. The firm awaits catalysts from a more favorable environment before again recommending Prog shares. Jefferies sees growing evidence of a delayed industry recovery, and says the company's exposures to "challenged" retail segments and mixed credit trends "dampens" its primary thesis.
Kyle Joseph
Stephens & Co.
Buy
2025-01-02
Price Target
$60
Upside
+41.84%
Kyle Joseph
Stephens & Co.
Buy
2024-11-13
Price Target
$60
Upside
+22.85%
