PROS Holdings Inc (PRO): Price Now Near $32.45; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for PRO

At the time of this writing, PRO (Get Ratings)’s price is down $-0.45 (-1.37%) from the hour prior. PRO has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

PRO ranks 312th in terms of today’s price percentage change out of Business Services stocks.

PRO’s Technical Outlook on the Daily Chart

At the moment, PRO’s price is down $-0.45 (-1.37%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as PRO has now gone down 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows PRO’s price action over the past 90 days.

PRO

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PRO: Daily RSI Analysis

  • For PRO, its RSI is now at 4.9587.
  • PRO and RSI may be exhibiting divergent trends. This may be something to monitor.

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