Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of PACI-UN will decline by -37.98% over the next 2 Weeks and hit $11.05 by Friday, November 24, 2023. In that time frame, PACI-UN's share price is expected to range between $10.97 and $11.13.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 24, 2023 | 10.98 | 11.05 | 11.13 |
| Nov 23, 2023 | 10.99 | 11.06 | 11.14 |
| Nov 22, 2023 | 10.98 | 11.06 | 11.13 |
| Nov 21, 2023 | 11.02 | 11.10 | 11.18 |
| Nov 20, 2023 | 10.94 | 11.02 | 11.09 |
| Nov 17, 2023 | 10.93 | 11.00 | 11.08 |
| Nov 16, 2023 | 10.94 | 11.01 | 11.09 |
| Nov 15, 2023 | 10.93 | 11.01 | 11.09 |
| Nov 14, 2023 | 10.97 | 11.04 | 11.12 |
| Nov 13, 2023 | 10.89 | 10.97 | 11.05 |
| Nov 10, 2023 | 10.73 | 10.81 | 10.89 |
PACI-UN shares fell -10.90% in Friday, December 1, 2023's trading session, dropping from a previous close of $32.41 to move at $17.82. The stock demonstrated notable intraday movement (see PACI-UN's key stats for a full breakdown), fluctuating between $16.05 and $17.82, a +11.03% trading range. While recent weeks have seen some volatility, PACI-UN has managed to secure a +64.54% gain over the past 2 weeks. The downward price movement was accompanied by decreased trading volume, with approximately 421 shares changing hands, 535 fewer than the previous session. This amounted to $7.50K in total market activity.
Will PACI-UN Continue Its Downward Trend?
According to analyst ratings and projections for PACI-UN, PROOF Acquisition Corp I shares are anticipated to decrease by -60.17%, potentially reaching $11.13 per share by November 24, 2023. Short-term technical indicators for PACI-UN currently suggest a bearish sentiment. This aligns with the stock's recent performance, as it has recorded 25 negative trading days within the past 30 sessions. Based on the PACI-UN stock forecast, now is not the best time to buy PACI-UN stock because its current trading price is +61.25% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on PACI-UN covering social and institutional perspectives.
PACI-UN Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into PACI-UN's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 55.31% to 57.07%) suggest the stock is in a neutral to slightly bearish momentum phase. The 50-day RSI, at 57.77%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 57.94%, maintains a neutral outlook for the long term. Insights into PACI-UN's shareholder base show how institutional investors are positioning themselves during these momentum shifts

