Show

Million

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The PRST stock chart shows a bullish pattern known as a declining wedge in the longer trend.</a> </li> 
 <li> <span>2</span> <a>PRST stock’s performance has been dismal this month.</a> </li> 
</ul> 
<p>Basically, Presto Automation, Inc. is a company that offers AI-powered solutions for the restaurant business industry. It has specialized itself in its Presto Voice AI, which is a voice-based ordering system from any menu card of a restaurant, it can handle complex and customized orders as well. The company was founded by Rajat Suri, a former MIT engineer, in 2008 and is based in San Carlos, CA.</p> 
<p>The PRST stock has a CMP of $1.03 and an intraday loss of 10.78%. The stock’s average volume for the last 10 days is 141.007K and its current volume is 189.93K. The PRST stock has a float of 22.704 Million shares and a market cap of $22.704 Million.</p> 
<p>Moreover, PRST has not shown good performance and was dismal this month, as it fell by 39.12% and by 69.20% in the past six months. Also, the year-to-date return is negative with a 54.80% decline.</p> 
<p>The PRST stock price erupted from $1.2 and surged higher and higher, setting new records and levels along the way. It revealed a stunning 5x growth in the stock price by July 2023. However, it nosedived as investors triggered a sell-off and it ended up in a declining channel. This declining channel is dragging the PRST price to new depths on the chart.</p> 
<p>Conversely, on a longer trend, it seems like the stock is geared for a remarkable rally as it shows a bullish pattern known as a declining wedge in the longer trend. This might gather the bull’s power to break the resistance level and soar from the current zone post the upcoming earnings report.</p> 
<p>The stock has been consolidating in a narrow range for a while, and its earnings for the quarter could trigger a breakout. This could result in a significant price movement and a trend change. Therefore, to rise, the price needs more buying power.</p> 
<p>Moreover, if buyers are persistent, PRST stock might surge strongly from the current level, above the parallel channel. The possible targets are between $1.50 and $2.00. On the contrary, if PRST stock fails to hold its grip and breaches below $1.00, then it may hit $0.50.</p> 
<h2 class="wp-block-heading" id="strong-what-indicators-show-for-prst-stock-price-trend-strong"><strong>What Indicators Show For PRST Stock Price Trend?</strong></h2> 
<p>Currently, <a href="https://www.thecoinrepublic.com/2023/11/08/near-and-aurora-allegedly-fail-to-redeem-11mn-in-usn-stablecoins/" target="_blank" rel="noreferrer noopener">PRST stock </a>is trading below the 20, 50, 100, and 200 EMAs. Earnings reports for the past few quarters haven’t helped the price.</p> 
<p>Nevertheless, if buying volume increases, the price action might support bullish momentum by making higher highs and lows. Hence, the PRST price is expected to move upwards giving a bullish outlook over the daily time frame chart.</p> 
<p>The current value of RSI is 25.68 points. The 14 SMA is above the median line at 30.12 points which indicates that the PRST stock is bearish. The MACD line at 0.2450 and the signal line at 0.2687 are abovethe zero line. A bullish crossover was observed, which signals strength in the momentum of the stock price.</p> 
<p>On combining all the indicators, the major trend indication is bearish. This shows that the price could continue to plummet more and then it could turn around to accomplish a bullish pattern.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1564" height="836" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184.png" alt="Will PRST Stock Fall Further or Turn Around And Ascend?" class="wp-image-180030" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184.png 1564w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184-1024x547.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184-768x411.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184-1536x821.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184-750x401.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-184-1140x609.png 1140w" sizes="(max-width: 1564px) 100vw, 1564px">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: PRST.1.D. by TradingView
  </figcaption>
 </figure>
</div> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The stock has been consolidating in a narrow range for a while, and its earnings for the quarter could set off a breakout. This could result in a significant price movement and a trend change. On combining all the indicators, the trend seems bearish. This shows that the price could continue to plummet more and then it could turn around to accomplish a bullish pattern.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels</strong>: $1.00 and $0.50</p> 
<p><strong>Resistance Levels</strong>: $1.50 and $2.00</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will PRST Stock Fall Further or Turn Around And Ascend?

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