PrimeEnergy Resources (PNRG, $223.6) price may drop as it broke higher Bollinger Band on Jan 24, 2025

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PNRG - PrimeEnergy Resources Corp
Bollinger signal
Bearish Trend
69%
Odds of DOWN Trend
Price: $223.6
Daily change: +$3.6 (+1.64%)
Daily volume: 19.9K
Capitalization: $384M
Industry: Oil & Gas Production

This price move could be a signal that PNRG may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 51 similar cases where PNRG's price broke its higher Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 69%.