Is Parallel on the rise?
No, the price of Parallel has been decreasing steadily since August 9, 2022, and is currently down by 3.92%. The 200-day moving average is currently -3.1% above the current price. The 100-day moving average is -5.68% above the current price, and the 50-day moving average is -6.99% above the current price.
The Parallel Forecast for 2023
We need to look more closely at a forecast for the one-year outlook, as it is more accurate than other predictions.
For Parallel prices in the next year, analysts have made various forecasts. The most optimistic prediction is for a 12-month price target of $1.24, while the most pessimistic outlook is for $0.94.
The most recent forecasted price target for the next year is $1.08, which is crucial to note.
This means it's possible to witness a gain of 1.45 percent.
PAR - Relative Strength Forecast
PAR - Trend Prediction
PAR - Price Volatility Prediction
PAR - Relative Strength
PAR - Momentum Forecast
Parallel's Prospects For 2025-2030
The next few years look good for Parallel. Six analysts have predicted that by March 2025, Parallel will have reached $1.11. The Parallel price is expected to be $1.14 by March 2027, according to the five-year forecast. The long-term forecast for 2030 is $1.19.