$1.06
+ $0.11 (12.02%)
End-of-day quote: 2022-10-26
PAR/USD

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.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

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

Parallel broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

PAR - Trend Prediction

PAR - Price Volatility Prediction

PAR - Relative Strength

PAR - Momentum Forecast

In we then see weak volatility for Parallel for a longer period of time which led to negative signals for Parallel.

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.