Market Read®

  • Sunday, July 05 2015

This prediction has hit its target!

As predicted, the stock moved down from $68.49 to $63.16 (-7.78%)
between March 18, 2013 and March 18, 2013.

This prediction has passed its maturity date!

This prediction was valid between March 18, 2013 and March 12, 2013. All information in this report is for reference only and should not be considered forward looking.

(AMEX: PRK)

Park National Corp.


Bearish

Park National Corporation operates as the bank holding company for Park National Bank that provides commercial banking and trust services in Ohio and Northern Kentucky. Its banking products and services include deposits for demand, savings, and time accounts; commercial, industrial, consumer, and real estate loans consisting of installment loans, credit cards, home equity lines of credit, and commercial leasing; trust and wealth management services; cash management services; safe deposit operations; electronic funds transfers; Internet and mobile banking solutions with bill pay service; and various additional banking-related services for individual customers. Park National Corporation, through its subsidiaries, is also involved in consumer finance, aircraft financing, and asset management businesses; and purchase and sale of real estate properties. As of December 31, 2013, it operated 123 financial service offices and a network of 144 automated teller machines. The company was founded in 1908 and is headquartered in Newark, Ohio.

Investment Highlights

  • EARNINGS predicts that PRK will move down -4.21% by March 12, 2013. The target is $63.16. more
  • PATTERN SCAN predicts the price of PRK expected to move down in the coming weeks based on the appearance of a 'Resistance Break(1)' pattern. Specifically, a ACT EOD variant of Resistance Break(1) has been detected. The target is $65.31. more
  • VALUATION PRK has a current calculated value of $16.56 which means the stock is overvalued compared to its price of $58.23.

Predictive Range January 28, 2013 - March 12, 2013

Anticipated price movement, between prediction date and target date, based on all market reads.
$66.62 - $64.24

How WealthMakers Market Reads Work:

WealthMakers Market Reads™ provide you with market performance predictions based on proprietary technologies, trading algorithms and data to help you make better, more informed investment decisions. Here's a quick review of our predictive technologies:

  • EARNINGS Most stock price histories show random or unpredictable movements around earnings reports. But some repeat the same pattern quarter after quarter, year after year. Earnings predicts probability, price move and length of move before and after all US stock earnings reports.
  • FRICTION FACTOR Friction Factor is based on the relationship between the price of a stock and the volume at which it's bought and sold. Normal and abnormal Friction factor patterns can help you time your buying and selling decisions for maximum earnings potential.
  • GATS The Global Automated Trading System (GATS) combines neural networks and genetic algorithms to reduce investment risks. GATS selects the highest probability trades in stocks, bonds, options, commodities, currencies and private equities, delivering precise, predictive and profitable data.
  • GROUP SECTOR Certain institutions can exert buying or selling pressure over an entire industry group, pushing prices higher. Group Sector identifies stocks that most closely match their group's movement and generate powerful group consensus trading signals to help you profit from the herd mentality.
  • PATTERN SCAN This technology automatically tracks "Trigger Events" that positively or negatively affect the value of a stock — or its perceived value among analysts — ranging from price fluctuations to natural disasters and political shifts. The results reveal patterns that can predict market movements.
  • EVENTS Events describe the current technical situation in your stock. It displays the technicals, trend conditions and seasonal factors and automatically discovers how that stock has performed in the trading days following the occurrences of the event or combination of events. This technology automatically scans using complex historical queries based on what event is taking place right now in the stock. It then displays the probability, expected return and number of trading days for the expected move.
  • RegSHO NAKED SHORTS SEC Regulation SHO mandates that if a clearing agent holds a fail-to-deliver position for 13 consecutive settlement days, it must purchase securities to close out its position, a.k.a. a forced cover. WealthMakers aggregates data from NYSE, AMEX, NASDAQ, OTCBB and PINKSHEETS to track stocks that are about to have forced covers.
  • SEASONALITY Seasonality analyzes more than 20 years of data to determine if stocks have a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias.
  • SQUEEZE TRIGGER Our proprietary database of more than 3,500,000,000 short sale transactions allows us to calculate the exact price at which the total short interest is short in each stock. Squeeze Trigger Alerts let you know exactly when a short squeeze will start and how to trade profitably.
  • VALUATION A stock's value is a function of its forecasted earnings per share and forecasted earnings growth, as well as profitability, interest and inflation rates. Valuation use these metrics to determine at what price a stock is undervalued or overvalued, so that you can make investment decisions accordingly.
  • INSIDER Significant stock sales or purchases by company "insiders" (officers or directors) can be a predictor of future price movements — up or down. The Insider strategy tracks these actions and correlates them with historical data to give you an investment edge.

Earnings

 

Predicts probability, price move and length of move before and after earnings reports.

The movement of stock prices in the days and weeks leading to and following these earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The # of Reports in the table below shows how many previous quarterly reports comprise the indicator that predicts how a stock will act after its earnings are released.
Earnings, or profits, drive stock prices. The market values a company based on its current and anticipated future ability to make money. The market takes the earnings pulse of a company four times per year when quarterly reports are issued. When this information is released it can often be a trend-changing or a trend confirming event because the information is so vital to the market's perception of the vitality of that company.
This technology is designed to help the stock trader identify those companies that seem to have a consistent pattern of movement before or after the earnings release date, based on the history

  • PRK, currently trading around 58.23 expected to hit $63.16.
  • The price of PRK tends to move down after earnings report dates.
  • Of the previous 12 earnings releases, PRK has moved down 92% of the time.

Pattern Scan

 

Tracks "Trigger Events" that positively or negatively affect the value of a stock.

Park National Corp. (AMEX: PRK) is predicted to go down in coming weeks based on bearish technical trends that have appeared in the recent performance of the stock. PRK has demonstrated Resistance Break(1) strategy ACT EOD with a strength of 5.0/5. The higher the strength, the higher the probability of an accurate prediction.

  • The price of PRK expected to move down in the coming weeks.
  • PatternScan has detected that a 'ACT EOD' pattern has appeared.
  • Specifically, a ACT EOD variant of Resistance Break(1) has been detected.
  • This indicates a high probablity that PRK will move down in the coming weeks.

Squeeze Trigger

 

We have a proprietary database of all trading in US stocks and maintain massive databases of short sale and naked short sale time and sales data, along with short squeeze SqueezeTrigger prices. We are the only firm that knows the exact price that a short squeeze will start in every US stock.

The Cumulative Squeeze Trigger price for PRK is 65.47.

Date Short Volume Short Value SqueezeTrigger
2015-04-30 77661 6706229.2686 86.3526
2015-03-31 101642 8611852.2266 84.7273
2015-02-28 73560 6274410.54 85.2965
2015-01-31 134312 11106997.996 82.6955
2014-12-31 109925 9280418.125 84.425
2014-11-30 87990 7428907.71 84.429
2014-10-31 140042 10913248.9928 77.9284
2014-09-30 99240 7677920.928 77.3672
2014-08-31 163855 12597713.1215 76.8833
2014-07-31 152057 11467454.6835 75.4155
2014-06-30 138435 10642675.1475 76.8785
2014-05-31 178461 12972687.012 72.692
2014-04-30 146284 10909085.4148 74.5747
2014-03-31 109593 8565416.2638 78.1566
2014-02-28 176313 13547132.7741 76.8357
2014-01-31 128605 10499363.642 81.6404
2013-12-31 68450 5663710.435 82.7423
2013-11-30 131595 10666761.7125 81.0575
2013-10-31 123773 9896641.534 79.958
2013-09-30 133668 10503337.3704 78.5778

Friction Factor

 

Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. It shows us how many more shares of buying than selling it takes to move a stock higher by 1 cent, or how many more shares of selling than buying it takes to drop a stock by 1 cent.
Here is how to understand Friction Factor:

  • If Friction Factor is positive, more buying than selling caused PRK's price to rise
  • If Friction Factor is negative, more selling than buying caused PRK's price to fall
  • If Friction Factor is 0, there was no discernable activity either way
  • If Friction Factor is abnormal, it means that more buying than selling caused the price to drop which is evidence of manipulative activity. In some cases more selling than buying can cause the price to increase. While this is rare, it must be noted as well. Friction Factor raw data.

Date Change Buy Vol Sell Vol Net Vol Friction
2015-04-23 -0.02 2569 1200 1369 Bearish Bias
2015-04-22 0.34 6176 1532 4644 136.5882353
2015-04-21 -0.43 1600 1499 101 Bearish Bias
2015-04-20 1.15 5878 2652 3226 28.05217391
2015-04-17 -1.69 4346 7386 -3040 -17.98816568
2015-04-16 0.11 4301 3382 919 83.54545455
2015-04-15 0.53 7661 3350 4311 81.33962264
2015-04-14 -0.32 4312 3930 382 Bearish Bias
2015-04-13 0.5 8700 8494 206 4.12
2015-04-10 0.32 8540 9238 -698 Bullish Bias
2015-04-09 0.05 5858 4780 1078 215.6
2015-04-08 0.27 6165 7805 -1640 Bullish Bias
2015-04-07 -0.21 4178 7543 -3365 -160.2380952
2015-04-06 -0.22 4863 2600 2263 Bearish Bias
2015-04-02 0.53 2282 4444 -2162 Bullish Bias
2015-04-01 0.53 8981 4799 4182 78.90566038
2015-03-31 0.22 14366 18534 -4168 Bullish Bias
2015-03-30 0.87 6350 3109 3241 37.25287356
2015-03-27 0.03 13482 7357 6125 2041.666667
2015-03-26 0.75 3820 4497 -677 Bullish Bias

Valuation

 

Value is a measure of a stock's current worth. PRK has a current value of 16.56 per share. Therefore, it is overvalued compared to its Price of $58.23 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitability increase, and when interest and inflation rates decrease.

General Results

 

Past success in predictions regarding all predictions on the WealthMakers platform.

Our prediction engine has a track record that is second to none. See for our results.

Read Type Avg Return Avg Maturity Days Hits Misses % Accurate
Insider 15.843 79.03 12454 596 95.43%
SqueezeTrigger 12.531 21.86 9557 639 93.73%
Valuation 14.484 26.96 4201 302 93.29%
Seasonality 7.268 15.22 51787 4844 91.45%
Group Correlation 6.307 14.34 5295 705 88.25%
PatternScan 8.46 11.46 189183 28044 87.09%
Events 6.834 11.25 4176 639 86.73%
Earnings 8.512 10.35 24108 4840 83.28%
GATS 5.358 7.84 65757 13688 82.77%
Naked Shorts 13.812 10.95 2726 704 79.48%
Friction Factor 7.013 3.63 7189 2067 77.67%

About Wealthmakers

WealthMakers gives institutional and individual investors an exclusive advantage in making precise, predictive and profitable trading decisions. Our proprietary technologies — Earnings, Seasonality, Squeeze Trigger, Group Sector and GATS — apply artificial intelligence, proprietary algorithms, market data and research to help our clients realize exponential returns. Find out more at WealthMakers.com.

All material herein was prepared by WealthMakers, based upon information believed to be reliable. The information contained herein is not guaranteed by WealthMakers to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. WealthMakers is not a registered investment advisor in the State of California. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. WealthMakers or its affiliates may receive compensation from independent third parties, or from the companies mentioned, for data provided in this report or related services. WealthMakers affiliates, officers, directors and employees do not own shares of the company mentioned in this report, but may from time to time buy/sell the shares discussed in this opinion and may profit from those trades. Market commentary provided by Thomas Ronk, a registered investment advisor and commodities trading advisor in California. WealthMakers will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment.

All Rights Reserved. Copyright 2011 WealthMakers

Overview
Last Price$58.23
52 Week Range$70.51 - $86.78
1 Month Range$72.87 - $79.99
Avg Daily Volume29265.0
PE Ratio15.33
 
Earnings Per Share
YearEPS
2015(E)$4.94
 
Capitalization
Shares Outstanding15MM
Market Capitalization$1159.00MM
 
 

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