ProFrac Holding Corp. (ACDC) Plunges 8.55% Amid Volatile Market

ProFrac Holding Corp. (ACDC) experienced a significant decline of 8.55% today, reaching its highest level since October 2023 with an intraday gain of 1.61%.

The strategy of buying ACDC shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -14.8%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for ACDC.

ProFrac Holding Corp. has been navigating a volatile market environment, with recent fluctuations in its stock price driven by a mix of positive and negative signals. The company's stock has shown signs of strength, currently positioned in the upper part of a strong rising trend. This trend suggests a potential selling opportunity for short-term traders, with an expected rise of 30.61% over the next three months, and a likely price range between $6.63 and $13.80.

Despite the positive outlook, there are also indications of potential declines. The stock has received both buy and sell signals from various technical indicators. For instance, while short and long-term moving averages suggest a buy signal, a pivot top point on June 17, 2025, indicates a sell signal, implying further declines until a new pivot bottom is established.

These mixed signals reflect the complex dynamics at play in the market, with investors weighing both the potential for growth and the risks of further declines. The recent surge in ProFrac Holding Corp.'s stock price, which saw a 5.45% increase during mid-day trading on June 17, 2025, reaching an intraday high of $10.47 before settling at $10.35, adds to the volatility. This surge was likely driven by positive market sentiment and investor confidence in the company's prospects.