Masimo Corporation Stock Forecast
Red day on Wednesday for Masimo Corporation stock after losing 0.752%
(Updated on Apr 24, 2024)
The Masimo Corporation stock price fell by -0.752% on the last day (Wednesday, 24th Apr 2024) from $136.95 to $135.92. During the last trading day the stock fluctuated 4.97% from a day low at $131.23 to a day high of $137.76. The price has fallen in 7 of the last 10 days and is down by -4.83% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -85 thousand shares and in total, 232 thousand shares were bought and sold for approximately $31.56 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $132.70 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.46% during the next 3 months and, with a 90% probability hold a price between $142.59 and $161.04 at the end of this 3-month period.
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MASI Signals & Forecast
There are few to no technical positive signals at the moment. The Masimo Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $136.10 and $137.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.44%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Masimo Corporation stock
Masimo Corporation finds support from accumulated volume at $132.68 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.53 between high and low, or 4.97%. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MASI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Masimo Corporation to open at $134.97, and during the day (based on 14 day Average True Range), to move between $131.75 and $140.09, which gives a possible trading interval of +/-$4.17 (+/-3.07%) up or down from last closing price. If Masimo Corporation takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $132.68 (2.38%) than the resistance at $139.43 (2.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Masimo Corporation stock A Buy?
The Masimo Corporation stock holds several negative signals and despite the positive trend, we believe Masimo Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.376 Sell Candidate Unchanged
Predicted Opening Price for Masimo Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $134.97 ( 0.700%) | $135.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MASI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 141.49 | 4.10 % | |
| R2 | 139.00 | 2.27 % | ||
| R1 | 137.46 | 1.13 % | ||
| Current price: | 135.92 | |||
| Support | S1 | 132.48 | -2.53 % | |
| S2 | 130.94 | -3.67 % | ||
| S3 | 128.44 | -5.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.65 | 3.48 % | |
| R2 | 140.30 | 3.22 % | ||
| R1 | 139.43 | 2.58 % | ||
| Current price | 135.92 | |||
| Support | S1 | 132.68 | -2.38% | |
| S2 | 130.25 | -4.17% | ||
| S3 | 128.70 | -5.31% |
MASI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 01, 2012 | Nov 23, 2012 | Dec 11, 2012 | $1.00 | 4.63% |
| 2 | Nov 22, 2010 | Dec 03, 2010 | Dec 21, 2010 | $0.750 | 2.48% |
| 3 | Feb 22, 2010 | Mar 09, 2010 | Mar 31, 2010 | $2.00 | 7.53% |
FAQ
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