Marsh & McLennan Companies Inc Stock Forecast
Marsh & McLennan Companies Inc stock price down 1.75% on Friday
(Updated on Apr 26, 2024)
The Marsh & McLennan Companies Inc stock price fell by -1.75% on the last day (Friday, 26th Apr 2024) from $201.47 to $197.95. During the last trading day the stock fluctuated 1.58% from a day low at $197.77 to a day high of $200.90. The price has been going up and down for this period, and there has been a -0.06% loss for the last 2 weeks. Volume has increased on the last day by 303 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $344.22 million.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $197.08 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 2.99% during the next 3 months and, with a 90% probability hold a price between $202.97 and $217.27 at the end of this 3-month period.
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MMC Signals & Forecast
The Marsh & McLennan Companies Inc 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 $201.09 and $203.17. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Marsh & McLennan Companies Inc stock
Marsh & McLennan Companies Inc finds support from accumulated volume at $197.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.13 between high and low, or 1.58%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: $187.82 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (MMC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Marsh & McLennan Companies Inc to open at $198.87, and during the day (based on 14 day Average True Range), to move between $194.94 and $200.96, which gives a possible trading interval of +/-$3.01 (+/-1.52%) up or down from last closing price. If Marsh & McLennan Companies Inc takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $197.62 (0.17%) than the resistance at $201.73 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marsh & McLennan Companies Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.465 Buy Candidate Unchanged
Predicted Opening Price for Marsh & McLennan Companies Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $198.87 ( 0.466%) | $197.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 202.00 | 2.05 % | |
| R2 | 200.81 | 1.44 % | ||
| R1 | 200.07 | 1.07 % | ||
| Current price: | 197.95 | |||
| Support | S1 | 197.68 | -0.138 % | |
| S2 | 196.94 | -0.511 % | ||
| S3 | 195.74 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.50 | 2.80 % | |
| R2 | 203.08 | 2.59 % | ||
| R1 | 201.73 | 1.91 % | ||
| Current price | 197.95 | |||
| Support | S1 | 197.62 | -0.167% | |
| S2 | 193.84 | -2.08% | ||
| S3 | 190.99 | -3.52% |
MMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | May 15, 2024 | $0.710 | 0.359% |
| 2 | Jan 10, 2024 | Jan 25, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
| 3 | Jan 10, 2024 | Jan 24, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
| 4 | Sep 20, 2023 | Oct 06, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
| 5 | Sep 20, 2023 | Oct 05, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
FAQ
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