Moody's Corporation Stock Forecast

Red day on Thursday for Moody's Corporation
(Updated on Apr 25, 2024)

MCO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.20%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Moody's 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 $377.50 and $385.77. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Moody's Corporation stock

Moody's Corporation finds support from accumulated volume at $373.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $8.30 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MCO) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Moody's Corporation to open at $376.25, and during the day (based on 14 day Average True Range), to move between $368.07 and $382.29, which gives a possible trading interval of +/-$7.11 (+/-1.89%) up or down from last closing price. If Moody's Corporation takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $373.24 (0.52%) than the resistance at $379.42 (1.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Moody's Corporation stock A Buy?

Moody's Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.098 Sell Candidate Unchanged

Predicted Opening Price for Moody's Corporation of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.