MARCHFIRST INC Stock Forecast
Stronger technical forecast for MARCHFIRST INC stock price after Tuesday trading.
(Updated on Apr 23, 2024)
The MARCHFIRST INC stock price gained 0.92% on the last trading day (Tuesday, 23rd Apr 2024), rising from £545.00 to £550.00. During the last trading day the stock fluctuated 1.28% from a day low at £546.00 to a day high of £553.00. The price has risen in 6 of the last 10 days and is up by 3% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 199 thousand shares were bought and sold for approximately £109.31 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £550.58 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect MARCHFIRST INC stock with a 90% probability to be traded between £527.94 and £557.70 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MRCH.L Signals & Forecast
Mostly positive signals in the chart today. The MARCHFIRST INC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £542.43 and £530.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 6.38%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the long-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 12 Months
The stock had a Golden Star Signal on Wednesday, March 06, 2024 in the long-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 MARCHFIRST INC stock
MARCHFIRST INC finds support from accumulated volume at £527.00 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 £7.00 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: £532.62 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (MRCH.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect MARCHFIRST INC to open at £549.67, and during the day (based on 14 day Average True Range), to move between £542.06 and £557.94, which gives a possible trading interval of +/-£7.94 (+/-1.44%) up or down from last closing price. If MARCHFIRST INC takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £527.00, some £23.00 (4.18%) from the current price of £550.00, our system finds the risk reward attractive.
Is MARCHFIRST INC stock A Buy?
MARCHFIRST INC holds several positive signals and is considered to be a good choice at current levels. We expect the MARCHFIRST INC stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.338 Strong Buy Candidate Upgraded
Predicted Opening Price for MARCHFIRST INC of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £549.67 ( 0.0606%) | £550.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRCH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 556.67 | 1.21 % | |
| R2 | 553.99 | 0.726 % | ||
| R1 | 552.34 | 0.426 % | ||
| Current price: | 550.00 | |||
| Support | S1 | 546.99 | -0.547 % | |
| S2 | 545.34 | -0.85 % | ||
| S3 | 542.67 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 550.00 | |||
| Support | S1 | 527.00 | -4.18% | |
| S2 | 523.00 | -4.91% | ||
| S3 | 520.00 | -5.45% |
MRCH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 22, 2024 | £7.10 | 1.29% |
| 2 | Feb 01, 2024 | Feb 01, 2024 | Mar 14, 2024 | £7.10 | 1.37% |
| 3 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | £0.0710 | 0.0139% |
| 4 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £7.10 | 1.39% |
| 5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £7.00 | 1.22% |
FAQ
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