RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MXC
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Red day on Thursday for Mexco Energy Corp stock after losing 2.00%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 22, 2024 Loss -0.98% PDF

The Mexco Energy Corp stock price fell by -2.00% on the last day (Thursday, 28th Mar 2024) from $10.18 to $9.98. During the last trading day the stock fluctuated 3.65% from a day low at $9.86 to a day high of $10.22. The price has fallen in 5 of the last 10 days and is down by -4.9% 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 -673 shares and in total, 1 thousand shares were bought and sold for approximately $13.90 thousand.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mexco Energy Corp stock with a 90% probability to be traded between $9.74 and $10.64 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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MXC Signals & Forecast

The Mexco Energy Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.93 and $9.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 3.81%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, February 23, 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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, February 23, 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 Mexco Energy Corp stock

Mexco Energy Corp finds support from accumulated volume at $9.80 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.360 between high and low, or 3.65%. For the last week the stock has had daily average volatility of 4.13%.

Our recommended stop-loss: $9.48 (-4.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (MXC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Mexco Energy Corp to open at $10.02, and during the day (based on 14 day Average True Range), to move between $9.66 and $10.29, which gives a possible trading interval of +/-$0.316 (+/-3.17%) up or down from last closing price. If Mexco Energy Corp takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.98 (0.04%) than the support at $9.80 (1.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Mexco Energy Corp stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Mexco Energy Corp stock to perform well in the short-term period.

Current score: 1.521 Buy Candidate Unchanged

Predicted Opening Price for Mexco Energy Corp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$10.02 ( 0.424%) $9.98

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

Trading levels for MXC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.38 4.03 %
R2 10.24 2.65 %
R1 10.16 1.80 %
Current price: 9.98
Support S1 9.88 -0.95 %
S2 9.80 -1.81 %
S3 9.66 -3.18 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.31 3.34 %
R2 10.14 1.64 %
R1 9.98 0.0351 %
Current price 9.98
Support S1 9.80 -1.77%
S2 9.73 -2.47%
S3 9.64 -3.42%

MXC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 10, 2023 Apr 28, 2023 May 15, 2023 $0.100 0.93%

FAQ

What is the symbol for Mexco Energy Corp Stock and on which exchange is it traded?
The symbol for Mexco Energy Corp is MXC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Mexco Energy Corp Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Mexco Energy Corp stock to perform well in the short-term period.

How to buy Mexco Energy Corp Stock?
Mexco Energy Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mexco Energy Corp Stock.

What's the current price of Mexco Energy Corp Stock?
As of the end of day on the 2024-03-28, the price of an Mexco Energy Corp (MXC) share was $9.98.

What is the 52-week high and low for Mexco Energy Corp Stock?
The 52-week high for Mexco Energy Corp Stock is $13.84 and the 52-week low is $9.02.

What is the market capitalization of Mexco Energy Corp Stock?
As of the 2024-03-28, the market capitalization of Mexco Energy Corp is 20.929M.

When is the next earnings date for Mexco Energy Corp?
The upcoming earnings date for Mexco Energy Corp is Jun 24, 2024.
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About Mexco Energy Corp

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,300 gross producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Oh... MXC Profile

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