Malibu Boats Stock Forecast
Red day on Tuesday for Malibu Boats stock after losing 0.176%
(Updated on Apr 23, 2024)
The Malibu Boats stock price fell by -0.176% on the last day (Tuesday, 23rd Apr 2024) from $34.07 to $34.01. During the last trading day the stock fluctuated 2.06% from a day low at $33.91 to a day high of $34.61. The price has fallen in 7 of the last 10 days and is down by -21.33% for this period. Volume has increased on the last day by 134 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, 551 thousand shares were bought and sold for approximately $18.75 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $33.23 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.40% during the next 3 months and, with a 90% probability hold a price between $26.12 and $32.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MBUU Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.147%. 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 Malibu Boats 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 $34.53 and $39.96. 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 Malibu Boats stock
Malibu Boats finds support from accumulated volume at $33.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.700 between high and low, or 2.06%. For the last week, the stock has had daily average volatility of 3.03%.
Malibu Boats is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MBUU) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Malibu Boats to open at $34.18, and during the day (based on 14 day Average True Range), to move between $32.60 and $35.42, which gives a possible trading interval of +/-$1.41 (+/-4.16%) up or down from last closing price. If Malibu Boats takes out the full calculated possible swing range there will be an estimated 8.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.96 (0.15%) than the resistance at $36.14 (6.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Malibu Boats stock A Buy?
Malibu Boats 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: -4.099 Sell Candidate Unchanged
Predicted Opening Price for Malibu Boats of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $34.18 ( 0.490%) | $34.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBUU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.88 | 2.55 % | |
| R2 | 34.61 | 1.76 % | ||
| R1 | 34.44 | 1.28 % | ||
| Current price: | 34.01 | |||
| Support | S1 | 33.91 | -0.296 % | |
| S2 | 33.74 | -0.782 % | ||
| S3 | 33.48 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.75 | 22.76 % | |
| R2 | 41.56 | 22.20 % | ||
| R1 | 36.14 | 6.26 % | ||
| Current price | 34.01 | |||
| Support | S1 | 33.96 | -0.147% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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