Marchex Stock Forecast
Red day on Thursday for Marchex stock after losing 0%
(Updated on Apr 18, 2024)
No changes to the price of Marchex stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 5.65% from a day low at $1.24 to a day high of $1.31. The price has fallen in 6 of the last 10 days and is down by -11.35% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.23 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Marchex stock with a 90% probability to be traded between $1.23 and $1.49 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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MCHX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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 Marchex 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 $1.29 and $1.37. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, April 05, 2024 and based on theory for this formation the price should fall by -15.20% to $1.06 within 50 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Marchex stock
Marchex finds support from accumulated volume at $1.24 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 $0.0700 between high and low, or 5.65%. For the last week the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MCHX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Marchex to open at $1.27, and during the day (based on 14 day Average True Range), to move between $1.17 and $1.33, which gives a possible trading interval of +/-$0.0770 (+/-6.16%) up or down from last closing price. If Marchex takes out the full calculated possible swing range there will be an estimated 12.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.24 (0.80%) than the resistance at $1.35 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marchex stock A Buy?
Marchex 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: -2.760 Sell Candidate Unchanged
Predicted Opening Price for Marchex of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.27 ( 1.33%) | $1.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCHX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.34 | 6.93 % | |
| R2 | 1.31 | 4.79 % | ||
| R1 | 1.29 | 3.47 % | ||
| Current price: | 1.25 | |||
| Support | S1 | 1.24 | -0.81 % | |
| S2 | 1.22 | -2.13 % | ||
| S3 | 1.20 | -4.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.41 | 12.80 % | |
| R2 | 1.39 | 11.20 % | ||
| R1 | 1.35 | 8.00 % | ||
| Current price | 1.25 | |||
| Support | S1 | 1.24 | -0.80% | |
| S2 | 1.23 | -1.60% | ||
| S3 | 0 | . |
MCHX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2017 | Mar 07, 2018 | Mar 21, 2018 | $0.500 | 17.61% |
| 2 | Apr 15, 2015 | May 05, 2015 | May 18, 2015 | $0.0200 | 0.390% |
| 3 | Jan 16, 2015 | Feb 04, 2015 | Feb 17, 2015 | $0.0200 | 0.460% |
| 4 | Oct 17, 2014 | Nov 05, 2014 | Nov 18, 2014 | $0.0200 | 0.548% |
| 5 | Jul 17, 2014 | Aug 01, 2014 | Aug 15, 2014 | $0.0200 | 0.216% |
FAQ
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