Mercer International Inc. Stock Forecast
Mercer International Inc. stock price down 0.313% on Friday
(Updated on Apr 19, 2024)
The Mercer International Inc. stock price fell by -0.313% on the last day (Friday, 19th Apr 2024) from $9.57 to $9.54. During the last trading day the stock fluctuated 2.32% from a day low at $9.50 to a day high of $9.72. The price has fallen in 6 of the last 10 days and is down by -5.17% for this period. Volume has increased on the last day by 17 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, 146 thousand shares were bought and sold for approximately $1.39 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 22.26% during the next 3 months and, with a 90% probability hold a price between $11.12 and $13.56 at the end of this 3-month period.
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MERC Signals & Forecast
There are few to no technical positive signals at the moment. The Mercer International Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $9.75. On a fall, the stock will find some support from the short-term average at $9.47. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -6.29%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Mercer International Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Mercer International Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.38 and $8.27. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mercer International Inc. finds support just below today's level at $8.38. If this is broken, then the next support from accumulated volume will be at $8.27 and $8.03.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.220 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 3.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MERC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Mercer International Inc. to open at $9.59, and during the day (based on 14 day Average True Range), to move between $9.18 and $9.90, which gives a possible trading interval of +/-$0.364 (+/-3.82%) up or down from last closing price. If Mercer International Inc. takes out the full calculated possible swing range there will be an estimated 7.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.67 (1.36%) than the support at $8.38 (12.16%), 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 Mercer International Inc. stock A Buy?
The Mercer International Inc. stock holds several negative signals and despite the positive trend, we believe Mercer International Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.986 Sell Candidate Unchanged
Predicted Opening Price for Mercer International Inc. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$9.59 ( 0.489%) | $9.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MERC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.81 | 2.80 % | |
R2 | 9.72 | 1.91 % | ||
R1 | 9.67 | 1.37 % | ||
Current price: | 9.54 | |||
Support | S1 | 9.50 | -0.392 % | |
S2 | 9.45 | -0.94 % | ||
S3 | 9.37 | -1.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.17 | 6.60 % | |
R2 | 10.03 | 5.14 % | ||
R1 | 9.67 | 1.36 % | ||
Current price | 9.54 | |||
Support | S1 | 8.38 | -12.16% | |
S2 | 8.27 | -13.31% | ||
S3 | 8.03 | -15.83% |
MERC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Mar 26, 2024 | Apr 04, 2024 | $0.0750 | 0.755% |
2 | Nov 02, 2023 | Dec 19, 2023 | Dec 28, 2023 | $0.0750 | 0.787% |
3 | Aug 03, 2023 | Sep 26, 2023 | Oct 04, 2023 | $0.0750 | 0.92% |
4 | May 04, 2023 | Jun 27, 2023 | Jul 06, 2023 | $0.0750 | 0.88% |
5 | Feb 16, 2023 | Mar 28, 2023 | Apr 05, 2023 | $0.0750 | 0.81% |
FAQ
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