MDU Resources Group Inc Stock Forecast
MDU Resources Group Inc stock upgraded to Strong Buy Candidate.
(Updated on May 20, 2024)
The MDU Resources Group Inc stock price gained 1.53% on the last trading day (Monday, 20th May 2024), rising from $25.48 to $25.87. During the last trading day the stock fluctuated 1.17% from a day low at $25.57 to a day high of $25.87. The price has been going up and down for this period, and there has been a 1.73% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 486 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $40.63 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 18.79% during the next 3 months and, with a 90% probability hold a price between $29.93 and $33.22 at the end of this 3-month period.
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MDU Signals & Forecast
Mostly positive signals in the chart today. The MDU Resources Group 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 $25.37 and $24.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.80%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for MDU Resources Group Inc stock
MDU Resources Group Inc finds support from accumulated volume at $25.20 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 $0.300 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: $24.95 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (MDU) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect MDU Resources Group Inc to open at $25.77, and during the day (based on 14 day Average True Range), to move between $25.47 and $26.27, which gives a possible trading interval of +/-$0.397 (+/-1.53%) up or down from last closing price. If MDU Resources Group Inc takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.20, some $0.670 (2.59%) from the current price of $25.87, our system finds the risk reward attractive.
Is MDU Resources Group Inc stock A Buy?
MDU Resources Group Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.502 Strong Buy Candidate Upgraded
Predicted Opening Price for MDU Resources Group Inc of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $25.77 ( 0.387%) | $25.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.07 | 0.773 % | |
| R2 | 25.96 | 0.330 % | ||
| R1 | 25.88 | 0.0564 % | ||
| Current price: | 25.87 | |||
| Support | S1 | 25.66 | -0.83 % | |
| S2 | 25.58 | -1.10 % | ||
| S3 | 25.47 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 25.87 | |||
| Support | S1 | 25.20 | -2.59% | |
| S2 | 24.50 | -5.30% | ||
| S3 | 23.62 | -8.70% |
MDU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jul 01, 2024 | $0.125 | 0.483% |
| 2 | Feb 15, 2024 | Mar 13, 2024 | Apr 01, 2024 | $0.125 | 0.491% |
| 3 | Nov 16, 2023 | Dec 13, 2023 | Jan 01, 2024 | $0.125 | 0.631% |
| 4 | Aug 03, 2023 | Sep 13, 2023 | Oct 01, 2023 | $0.125 | 0.638% |
| 5 | May 04, 2023 | Jun 12, 2023 | Jul 01, 2023 | $0.223 | 1.06% |
FAQ
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