Marcus & Millichap Inc Stock Forecast
Marcus & Millichap Inc stock price up 2.27% on Friday
(Updated on May 03, 2024)
The Marcus & Millichap Inc stock price gained 2.27% on the last trading day (Friday, 3rd May 2024), rising from $32.56 to $33.30. During the last trading day the stock fluctuated 1.02% from a day low at $33.20 to a day high of $33.54. The price has risen in 6 of the last 10 days and is up by 7.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 106 thousand shares were bought and sold for approximately $3.54 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $33.87 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.11% during the next 3 months and, with a 90% probability hold a price between $24.35 and $28.08 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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MMI Signals & Forecast
Mostly positive signals in the chart today. The Marcus & Millichap Inc 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 $32.28 and $32.47. 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 8.36%. 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 Marcus & Millichap Inc stock
Marcus & Millichap Inc finds support from accumulated volume at $33.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.340 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: $31.80 (-4.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (MMI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Marcus & Millichap Inc to open at $33.35, and during the day (based on 14 day Average True Range), to move between $32.44 and $34.16, which gives a possible trading interval of +/-$0.86 (+/-2.58%) up or down from last closing price. If Marcus & Millichap Inc takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $33.28 (0.06%) than the resistance at $33.47 (0.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Marcus & Millichap Inc will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.280. We will update the financials statements for Marcus & Millichap Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.15% in the first trading day after earnings release.
Is Marcus & Millichap Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.971 Buy Candidate Unchanged
Predicted Opening Price for Marcus & Millichap Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $33.35 ( 0.140%) | $33.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.69 | 1.16 % | |
| R2 | 33.56 | 0.771 % | ||
| R1 | 33.48 | 0.530 % | ||
| Current price: | 33.30 | |||
| Support | S1 | 33.22 | -0.250 % | |
| S2 | 33.14 | -0.491 % | ||
| S3 | 33.01 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.96 | 20.00 % | |
| R2 | 34.06 | 2.28 % | ||
| R1 | 33.47 | 0.511 % | ||
| Current price | 33.30 | |||
| Support | S1 | 33.28 | -0.0601% | |
| S2 | 33.00 | -0.90% | ||
| S3 | 32.32 | -2.94% |
MMI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Mar 11, 2024 | Apr 05, 2024 | $0.250 | 0.751% |
| 2 | Nov 03, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.250 | 0.593% |
| 3 | Aug 02, 2023 | Sep 14, 2023 | Oct 06, 2023 | $0.250 | 0.87% |
| 4 | Feb 10, 2023 | Mar 13, 2023 | Apr 06, 2023 | $0.250 | 0.785% |
| 5 | Aug 03, 2022 | Sep 14, 2022 | Oct 06, 2022 | $0.250 | 0.731% |
FAQ
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