Mercer International Inc. Stock Forecast
Mercer International Inc. stock price ended at $10.24 on Wednesday, after gaining 1.09%.
(Updated on May 01, 2024)
The Mercer International Inc. stock price gained 1.09% on the last trading day (Wednesday, 1st May 2024), rising from $10.13 to $10.24. During the last trading day the stock fluctuated 5.37% from a day low at $10.05 to a day high of $10.59. The price has risen in 7 of the last 10 days and is up by 8.36% 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, 38 thousand more shares were traded than the day before. In total, 216 thousand shares were bought and sold for approximately $2.21 million.
The stock lies in the middle of a 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 27.50% during the next 3 months and, with a 90% probability hold a price between $12.24 and $13.37 at the end of this 3-month period.
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MERC Signals & Forecast
The Mercer International 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 $10.16 and $9.78. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -0.0976%. Further fall is indicated until a new bottom pivot has been found.
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 $8.03. 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 $8.03 and $7.76.
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 $0.540 between high and low, or 5.37%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: $9.85 (-3.85%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (MERC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Mercer International Inc. to open at $10.29, and during the day (based on 14 day Average True Range), to move between $9.88 and $10.60, which gives a possible trading interval of +/-$0.364 (+/-3.56%) up or down from last closing price. If Mercer International Inc. takes out the full calculated possible swing range there will be an estimated 7.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.25 (0.10%) than the support at $8.38 (18.16%), 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.
Earnings coming up
Mercer International Inc. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.540. We will update the financials statements for Mercer International Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.78% in the first trading day after earnings release.
Is Mercer International Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mercer International Inc. stock to perform well in the short-term.
Current score: 4.017 Buy Candidate Unchanged
Predicted Opening Price for Mercer International Inc. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$10.29 ( 0.521%) | $10.24 |
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 | 10.83 | 5.79 % | |
R2 | 10.63 | 3.78 % | ||
R1 | 10.50 | 2.54 % | ||
Current price: | 10.24 | |||
Support | S1 | 10.09 | -1.49 % | |
S2 | 9.96 | -2.74 % | ||
S3 | 9.75 | -4.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 10.25 | 0.0977 % | ||
Current price | 10.24 | |||
Support | S1 | 8.38 | -18.16% | |
S2 | 8.03 | -21.58% | ||
S3 | 7.76 | -24.22% |
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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