Mosaic Stock Forecast
Mosaic stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on May 06, 2024)
The Mosaic stock price gained 1.26% on the last trading day (Monday, 6th May 2024), rising from $28.68 to $29.04. During the last trading day the stock fluctuated 1.99% from a day low at $28.72 to a day high of $29.29. The price has been going up and down for this period, and there has been a -5.53% loss 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, 332 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $155.79 million.
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 $28.40 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Mosaic stock with a 90% probability to be traded between $28.24 and $33.05 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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MOS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.22%. Further rise is indicated until a new top pivot has been found. 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. The Mosaic 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 $29.79 and $31.27. 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).
Support, Risk & Stop-loss for Mosaic stock
Mosaic finds support from accumulated volume at $28.68 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.570 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Mosaic Company (The) to open at $29.01, and during the day (based on 14 day Average True Range), to move between $28.14 and $29.94, which gives a possible trading interval of +/-$0.90 (+/-3.11%) up or down from last closing price. If Mosaic Company (The) takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.68 (1.24%) than the resistance at $29.93 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mosaic Company (The) stock A Buy?
Mosaic 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.191 Sell Candidate Downgraded
Predicted Opening Price for Mosaic Company (The) of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$29.01 ( 0.0918%) | $29.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.58 | 1.87 % | |
R2 | 29.37 | 1.12 % | ||
R1 | 29.23 | 0.658 % | ||
Current price: | 29.04 | |||
Support | S1 | 28.80 | -0.84 % | |
S2 | 28.66 | -1.30 % | ||
S3 | 28.44 | -2.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.22 | 10.95 % | |
R2 | 31.29 | 7.75 % | ||
R1 | 29.93 | 3.06 % | ||
Current price | 29.04 | |||
Support | S1 | 28.68 | -1.24% | |
S2 | 28.41 | -2.17% | ||
S3 | 0 | . |
MOS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Jun 06, 2024 | Jun 20, 2024 | $0.210 | 0.723% |
2 | Dec 15, 2023 | Mar 06, 2024 | Mar 21, 2024 | $0.210 | 0.655% |
3 | Oct 18, 2023 | Dec 06, 2023 | Dec 21, 2023 | $0.200 | 0.551% |
4 | Aug 24, 2023 | Sep 06, 2023 | Sep 21, 2023 | $0.200 | 0.539% |
5 | Mar 09, 2023 | May 31, 2023 | Jun 15, 2023 | $0.200 | 0.567% |
FAQ
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