Marsh & McLennan Companies Inc Stock Forecast
Marsh & McLennan Companies Inc stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Marsh & McLennan Companies Inc stock price fell by -0.0451% on the last day (Friday, 3rd May 2024) from $199.36 to $199.27. During the last trading day the stock fluctuated 1.59% from a day low at $196.72 to a day high of $199.84. The price has been going up and down for this period, and there has been a -1.55% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -262 thousand shares and in total, 931 thousand shares were bought and sold for approximately $185.48 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Marsh & McLennan Companies Inc stock with a 90% probability to be traded between $197.47 and $209.52 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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MMC Signals & Forecast
There are mixed signals in the stock today. The Marsh & McLennan Companies Inc 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 $199.39 and $202.09. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.52%. 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).
Support, Risk & Stop-loss for Marsh & McLennan Companies Inc stock
Marsh & McLennan Companies Inc finds support from accumulated volume at $199.19 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 $3.12 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: $187.98 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (MMC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Marsh & McLennan Companies Inc to open at $198.61, and during the day (based on 14 day Average True Range), to move between $196.50 and $202.04, which gives a possible trading interval of +/-$2.77 (+/-1.39%) up or down from last closing price. If Marsh & McLennan Companies Inc takes out the full calculated possible swing range there will be an estimated 2.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $199.19 (0.04%) than the resistance at $201.73 (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marsh & McLennan Companies Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Marsh & McLennan Companies Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.417 Buy Candidate Upgraded
Predicted Opening Price for Marsh & McLennan Companies Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $198.61 ( 0.331%) | $199.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.73 | 1.23 % | |
| R2 | 200.54 | 0.636 % | ||
| R1 | 199.80 | 0.267 % | ||
| Current price: | 199.27 | |||
| Support | S1 | 197.42 | -0.93 % | |
| S2 | 196.68 | -1.30 % | ||
| S3 | 195.49 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.50 | 2.12 % | |
| R2 | 203.08 | 1.91 % | ||
| R1 | 201.73 | 1.23 % | ||
| Current price | 199.27 | |||
| Support | S1 | 199.19 | -0.0401% | |
| S2 | 197.95 | -0.662% | ||
| S3 | 197.62 | -0.83% |
MMC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | May 15, 2024 | $0.710 | 0.356% |
| 2 | Jan 10, 2024 | Jan 25, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
| 3 | Jan 10, 2024 | Jan 24, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
| 4 | Sep 20, 2023 | Oct 06, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
| 5 | Sep 20, 2023 | Oct 05, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
FAQ
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