Maravai LifeSciences Holdings, Inc. Stock Forecast
Maravai LifeSciences Holdings, Inc. stock price ended at $8.67 on Friday, after losing 2.47%.
(Updated on May 31, 2024)
The Maravai LifeSciences Holdings, Inc. stock price fell by -2.47% on the last day (Friday, 31st May 2024) from $8.89 to $8.67. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 6.05% from a day low at $8.59 to a day high of $9.11. The price has fallen in 6 of the last 10 days and is down by -21.89% for this period. 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 -34 thousand shares and in total, 2 million shares were bought and sold for approximately $17.53 million.
Given the current short-term trend, the stock is expected to rise 33.93% during the next 3 months and, with a 90% probability hold a price between $11.61 and $15.70 at the end of this 3-month period.
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MRVI Signals & Forecast
There are few to no technical positive signals at the moment. The Maravai LifeSciences Holdings, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.99 and $9.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -23.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Maravai LifeSciences Holdings, Inc. stock
Maravai LifeSciences Holdings, Inc. finds support from accumulated volume at $8.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.520 between high and low, or 6.05%. For the last week, the stock has had daily average volatility of 5.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MRVI) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Maravai LifeSciences Holdings, Inc. to open at $8.79, and during the day (based on 14 day Average True Range), to move between $8.10 and $9.24, which gives a possible trading interval of +/-$0.565 (+/-6.52%) up or down from last closing price. If Maravai LifeSciences Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 13.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.61 (0.69%) than the resistance at $8.93 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Maravai LifeSciences Holdings, Inc. stock A Buy?
The Maravai LifeSciences Holdings, Inc. stock holds several negative signals and despite the positive trend, we believe Maravai LifeSciences Holdings, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -5.625 Strong Sell Candidate Unchanged
Predicted Opening Price for Maravai LifeSciences Holdings, Inc. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $8.79 ( 1.38%) | $8.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRVI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.31 | 7.38 % | |
| R2 | 9.11 | 5.09 % | ||
| R1 | 8.99 | 3.68 % | ||
| Current price: | 8.67 | |||
| Support | S1 | 8.59 | -0.91 % | |
| S2 | 8.47 | -2.32 % | ||
| S3 | 8.27 | -4.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.46 | 20.65 % | |
| R2 | 9.86 | 13.73 % | ||
| R1 | 8.93 | 3.00 % | ||
| Current price | 8.67 | |||
| Support | S1 | 8.61 | -0.692% | |
| S2 | 8.16 | -5.88% | ||
| S3 | 7.70 | -11.19% |
FAQ
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