Maximus Inc Stock Forecast
Maximus Inc stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Maximus Inc stock price gained 1.31% on the last trading day (Thursday, 2nd May 2024), rising from $80.74 to $81.80. During the last trading day the stock fluctuated 1.79% from a day low at $80.44 to a day high of $81.88. The price has fallen in 6 of the last 10 days but is still up by 2.2% over the past 2 weeks. Volume fell on the last day by -46 thousand shares and in total, 160 thousand shares were bought and sold for approximately $13.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.34% during the next 3 months and, with a 90% probability hold a price between $77.56 and $82.36 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MMS Signals & Forecast
Mostly positive signals in the chart today. The Maximus 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 $80.81 and $81.45. 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 2.53%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Maximus Inc stock
Maximus Inc finds support from accumulated volume at $81.31 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 $1.44 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: $77.89 (-4.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (MMS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Maximus Inc to open at $81.37, and during the day (based on 14 day Average True Range), to move between $80.53 and $83.07, which gives a possible trading interval of +/-$1.27 (+/-1.55%) up or down from last closing price. If Maximus Inc takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $81.31 (0.60%) than the resistance at $82.30 (0.61%), 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
Maximus Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.31. We will update the financials statements for Maximus Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.24% in the first trading day after earnings release.
Is Maximus 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.889 Buy Candidate Upgraded
Predicted Opening Price for Maximus Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $81.37 ( 0.522%) | $81.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.81 | 1.24 % | |
| R2 | 82.26 | 0.566 % | ||
| R1 | 81.92 | 0.151 % | ||
| Current price: | 81.80 | |||
| Support | S1 | 80.82 | -1.19 % | |
| S2 | 80.48 | -1.61 % | ||
| S3 | 79.93 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.96 | 2.64 % | |
| R2 | 82.57 | 0.94 % | ||
| R1 | 82.30 | 0.611 % | ||
| Current price | 81.80 | |||
| Support | S1 | 81.31 | -0.599% | |
| S2 | 78.82 | -3.64% | ||
| S3 | 78.41 | -4.14% |
MMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | May 14, 2024 | May 31, 2024 | $0.300 | 0.367% |
| 2 | Jan 11, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.300 | 0.359% |
| 3 | Oct 10, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.300 | 0.359% |
| 4 | Jul 11, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.280 | 0.346% |
| 5 | Apr 11, 2023 | May 12, 2023 | May 31, 2023 | $0.280 | 0.346% |
FAQ
Click here for our free guide on how to buy Maximus Inc Stock.
