Motorola Solutions, Inc. Stock Forecast

Motorola Solutions, Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)

0K3H.L Signals & Forecast

The Motorola Solutions, 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 £374.95 and £362.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 6.30%. Further rise is indicated until a new top pivot has been found. Motorola Solutions, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Motorola Solutions, Inc. stock

Motorola Solutions, Inc. finds support from accumulated volume at £366.58 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 £5.04 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.08%.

Our recommended stop-loss: £361.49 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (0K3H.L) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Motorola Solutions, Inc. to open at £379.22, and during the day (based on 14 day Average True Range), to move between £376.05 and £385.75, which gives a possible trading interval of +/-£4.85 (+/-1.27%) up or down from last closing price. If Motorola Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £366.58, some £14.32 (3.76%) from the current price of £380.90, our system finds the risk reward attractive.

Is Motorola Solutions, Inc. stock A Buy?

Motorola Solutions, Inc. holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.463 Strong Buy Candidate Upgraded

Predicted Opening Price for Motorola Solutions, Inc. of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.