RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HZO
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Green day on Thursday for MarineMax Inc
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 2.62% PDF

The MarineMax Inc stock price gained 2.62% on the last trading day (Thursday, 28th Mar 2024), rising from $32.41 to $33.26. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.67% from a day low at $32.47 to a day high of $33.34. The price has risen in 6 of the last 10 days and is up by 12.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 204 thousand shares were bought and sold for approximately $6.80 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $34.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.21% during the next 3 months and, with a 90% probability hold a price between $22.22 and $30.67 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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HZO Signals & Forecast

Mostly positive signals in the chart today. The MarineMax 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 $31.43 and $31.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, January 30, 2024, and so far it has risen 19.00%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for MarineMax Inc stock

MarineMax Inc finds support from accumulated volume at $32.32 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 $0.87 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 3.69%.

Our recommended stop-loss: $32.04 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 41 days ago.)

Trading Expectations (HZO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MarineMax Inc to open at $33.02, and during the day (based on 14 day Average True Range), to move between $31.99 and $34.53, which gives a possible trading interval of +/-$1.27 (+/-3.81%) up or down from last closing price. If MarineMax Inc takes out the full calculated possible swing range there will be an estimated 7.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $33.68 (1.26%) than the support at $32.32 (2.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is MarineMax 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.

Current score: 3.977 Buy Candidate Unchanged

Predicted Opening Price for MarineMax Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$33.02 ( 0.713%) $33.26

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

Trading levels for HZO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 33.89 1.90 %
R2 33.56 0.90 %
R1 33.35 0.284 %
Current price: 33.26
Support S1 32.69 -1.71 %
S2 32.49 -2.33 %
S3 32.15 -3.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 38.90 16.96 %
R2 34.47 3.64 %
R1 33.68 1.26 %
Current price 33.26
Support S1 32.32 -2.83%
S2 28.37 -14.70%
S3 28.01 -15.78%

FAQ

What is the symbol for MarineMax Inc Stock and on which exchange is it traded?
The symbol for MarineMax Inc is HZO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell MarineMax Inc Stock?
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.

How to buy MarineMax Inc Stock?
MarineMax Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MarineMax Inc Stock.

What's the current price of MarineMax Inc Stock?
As of the end of day on the 2024-03-28, the price of an MarineMax Inc (HZO) share was $33.26.

What is the 52-week high and low for MarineMax Inc Stock?
The 52-week high for MarineMax Inc Stock is $42.87 and the 52-week low is $25.60.

What is the market capitalization of MarineMax Inc Stock?
As of the 2024-03-28, the market capitalization of MarineMax Inc is 741.685M.

When is the next earnings date for MarineMax Inc?
The upcoming earnings date for MarineMax Inc is Apr 25, 2024.
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About MarineMax Inc

MarineMax MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, pontoon boats, ski boats, jet boats, and other recreational boats. It also offers marine parts and accessories... HZO Profile

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