Merrill Lynch & Co., Inc. 6.0518% Index Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Merrill Lynch & Co., Inc. 6.0518% Index stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Merrill Lynch & Co., Inc. 6.0518% Index stock price gained 1.46% on the last trading day (Tuesday, 25th Jun 2024), rising from $25.35 to $25.72. During the last trading day the stock fluctuated 0.469% from a day low at $25.60 to a day high of $25.72. The price has risen in 5 of the last 10 days and is up by 1.1% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $59.57 thousand.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $25.78 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Merrill Lynch & Co., Inc. 6.0518% Index stock with a 90% probability to be traded between $24.68 and $25.57 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. 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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IPB Signals & Forecast
The Merrill Lynch & Co., Inc. 6.0518% Index 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 $25.54 and $25.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.66%. Further rise is indicated until a new top pivot has been found. Merrill Lynch & Co., Inc. 6.0518% Index 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. The very low volume increases the risk and reduces the other technical signals issued. 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). The stock had a Golden Star Signal on Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 06, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, May 13, 2024 and based on theory for this formation the price should go up by 2.00% to $26.23 within 16 trading days since signal was issued (Wednesday, June 05, 2024).
Support, Risk & Stop-loss for Merrill Lynch & Co., Inc. 6.0518% Index stock
Merrill Lynch & Co., Inc. 6.0518% Index finds support from accumulated volume at $25.65 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 $0.120 between high and low, or 0.469%. For the last week the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: $24.37 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (IPB) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Merrill Lynch & Company., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 to open at $25.68, and during the day (based on 14 day Average True Range), to move between $25.46 and $25.98, which gives a possible trading interval of +/-$0.258 (+/-1.00%) up or down from last closing price. If Merrill Lynch & Company., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.77 (0.20%) than the support at $25.65 (0.27%), 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 Merrill Lynch & Company., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 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 Merrill Lynch & Co., Inc. 6.0518% Index 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: 1.717 Buy Candidate Upgraded
Predicted Opening Price for Merrill Lynch & Company., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1 of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.68 ( 0.156%) | $25.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IPB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.80 | 0.311% |
| R2 | 25.75 | 0.133% |
| R1 | 25.73 | 0.0227% |
| Price | 25.72 | |
| S1 | 25.63 | -0.334% |
| S2 | 25.61 | -0.444% |
| S3 | 25.56 | -0.622% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.85 | 0.505% |
| R2 | 25.78 | 0.238% |
| R1 | 25.77 | 0.196% |
| Price | 25.72 | |
| S1 | 25.65 | -0.272% |
| S2 | 25.50 | -0.86% |
| S3 | 25.35 | -1.44% |
IPB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jun 20, 2024 | $0.756 | 2.99% |
| 2 | Dec 18, 2023 | Dec 18, 2023 | Dec 20, 2023 | $0.756 | 3.00% |
| 3 | Jun 15, 2023 | Jun 15, 2023 | Jun 20, 2023 | $0.756 | 2.91% |
| 4 | Dec 16, 2022 | Dec 16, 2022 | Dec 20, 2022 | $0.756 | 3.02% |
| 5 | Jun 16, 2022 | Jun 16, 2022 | Jun 20, 2022 | $0.756 | 3.02% |
FAQ
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