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 MAREL.IC
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Green day on Wednesday for Marel hf.
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 4.39% PDF

The Marel hf. stock price gained 4.39% on the last trading day (Wednesday, 27th Mar 2024), rising from 456.00 Íkr to 476.00 Íkr. During the last trading day the stock fluctuated 5.54% from a day low at 451.00 Íkr to a day high of 476.00 Íkr. The price has fallen in 5 of the last 10 days but is still up by 1.49% over the past 2 weeks. Volume fell on the last day by -235 thousand shares and in total, 1 million shares were bought and sold for approximately 517.57 Íkr 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Marel hf. stock with a 90% probability to be traded between 444.45 Íkr and 499.82 Íkr 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.

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MAREL.IC Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 5.08%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Marel hf. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 478.69 Íkr. On a fall, the stock will find some support from the short-term average at 463.00 Íkr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Marel hf. stock

Marel hf. finds support from accumulated volume at 474.00 Íkr 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 25.00 Íkr between high and low, or 5.54%. For the last week the stock has had daily average volatility of 2.71%.

Our recommended stop-loss: 458.52 Íkr (-3.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (MAREL.IC) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Marel hf. to open at 467.67 Íkr, and during the day (based on 14 day Average True Range), to move between 466.49 Íkr and 485.51 Íkr, which gives a possible trading interval of +/-9.51 Íkr (+/-2.00%) up or down from last closing price. If Marel hf. takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 474.00 Íkr (0.42%) than the resistance at 483.00 Íkr (1.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Marel hf. stock A Buy?

Marel hf. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.013 Hold/Accumulate Unchanged

Predicted Opening Price for Marel hf. of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
467.67 Íkr ( 1.75%) 476.00 Íkr

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

Trading levels for MAREL.IC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 492.67 3.50 %
R2 483.12 1.50 %
R1 477.22 0.256 %
Current price: 476.00
Support S1 458.12 -3.76 %
S2 452.22 -5.00 %
S3 442.67 -7.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 506.00 6.30 %
R2 493.00 3.57 %
R1 483.00 1.47 %
Current price 476.00
Support S1 474.00 -0.420%
S2 472.00 -0.84%
S3 455.00 -4.41%

MAREL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 22, 2024 Mar 22, 2024 Mar 22, 2024 0 Íkr 0%
2 Mar 24, 2023 Mar 24, 2023 Mar 24, 2023 0.0156 Íkr 0.0028%
3 Mar 18, 2022 Mar 18, 2022 Mar 18, 2022 0.0512 Íkr 0.0070%
4 Mar 19, 2021 Mar 19, 2021 Mar 19, 2021 0.0545 Íkr 0.0064%
5 Mar 20, 2020 Mar 20, 2020 Mar 20, 2020 0.0579 Íkr 0.0110%

FAQ

What is the symbol for Marel hf. Stock and on which exchange is it traded?
The symbol for Marel hf. is MAREL.IC and it is traded on the OMXI (Iceland Stock Exchange).

Should I buy or sell Marel hf. Stock?
Marel hf. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Marel hf. Stock?
As of the end of day on the 2024-03-27, the price of an Marel hf. (MAREL.IC) share was 476.00 Íkr.

What is the 52-week high and low for Marel hf. Stock?
The 52-week high for Marel hf. Stock is 620.00 Íkr and the 52-week low is 327.00 Íkr.

What is the market capitalization of Marel hf. Stock?
As of the 2024-03-27, the market capitalization of Marel hf. is 343.802B.

When is the next earnings date for Marel hf.?
The upcoming earnings date for Marel hf. is Apr 29, 2024.
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About Marel hf.

Marel hf. Marel hf. develops, manufactures, sells, and distributes processing equipment, systems, software, and services for poultry, meat, and fish industries. The company's Poultry Processing segment offers integrated systems, software, and services for processing broilers, turkeys, and ducks. Its Meat Processing segment provides processing equipment, systems, software, and services of pork, beef, veal, and sheep. The company's Fish Processing segment of... MAREL.IC Profile

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