Masimo Corporation Stock Forecast

Masimo Corporation stock price ended at $138.11 on Monday, after gaining 0.138%.
(Updated on Apr 15, 2024)

MASI Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.95%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Masimo Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $141.73. On a fall, the stock will find some support from the long-term average at approximately $135.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. The stock had a Golden Star Signal on Thursday, March 14, 2024 in the short-term chart.

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.

Support, Risk & Stop-loss for Masimo Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $130.25 and $128.70. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Masimo Corporation finds support just below today's level at $130.25. If this is broken, then the next support from accumulated volume will be at $128.70 and $125.00.

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 $6.10 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 2.78%.

Our recommended stop-loss: $131.71 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (MASI) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Masimo Corporation to open at $139.67, and during the day (based on 14 day Average True Range), to move between $133.62 and $142.60, which gives a possible trading interval of +/-$4.49 (+/-3.25%) up or down from last closing price. If Masimo Corporation takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $139.43 (0.96%) than the support at $130.25 (5.69%), 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 Masimo Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.469 Buy Candidate Unchanged

Predicted Opening Price for Masimo Corporation of Tuesday, April 16, 2024

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