Mativ Holdings Inc Stock Forecast
Red day on Friday for Mativ Holdings Inc stock after losing 0.599%
(Updated on May 03, 2024)
The Mativ Holdings Inc stock price fell by -0.599% on the last day (Friday, 3rd May 2024) from $18.35 to $18.24. During the last trading day the stock fluctuated 3.69% from a day low at $18.14 to a day high of $18.81. The price has been going up and down for this period, and there has been a 2.01% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -96 thousand shares and in total, 187 thousand shares were bought and sold for approximately $3.41 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.34% during the next 3 months and, with a 90% probability hold a price between $23.23 and $29.48 at the end of this 3-month period.
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MATV Signals & Forecast
The Mativ Holdings 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 $18.16 and $18.02. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.72%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Mativ Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.98 and $16.78. 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, Mativ Holdings Inc finds support just below today's level at $16.98. If this is broken, then the next support from accumulated volume will be at $16.78 and $16.32.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.670 (3.69%) between high and low. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: $17.50 (-4.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (MATV) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Mativ Holdings Inc to open at $18.40, and during the day (based on 14 day Average True Range), to move between $17.61 and $18.87, which gives a possible trading interval of +/-$0.628 (+/-3.44%) up or down from last closing price. If Mativ Holdings Inc takes out the full calculated possible swing range there will be an estimated 6.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.38 (0.77%) than the support at $16.98 (6.91%), 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.
Earnings coming up
Mativ Holdings Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.250. We will update the financials statements for Mativ Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.30% in the first trading day after earnings release.
Is Mativ Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mativ Holdings Inc stock to perform well in the short-term.
Current score: 1.700 Buy Candidate Unchanged
Predicted Opening Price for Mativ Holdings Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $18.40 ( 0.86%) | $18.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MATV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.07 | 4.53 % | |
| R2 | 18.81 | 3.13 % | ||
| R1 | 18.65 | 2.26 % | ||
| Current price: | 18.24 | |||
| Support | S1 | 18.14 | -0.544 % | |
| S2 | 17.98 | -1.41 % | ||
| S3 | 17.73 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.75 | 2.80 % | |
| R2 | 18.65 | 2.25 % | ||
| R1 | 18.38 | 0.768 % | ||
| Current price | 18.24 | |||
| Support | S1 | 16.98 | -6.91% | |
| S2 | 16.78 | -8.00% | ||
| S3 | 16.32 | -10.53% |
MATV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.100 | 0.573% |
| 2 | Nov 08, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.100 | 0.720% |
| 3 | Aug 09, 2023 | Aug 24, 2023 | Sep 22, 2023 | $0.100 | 0.655% |
| 4 | May 10, 2023 | May 25, 2023 | Jun 23, 2023 | $0.400 | 2.71% |
| 5 | Feb 22, 2023 | Mar 06, 2023 | Mar 24, 2023 | $0.400 | 1.95% |
FAQ
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