MediaAlpha Inc. Stock Forecast
Red day on Friday for MediaAlpha Inc.
(Updated on May 17, 2024)
The MediaAlpha Inc. stock price fell by -2.44% on the last day (Friday, 17th May 2024) from $18.83 to $18.37. During the last trading day the stock fluctuated 4.44% from a day low at $18.26 to a day high of $19.07. The price has fallen in 7 of the last 10 days and is down by -17.25% for this period. 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 -404 thousand shares and in total, 462 thousand shares were bought and sold for approximately $8.49 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.72% during the next 3 months and, with a 90% probability hold a price between $14.77 and $21.50 at the end of this 3-month period.
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MAX Signals & Forecast
There are few to no technical positive signals at the moment. The MediaAlpha Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.19 and $19.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -17.25%. 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). 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 MediaAlpha Inc. stock
MediaAlpha Inc. finds support from accumulated volume at $18.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.81 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 4.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MediaAlpha Inc. to open at $18.57, and during the day (based on 14 day Average True Range), to move between $17.21 and $19.53, which gives a possible trading interval of +/-$1.16 (+/-6.33%) up or down from last closing price. If MediaAlpha Inc. takes out the full calculated possible swing range there will be an estimated 12.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.30 (0.38%) than the resistance at $19.45 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MediaAlpha Inc. stock A Buy?
MediaAlpha Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.493 Sell Candidate Unchanged
Predicted Opening Price for MediaAlpha Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $18.57 ( 1.07%) | $18.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.38 | 5.48 % | |
| R2 | 19.07 | 3.80 % | ||
| R1 | 18.88 | 2.75 % | ||
| Current price: | 18.37 | |||
| Support | S1 | 18.26 | -0.614 % | |
| S2 | 18.07 | -1.65 % | ||
| S3 | 17.76 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.99 | 8.82 % | |
| R2 | 19.71 | 7.29 % | ||
| R1 | 19.45 | 5.88 % | ||
| Current price | 18.37 | |||
| Support | S1 | 18.30 | -0.381% | |
| S2 | 18.11 | -1.42% | ||
| S3 | 15.80 | -13.99% |
MAX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 07, 2004 | Nov 08, 2004 | Nov 05, 2004 | $5.70 | 0% |
| 2 | Jun 02, 1997 | Jul 11, 1997 | Aug 01, 1997 | $0.0250 | 0% |
| 3 | Apr 03, 1997 | Apr 12, 1997 | May 01, 1997 | $0.0200 | 0% |
| 4 | Dec 24, 1996 | Jan 14, 1997 | Feb 03, 1997 | $0.0200 | 0% |
| 5 | Oct 01, 1996 | Oct 16, 1996 | Nov 01, 1996 | $0.0200 | 0% |
FAQ
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