MBIA Inc Stock Forecast
Evaluation of MBIA Inc stock downgraded after the last trading session.
(Updated on May 03, 2024)
The MBIA Inc stock price fell by -1.69% on the last day (Friday, 3rd May 2024) from $6.49 to $6.38. During the last trading day the stock fluctuated 4.64% from a day low at $6.36 to a day high of $6.65. The price has been going up and down for this period, and there has been a 4.25% 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 -31 thousand shares and in total, 205 thousand shares were bought and sold for approximately $1.31 million.
The stock lies in the middle of a 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 -2.63% during the next 3 months and, with a 90% probability hold a price between $5.86 and $6.63 at the end of this 3-month period.
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MBI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.43%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The MBIA Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $6.44 and $6.43. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for MBIA Inc stock
MBIA Inc finds support from accumulated volume at $6.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.295 between high and low, or 4.64%. For the last week the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MBI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect MBIA Inc to open at $6.46, and during the day (based on 14 day Average True Range), to move between $6.11 and $6.65, which gives a possible trading interval of +/-$0.270 (+/-4.24%) up or down from last closing price. If MBIA Inc takes out the full calculated possible swing range there will be an estimated 8.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.37 (0.16%) than the resistance at $6.53 (2.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MBIA Inc stock A Buy?
MBIA Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.012 Sell Candidate Downgraded
Predicted Opening Price for MBIA Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $6.46 ( 1.28%) | $6.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.76 | 5.90 % | |
| R2 | 6.64 | 4.14 % | ||
| R1 | 6.57 | 3.05 % | ||
| Current price: | 6.38 | |||
| Support | S1 | 6.35 | -0.486 % | |
| S2 | 6.28 | -1.58 % | ||
| S3 | 6.17 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.58 | 3.13 % | |
| R2 | 6.55 | 2.66 % | ||
| R1 | 6.53 | 2.35 % | ||
| Current price | 6.38 | |||
| Support | S1 | 6.37 | -0.157% | |
| S2 | 6.29 | -1.41% | ||
| S3 | 6.12 | -4.08% |
MBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Dec 26, 2023 | Dec 26, 2023 | $8.00 | 119.94% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 22, 2023 | $8.00 | 56.38% |
| 3 | Dec 06, 2007 | Dec 19, 2007 | Jan 15, 2008 | $0.340 | 2.12% |
| 4 | Sep 06, 2007 | Sep 19, 2007 | Oct 15, 2007 | $0.340 | 0.521% |
| 5 | Jun 07, 2007 | Jun 20, 2007 | Jul 16, 2007 | $0.340 | 0.561% |
FAQ
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