Moelis & Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Moelis & Company stock price ended at $57.24 on Tuesday, after gaining 0.175%.
(Updated on Jul 02, 2024)
The Moelis & Company stock price gained 0.175% on the last trading day (Tuesday, 2nd Jul 2024), rising from $57.14 to $57.24. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.40% from a day low at $56.95 to a day high of $57.75. The price has risen in 8 of the last 10 days and is up by 9.32% over the past 2 weeks. Volume fell on the last day by -174 thousand shares and in total, 281 thousand shares were bought and sold for approximately $16.10 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 lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $58.66 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.87% during the next 3 months and, with a 90% probability hold a price between $51.66 and $60.34 at the end of this 3-month period.
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MC Signals & Forecast
The Moelis & Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $55.03 and $55.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 9.45%. 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.
Support, Risk & Stop-loss for Moelis & Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $52.66 and $50.40. 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, Moelis & Company finds support just below today's level at $52.66. If this is broken, then the next support from accumulated volume will be at $50.40 and $50.26.
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 $0.800 between high and low, or 1.40%. For the last week, the stock has had daily average volatility of 2.63%.
The Moelis & Company stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $55.27 (-3.45%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (MC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Moelis & Company to open at $57.31, and during the day (based on 14 day Average True Range), to move between $55.88 and $58.60, which gives a possible trading interval of +/-$1.36 (+/-2.37%) up or down from last closing price. If Moelis & Company takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.75 (0.89%) than the support at $52.66 (8.00%), 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 Moelis & Company stock A Buy?
Moelis & Company 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: -0.891 Hold/Accumulate Unchanged
Predicted Opening Price for Moelis & Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $57.31 ( 0.128%) | $57.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.11 | 1.53% |
| R2 | 57.81 | 0.99% |
| R1 | 57.62 | 0.662% |
| Price | 57.24 | |
| S1 | 57.01 | -0.406% |
| S2 | 56.82 | -0.736% |
| S3 | 56.51 | -1.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 57.92 | 1.19% |
| R2 | 57.84 | 1.05% |
| R1 | 57.75 | 0.89% |
| Price | 57.24 | |
| S1 | 52.66 | -8.00% |
| S2 | 50.40 | -11.95% |
| S3 | 50.26 | -12.19% |
MC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | Jun 20, 2024 | $0.600 | 1.12% |
| 2 | Feb 07, 2024 | Feb 16, 2024 | Mar 28, 2024 | $0.600 | 1.06% |
| 3 | Nov 02, 2023 | Nov 10, 2023 | Dec 22, 2023 | $0.600 | 1.06% |
| 4 | Jul 26, 2023 | Aug 04, 2023 | Sep 22, 2023 | $0.600 | 1.34% |
| 5 | Apr 26, 2023 | May 05, 2023 | Jun 23, 2023 | $0.600 | 1.42% |
FAQ
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