Marchex Stock Forecast
Marchex stock price down 1.46% on Thursday
(Updated on Apr 25, 2024)
The Marchex stock price fell by -1.46% on the last day (Thursday, 25th Apr 2024) from $1.37 to $1.35. During the last trading day the stock fluctuated 4.62% from a day low at $1.30 to a day high of $1.36. The price has fallen in 5 of the last 10 days and is down by -1.46% 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 -9 thousand shares and in total, 2 thousand shares were bought and sold for approximately $3.25 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Marchex stock with a 90% probability to be traded between $1.22 and $1.47 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MCHX Signals & Forecast
There are mixed signals in the stock today. The Marchex stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.35. On a fall, the stock will find some support from the short-term average at $1.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.46%. 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 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. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 15.80% to $1.56 within 39 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for Marchex stock
Marchex finds support from accumulated volume at $1.30 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 $0.0600 between high and low, or 4.62%. For the last week the stock has had daily average volatility of 6.15%.
Our recommended stop-loss: $1.28 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MCHX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Marchex to open at $1.34, and during the day (based on 14 day Average True Range), to move between $1.27 and $1.43, which gives a possible trading interval of +/-$0.0799 (+/-5.92%) up or down from last closing price. If Marchex takes out the full calculated possible swing range there will be an estimated 11.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.39 (2.96%) than the support at $1.30 (3.70%), 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
Marchex will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for Marchex, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.08% in the first trading day after earnings release.
Is Marchex stock A Buy?
Marchex 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: -0.457 Hold/Accumulate Unchanged
Predicted Opening Price for Marchex of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.34 ( 0.99%) | $1.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCHX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.40 | 3.46 % | |
| R2 | 1.37 | 1.76 % | ||
| R1 | 1.36 | 0.710 % | ||
| Current price: | 1.35 | |||
| Support | S1 | 1.31 | -2.69 % | |
| S2 | 1.30 | -3.73 % | ||
| S3 | 1.28 | -5.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.48 | 9.63 % | |
| R2 | 1.41 | 4.44 % | ||
| R1 | 1.39 | 2.96 % | ||
| Current price | 1.35 | |||
| Support | S1 | 1.30 | -3.70% | |
| S2 | 1.25 | -7.41% | ||
| S3 | 1.23 | -8.89% |
MCHX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2017 | Mar 07, 2018 | Mar 21, 2018 | $0.500 | 17.61% |
| 2 | Apr 15, 2015 | May 05, 2015 | May 18, 2015 | $0.0200 | 0.390% |
| 3 | Jan 16, 2015 | Feb 04, 2015 | Feb 17, 2015 | $0.0200 | 0.460% |
| 4 | Oct 17, 2014 | Nov 05, 2014 | Nov 18, 2014 | $0.0200 | 0.548% |
| 5 | Jul 17, 2014 | Aug 01, 2014 | Aug 15, 2014 | $0.0200 | 0.216% |
FAQ
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