Marchex Stock Forecast
Volatile ride for Marchex stock price on Tuesday moving between $1.36 and $1.52
(Updated on Jul 02, 2024)
The Marchex stock price fell by -7.14% on the last day (Tuesday, 2nd Jul 2024) from $1.54 to $1.43. During the last trading day the stock fluctuated 12.10% from a day low at $1.36 to a day high of $1.52. The price has fallen in 5 of the last 10 days and is down by -8.33% 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 -20 thousand shares and in total, 5 thousand shares were bought and sold for approximately $7.02 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.26% during the next 3 months and, with a 90% probability hold a price between $1.62 and $1.99 at the end of this 3-month period.
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MCHX Signals & Forecast
There are few to no technical positive signals at the moment. The Marchex 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 $1.51 and $1.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -13.33%. 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.
Support, Risk & Stop-loss for Marchex stock
Marchex finds support from accumulated volume at $1.39 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 $0.164 between high and low, or 12.10%. For the last week the stock has had daily average volatility of 5.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MCHX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Marchex to open at $1.44, and during the day (based on 14 day Average True Range), to move between $1.34 and $1.52, which gives a possible trading interval of +/-$0.0945 (+/-6.61%) up or down from last closing price. If Marchex takes out the full calculated possible swing range there will be an estimated 13.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.46 (2.10%) than the support at $1.39 (2.80%), 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 Marchex stock A Buy?
The Marchex stock holds several negative signals and despite the positive trend, we believe Marchex will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -2.774 Sell Candidate Downgraded
Predicted Opening Price for Marchex of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.44 ( 0.371%) | $1.43 |
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 | |
|---|---|---|
| R3 | 1.60 | 11.85% |
| R2 | 1.54 | 7.46% |
| R1 | 1.50 | 4.75% |
| Price | 1.43 | |
| S1 | 1.37 | -4.01% |
| S2 | 1.33 | -6.72% |
| S3 | 1.27 | -11.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.65 | 15.38% |
| R2 | 1.48 | 3.50% |
| R1 | 1.46 | 2.10% |
| Price | 1.43 | |
| S1 | 1.39 | -2.80% |
| S2 | 1.38 | -3.50% |
| S3 | 1.36 | -4.90% |
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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