Mediaco Holding Inc. Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy Signal from Moving Average: Indicates potential upward movement.
Sell Signal (MA)
Sell Signal from Moving Average: Indicates potential downward movement.
AI Analysis of MDIA
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Mediaco Holding Inc. stock price ended at $1.20 on Thursday, after losing 0.83%
(Updated on Oct 03, 2024)
Sell candidate since Sep 04, 2024
Loss -64.76%
The Mediaco Holding Inc. stock price fell by -0.83% on the last day (Thursday, 3rd Oct 2024) from $1.21 to $1.20. During the last trading day the stock fluctuated 5.93% from a day low at $1.18 to a day high of $1.25. The price has fallen in 7 of the last 10 days and is down by -25.23% 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 -35 thousand shares and in total, 17 thousand shares were bought and sold for approximately $20.39 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.12 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.78% during the next 3 months and, with a 90% probability hold a price between $0.722 and $2.75 at the end of this 3-month period.
MDIA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, October 01, 2024, and so far it has fallen 0%. 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 Mediaco Holding 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 $1.26 and $2.64. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mediaco Holding Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0700 between high and low, or 5.93%. For the last week the stock has had daily average volatility of 13.11%.
Mediaco Holding Inc. is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MDIA) For The Upcoming Trading Day Of Friday 4th
For the upcoming trading day on Friday, 4th we expect Mediaco Holding Inc. to open at $1.21, and during the day (based on 14 day Average True Range), to move between $0.90 and $1.50, which gives a possible trading interval of +/-$0.296 (+/-24.68%) up or down from last closing price. If Mediaco Holding Inc. takes out the full calculated possible swing range there will be an estimated 49.35% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.21, some $0.0100 (0.83%) from the current price of $1.20, our system finds the risk reward not very attractive.
Is Mediaco Holding Inc. stock A Buy?
Mediaco Holding 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.
Current score:
-3.628
Sell Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on October 4, 2024 - $1.21 ( 0.83%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for MDIA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.28 | 6.67% |
| R2 | 1.25 | 4.44% |
| R1 | 1.24 | 3.06% |
| Price | 1.20 | |
| S1 | 1.18 | -1.40% |
| S2 | 1.17 | -2.77% |
| S3 | 1.14 | -5.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.30 | 8.33% |
| R2 | 1.28 | 6.67% |
| R1 | 1.21 | 0.83% |
| Price | 1.20 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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