RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MDIA
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Volatile ride for Mediaco Holding Inc. stock price on Thursday moving between $0.520 and $0.613
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Loss -14.84% PDF

The Mediaco Holding Inc. stock price fell by -14.84% on the last day (Thursday, 28th Mar 2024) from $0.620 to $0.528. During the last trading day the stock fluctuated 17.88% from a day low at $0.520 to a day high of $0.613. The price has fallen in 6 of the last 10 days but is still up by 5.64% over the past 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 -161 thousand shares and in total, 43 thousand shares were bought and sold for approximately $22.80 thousand.

The stock lies in the middle of a very 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 -12.10% during the next 3 months and, with a 90% probability hold a price between $0.364 and $0.544 at the end of this 3-month period.

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MDIA Signals & Forecast

The Mediaco Holding Inc. 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 $0.489 and $0.511. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -14.84%. Further fall is indicated until a new bottom pivot has been found. 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

Mediaco Holding Inc. finds support from accumulated volume at $0.527 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0930 between high and low, or 17.88%. For the last week the stock has had daily average volatility of 22.04%.

Our recommended stop-loss: $0.497 (-5.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (MDIA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Mediaco Holding Inc. to open at $0.554, and during the day (based on 14 day Average True Range), to move between $0.467 and $0.589, which gives a possible trading interval of +/-$0.0612 (+/-11.60%) up or down from last closing price. If Mediaco Holding Inc. takes out the full calculated possible swing range there will be an estimated 23.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.527 (0.28%) than the resistance at $0.588 (11.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mediaco Holding Inc. stock A Buy?

Mediaco Holding Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: -0.158 Hold/Accumulate Downgraded

Predicted Opening Price for Mediaco Holding Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.554 ( 4.85%) $0.528

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
Resistance R3 0.647 22.46 %
R2 0.611 15.73 %
R1 0.589 11.57 %
Current price: 0.528
Support S1 0.518 -1.88 %
S2 0.496 -6.04 %
S3 0.461 -12.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.629 19.11 %
R2 0.620 17.42 %
R1 0.588 11.38 %
Current price 0.528
Support S1 0.527 -0.284%
S2 0.520 -1.53%
S3 0.464 -12.14%

FAQ

What is the symbol for Mediaco Holding Inc. Stock and on which exchange is it traded?
The symbol for Mediaco Holding Inc. is MDIA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Mediaco Holding Inc. Stock?
Mediaco Holding Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

How to buy Mediaco Holding Inc. Stock?
Mediaco Holding Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mediaco Holding Inc. Stock.

What's the current price of Mediaco Holding Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Mediaco Holding Inc. (MDIA) share was $0.528.

What is the 52-week high and low for Mediaco Holding Inc. Stock?
The 52-week high for Mediaco Holding Inc. Stock is $1.76 and the 52-week low is $0.400.

What is the market capitalization of Mediaco Holding Inc. Stock?
As of the 2024-03-28, the market capitalization of Mediaco Holding Inc. is 13.92M.

When is the next earnings date for Mediaco Holding Inc.?
The upcoming earnings date for Mediaco Holding Inc. is May 10, 2024.
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About Mediaco Holding Inc.

Mediaco Holding. MediaCo Holding Inc. owns and operates radio stations in the United States. It operates in two segments, Radio and Outdoor Advertising. The Radio segment engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. The Outdoor Advertising segment operates advertising displays, such as bulletins, posters, and digital billboards primarily in Georgia, Alabama, South Carolina, Florida, Kentucky, West Virginia, and Ohio. T... MDIA Profile

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