Mediaco Holding Inc. Stock Forecast

Volatile ride for Mediaco Holding Inc. stock price on Friday moving between $1.60 and $1.92
(Updated on Apr 26, 2024)

MDIA Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -59.67%. 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). Mediaco Holding Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Mediaco Holding Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.06. On a fall, the stock will find some support from the long-term average at approximately $1.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Mediaco Holding Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.40 and $1.31. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $1.31 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.320 between high and low, or 20.00%. For the last week, the stock has had daily average volatility of 19.57%.

Our recommended stop-loss: $1.64 (-5.28%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (MDIA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Mediaco Holding Inc. to open at $1.75, and during the day (based on 14 day Average True Range), to move between $1.12 and $2.34, which gives a possible trading interval of +/-$0.612 (+/-35.38%) up or down from last closing price. If Mediaco Holding Inc. takes out the full calculated possible swing range there will be an estimated 70.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.82 (5.20%) than the support at $1.40 (19.08%), 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 Mediaco Holding Inc. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.008 Buy Candidate Unchanged

Predicted Opening Price for Mediaco Holding Inc. of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.