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 MESA
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Weaker technical forecast for Mesa Air Group Inc as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Mesa Air Group Inc stock price gained 0.744% on the last trading day (Thursday, 28th Mar 2024), rising from $0.87 to $0.88. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.70% from a day low at $0.84 to a day high of $0.89. The price has risen in 7 of the last 10 days and is up by 10.71% over the past 2 weeks. Volume fell on the last day by -121 thousand shares and in total, 91 thousand shares were bought and sold for approximately $79.94 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -8.83% during the next 3 months and, with a 90% probability hold a price between $0.487 and $0.98 at the end of this 3-month period.

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MESA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 14.09%. 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 Mesa Air Group Inc 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 $0.89. On a fall, the stock will find some support from the short-term average at $0.86. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Mesa Air Group Inc stock

Mesa Air Group Inc finds support from accumulated volume at $0.87 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 $0.0480 between high and low, or 5.70%. For the last week the stock has had daily average volatility of 5.17%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Mesa Air Group Inc to open at $0.87, and during the day (based on 14 day Average True Range), to move between $0.82 and $0.94, which gives a possible trading interval of +/-$0.0585 (+/-6.65%) up or down from last closing price. If Mesa Air Group Inc takes out the full calculated possible swing range there will be an estimated 13.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.87 (0.74%) than the resistance at $0.96 (9.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mesa Air Group Inc stock A Buy?

Mesa Air Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.649 Sell Candidate Downgraded

Predicted Opening Price for Mesa Air Group Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.87 ( 1.07%) $0.88

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

Trading levels for MESA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.92 4.39 %
R2 0.90 2.30 %
R1 0.89 1.02 %
Current price: 0.88
Support S1 0.85 -3.15 %
S2 0.84 -4.44 %
S3 0.82 -6.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.00 13.69 %
R2 0.99 12.54 %
R1 0.96 9.14 %
Current price 0.88
Support S1 0.87 -0.739%
S2 0.85 -3.38%
S3 0.741 -15.75%

FAQ

What is the symbol for Mesa Air Group Inc Stock and on which exchange is it traded?
The symbol for Mesa Air Group Inc is MESA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

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

How to buy Mesa Air Group Inc Stock?
Mesa Air Group 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 Mesa Air Group Inc Stock.

What's the current price of Mesa Air Group Inc Stock?
As of the end of day on the 2024-03-28, the price of an Mesa Air Group Inc (MESA) share was $0.88.

What is the 52-week high and low for Mesa Air Group Inc Stock?
The 52-week high for Mesa Air Group Inc Stock is $2.69 and the 52-week low is $0.400.

What is the market capitalization of Mesa Air Group Inc Stock?
As of the 2024-03-28, the market capitalization of Mesa Air Group Inc is 36.011M.

When is the next earnings date for Mesa Air Group Inc?
The upcoming earnings date for Mesa Air Group Inc is May 14, 2024.
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About Mesa Air Group Inc

Mesa Air Group Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. It also engages in leasing aircrafts to third parties. As of September 30, 2021, the company operated a fleet of 167 aircraft, which include 153 owned aircrafts and 14 leased aircrafts with approximately 507 daily departures to 129 cities in ... MESA Profile

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