Mesoblast Ltd Stock Forecast
Evaluation of Mesoblast Ltd stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Mesoblast Ltd stock price fell by -1.13% on the last day (Thursday, 25th Apr 2024) from $6.22 to $6.15. During the last trading day the stock fluctuated 6.40% from a day low at $5.90 to a day high of $6.28. The price has risen in 6 of the last 10 days and is up by 7.33% over the past 2 weeks. Volume has increased on the last day by 41 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 239 thousand shares were bought and sold for approximately $1.47 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 167.81% during the next 3 months and, with a 90% probability hold a price between $10.63 and $21.31 at the end of this 3-month period.
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MESO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -6.68%. 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). Mesoblast Ltd 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". The Mesoblast Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.60 and $4.34. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Mesoblast Ltd stock
Mesoblast Ltd finds support from accumulated volume at $6.08 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 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 $0.378 between high and low, or 6.40%. For the last week, the stock has had daily average volatility of 5.96%.
Our recommended stop-loss: $5.95 (-3.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (MESO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Mesoblast Ltd to open at $6.11, and during the day (based on 14 day Average True Range), to move between $5.63 and $6.67, which gives a possible trading interval of +/-$0.518 (+/-8.42%) up or down from last closing price. If Mesoblast Ltd takes out the full calculated possible swing range there will be an estimated 16.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.08 (1.14%) than the resistance at $6.29 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mesoblast Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mesoblast Ltd stock to perform well in the short-term. 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 Buy candidate.
Current score: 2.814 Buy Candidate Downgraded
Predicted Opening Price for Mesoblast Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $6.11 ( 0.640%) | $6.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MESO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.49 | 5.51 % | |
| R2 | 6.34 | 3.16 % | ||
| R1 | 6.26 | 1.71 % | ||
| Current price: | 6.15 | |||
| Support | S1 | 5.97 | -2.99 % | |
| S2 | 5.88 | -4.44 % | ||
| S3 | 5.73 | -6.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.59 | 7.15 % | |
| R2 | 6.32 | 2.76 % | ||
| R1 | 6.29 | 2.28 % | ||
| Current price | 6.15 | |||
| Support | S1 | 6.08 | -1.14% | |
| S2 | 5.80 | -5.69% | ||
| S3 | 5.01 | -18.54% |
FAQ
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