MFF Capital Investments Limited Stock Forecast
Green day on Wednesday for MFF Capital Investments Limited stock after gaining 0.541%
(Updated on Jun 26, 2024)
The MFF Capital Investments Limited stock price gained 0.541% on the last trading day (Wednesday, 26th Jun 2024), rising from $3.70 to $3.72. It has now gained 5 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 1.09% from a day low at $3.68 to a day high of $3.72. The price has risen in 6 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume fell on the last day by -80 thousand shares and in total, 189 thousand shares were bought and sold for approximately $701.29 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.
Given the current horizontal trend, you can expect MFF Capital Investments Limited stock with a 90% probability to be traded between $3.40 and $3.71 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MFF.AX Signals & Forecast
The MFF Capital Investments Limited 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 $3.63 and $3.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 9.09%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. The stock had a Golden Star Signal on Friday, November 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, November 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for MFF Capital Investments Limited stock
MFF Capital Investments Limited finds support from accumulated volume at $3.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0400 between high and low, or 1.09%. For the last week the stock has had daily average volatility of 1.55%
Our recommended stop-loss: $3.60 (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (MFF.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect MFF Capital Investments Limited to open at $3.71, and during the day (based on 14 day Average True Range), to move between $3.67 and $3.77, which gives a possible trading interval of +/-$0.0498 (+/-1.34%) up or down from last closing price. If MFF Capital Investments Limited takes out the full calculated possible swing range there will be an estimated 2.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $3.64, some $0.0800 (2.15%) from the current price of $3.72, our system finds the risk reward attractive.
Is MFF Capital Investments Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MFF Capital Investments Limited stock to perform well in the short-term period.
Current score: 2.394 Buy Candidate Unchanged
Predicted Opening Price for MFF Capital Investments Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $3.71 ( 0.358%) | $3.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MFF.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.75 | 0.717% |
| R2 | 3.73 | 0.306% |
| R1 | 3.72 | 0.0523% |
| Price | 3.72 | |
| S1 | 3.69 | -0.769% |
| S2 | 3.68 | -1.02% |
| S3 | 3.67 | -1.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 3.72 | |
| S1 | 3.64 | -2.15% |
| S2 | 3.52 | -5.38% |
| S3 | 3.47 | -6.72% |
MFF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | May 14, 2024 | $0.0600 | 1.71% |
| 2 | Oct 06, 2023 | Oct 06, 2023 | Oct 06, 2023 | $0.0500 | 1.70% |
| 3 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | $0.0450 | 1.76% |
| 4 | Oct 07, 2022 | Oct 07, 2022 | Oct 07, 2022 | $0.0400 | 1.65% |
| 5 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | $0.0350 | 1.38% |
FAQ
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