Maas Group Holdings Limited Stock Forecast
Stronger technical forecast for Maas Group Holdings Limited stock price after Thursday trading.
(Updated on Jun 27, 2024)
The Maas Group Holdings Limited stock price gained 2.67% on the last trading day (Thursday, 27th Jun 2024), rising from $4.12 to $4.23. During the last trading day the stock fluctuated 4.19% from a day low at $4.06 to a day high of $4.23. The price has risen in 5 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 89 thousand more shares were traded than the day before. In total, 229 thousand shares were bought and sold for approximately $968.01 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $4.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.04% during the next 3 months and, with a 90% probability hold a price between $3.48 and $3.87 at the end of this 3-month period. 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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MGH.AX Signals & Forecast
The Maas Group Holdings Limited 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 $4.10 and $4.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 7.36%. Further rise is indicated until a new top pivot has been found. Maas Group Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for Maas Group Holdings Limited stock
Maas Group Holdings Limited finds support from accumulated volume at $4.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.170 (4.19%) between high and low. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: $4.02 (-5.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (MGH.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Maas Group Holdings Limited to open at $4.17, and during the day (based on 14 day Average True Range), to move between $4.09 and $4.37, which gives a possible trading interval of +/-$0.139 (+/-3.29%) up or down from last closing price. If Maas Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.26 (0.71%) than the support at $4.19 (0.95%), 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 Maas Group Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.145 Buy Candidate Upgraded
Predicted Opening Price for Maas Group Holdings Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $4.17 ( 1.34%) | $4.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MGH.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.34 | 2.68% |
| R2 | 4.28 | 1.14% |
| R1 | 4.24 | 0.196% |
| Price | 4.23 | |
| S1 | 4.11 | -2.87% |
| S2 | 4.07 | -3.82% |
| S3 | 4.00 | -5.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.51 | 6.62% |
| R2 | 4.38 | 3.55% |
| R1 | 4.26 | 0.709% |
| Price | 4.23 | |
| S1 | 4.19 | -0.95% |
| S2 | 4.07 | -3.78% |
| S3 | 3.94 | -6.86% |
MGH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Apr 05, 2024 | $0.0300 | 0.679% |
| 2 | Sep 13, 2023 | Sep 13, 2023 | Sep 29, 2023 | $0.0300 | 0.90% |
| 3 | Mar 15, 2023 | Mar 15, 2023 | Apr 06, 2023 | $0.0300 | 1.14% |
| 4 | Sep 14, 2022 | Sep 14, 2022 | Oct 12, 2022 | $0.0350 | 1.26% |
| 5 | Mar 24, 2022 | Mar 24, 2022 | Apr 19, 2022 | $0.0200 | 0.392% |
FAQ
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