Mobile Mini Inc Stock Forecast

Mobile Mini Inc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)

MINI.L Signals & Forecast

The Mobile Mini Inc 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 £50.14 and £48.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, February 26, 2024 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 Mobile Mini Inc stock

Mobile Mini Inc finds support from accumulated volume at £48.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £1.51 between high and low, or 2.97%. For the last week the stock has had daily average volatility of 3.02%.

The Mobile Mini Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: £49.04 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (MINI.L) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Mobile Mini Inc to open at £51.16, and during the day (based on 14 day Average True Range), to move between £49.32 and £52.18, which gives a possible trading interval of +/-£1.43 (+/-2.82%) up or down from last closing price. If Mobile Mini Inc takes out the full calculated possible swing range there will be an estimated 5.64% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £48.50, some £2.25 (4.43%) from the current price of £50.75, our system finds the risk reward attractive.

Is Mobile Mini Inc 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 Mobile Mini Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.470 Buy Candidate Upgraded

Predicted Opening Price for Mobile Mini Inc of Tuesday, May 7, 2024

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