Mobile Mini Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Mobile Mini Inc stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
No changes to the price of Mobile Mini Inc stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.97% from a day low at £50.61 to a day high of £52.12. The price has been going up and down for this period, and there has been a 4.21% gain for the last 2 weeks.
The stock lies in the upper part of a weak rising 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 £50.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.98% during the next 3 months and, with a 90% probability hold a price between £48.76 and £52.80 at the end of this 3-month period.
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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.
Golden Star 12 Months
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
Fair opening price May 7, 2024 | Current price |
---|---|
£51.16 ( 0.80%) | £50.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MINI.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 52.66 | 3.77 % | |
R2 | 52.09 | 2.64 % | ||
R1 | 51.73 | 1.94 % | ||
Current price: | 50.75 | |||
Support | S1 | 50.58 | -0.328 % | |
S2 | 50.23 | -1.03 % | ||
S3 | 49.65 | -2.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 50.75 | |||
Support | S1 | 48.50 | -4.43% | |
S2 | 48.30 | -4.83% | ||
S3 | 48.10 | -5.22% |
MINI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | £0.0015 | 0.0028% |
2 | Jul 19, 2022 | Sep 01, 2022 | Sep 30, 2022 | £0.150 | 0.244% |
3 | Jul 06, 2021 | Sep 02, 2021 | Sep 09, 2021 | £0.0100 | 0.0108% |
4 | Jun 29, 2020 | Sep 03, 2020 | Sep 29, 2020 | £0.100 | 0.180% |
5 | Jul 22, 2019 | Sep 19, 2019 | Sep 27, 2019 | £0.200 | 0.429% |
FAQ
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