Mirion Technologies, Inc. Stock Forecast
Green day on Wednesday for Mirion Technologies, Inc. stock after gaining 2.71%
(Updated on Mar 27, 2024)
The Mirion Technologies, Inc. stock price gained 2.71% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.09 to $11.39. During the last trading day the stock fluctuated 2.33% from a day low at $11.14 to a day high of $11.40. The price has risen in 8 of the last 10 days and is up by 14.7% over the past 2 weeks. Volume fell on the last day by -965 thousand shares and in total, 633 thousand shares were bought and sold for approximately $7.21 million. 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 short-term trend, the stock is expected to rise 8.21% during the next 3 months and, with a 90% probability hold a price between $10.77 and $12.32 at the end of this 3-month period.
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MIR Signals & Forecast
Mostly positive signals in the chart today. The Mirion Technologies, 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 $11.11 and $10.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 24, 2024, and so far it has risen 22.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Mirion Technologies, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.05 and $10.01. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Mirion Technologies, Inc. finds support just below today's level at $10.05. If this is broken, then the next support from accumulated volume will be at $10.01 and $9.78.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.260 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: $11.06 (-2.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (MIR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Mirion Technologies, Inc. to open at $11.31, and during the day (based on 14 day Average True Range), to move between $11.13 and $11.65, which gives a possible trading interval of +/-$0.265 (+/-2.32%) up or down from last closing price. If Mirion Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $10.05, some $1.34 (11.76%) from the current price of $11.39, our system finds the risk reward attractive.
Is Mirion Technologies, 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 Mirion Technologies, Inc. stock to perform well in the short-term.
Current score: 4.530 Buy Candidate Unchanged
Predicted Opening Price for Mirion Technologies, Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$11.31 ( 0.702%) | $11.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.57 | 1.58 % | |
R2 | 11.47 | 0.708 % | ||
R1 | 11.41 | 0.170 % | ||
Current price: | 11.39 | |||
Support | S1 | 11.21 | -1.57 % | |
S2 | 11.15 | -2.11 % | ||
S3 | 11.05 | -2.99 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 11.39 | |||
Support | S1 | 10.05 | -11.76% | |
S2 | 10.01 | -12.12% | ||
S3 | 9.78 | -14.14% |
FAQ
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