Markforged Holding Corporation 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
Markforged Holding Corporation stock price up 0.673% on Tuesday
(Updated on Jul 02, 2024)
The Markforged Holding Corporation stock price gained 0.673% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.416 to $0.419. During the last trading day the stock fluctuated 5.39% from a day low at $0.408 to a day high of $0.430. The price has risen in 5 of the last 10 days but is still down by -7.18% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 378 thousand shares were bought and sold for approximately $158.15 thousand.
The stock lies the upper part of a very 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 $0.434 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 -43.82% during the next 3 months and, with a 90% probability hold a price between $0.193 and $0.244 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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MKFG Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.15%. Further rise is indicated until a new top pivot has been found. Markforged Holding Corporation 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. The Markforged Holding Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.443. On a fall, the stock will find some support from the short-term average at $0.415. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Markforged Holding Corporation stock
Markforged Holding Corporation finds support from accumulated volume at $0.416 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0220 between high and low, or 5.39%. For the last week, the stock has had daily average volatility of 4.40%.
Markforged Holding Corporation is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MKFG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Markforged Holding Corporation to open at $0.419, and during the day (based on 14 day Average True Range), to move between $0.384 and $0.454, which gives a possible trading interval of +/-$0.0347 (+/-8.30%) up or down from last closing price. If Markforged Holding Corporation takes out the full calculated possible swing range there will be an estimated 16.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.416 (0.76%) than the resistance at $0.430 (2.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Markforged Holding Corporation stock A Buy?
Markforged Holding Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.160 Sell Candidate Unchanged
Predicted Opening Price for Markforged Holding Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.419 ( 0.0318%) | $0.419 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MKFG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.441 | 5.28% |
| R2 | 0.433 | 3.28% |
| R1 | 0.427 | 2.04% |
| Price | 0.419 | |
| S1 | 0.411 | -1.97% |
| S2 | 0.405 | -3.21% |
| S3 | 0.397 | -5.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.480 | 14.71% |
| R2 | 0.470 | 12.23% |
| R1 | 0.430 | 2.67% |
| Price | 0.419 | |
| S1 | 0.416 | -0.764% |
| S2 | 0.411 | -1.91% |
| S3 | 0.410 | -2.10% |
FAQ
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