MIKASA INC Stock Forecast
Red day on Monday for MIKASA INC
(Updated on Apr 29, 2024)
The MIKASA INC stock price fell by -0.688% on the last day (Monday, 29th Apr 2024) from £261.50 to £259.70. During the last trading day the stock fluctuated 4.81% from a day low at £253.70 to a day high of £265.90. The price has risen in 6 of the last 10 days and is up by 2.16% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately £1.96 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.50% during the next 3 months and, with a 90% probability hold a price between £267.99 and £299.57 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MKS.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The MIKASA 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 £257.86 and £254.26. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for MIKASA INC stock
On the downside, the stock finds support just below today's level from accumulated volume at £245.90 and £240.80. 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, MIKASA INC finds support just below today's level at £245.90. If this is broken, then the next support from accumulated volume will be at £240.80 and £240.70.
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 £12.20 (4.81%) between high and low. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: £251.90 (-3.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (MKS.L) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect MIKASA INC to open at £259.77, and during the day (based on 14 day Average True Range), to move between £252.83 and £266.57, which gives a possible trading interval of +/-£6.87 (+/-2.64%) up or down from last closing price. If MIKASA INC takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £260.70 (0.39%) than the support at £245.90 (5.31%), 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 MIKASA 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 MIKASA INC stock to perform well in the short-term.
Current score: 3.166 Buy Candidate Unchanged
Predicted Opening Price for MIKASA INC of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| £259.77 ( 0.0257%) | £259.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MKS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 271.97 | 4.72 % | |
| R2 | 267.31 | 2.93 % | ||
| R1 | 264.43 | 1.82 % | ||
| Current price: | 259.70 | |||
| Support | S1 | 255.11 | -1.77 % | |
| S2 | 252.23 | -2.88 % | ||
| S3 | 247.57 | -4.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 266.70 | 2.70 % | |
| R2 | 265.90 | 2.39 % | ||
| R1 | 260.70 | 0.385 % | ||
| Current price | 259.70 | |||
| Support | S1 | 245.90 | -5.31% | |
| S2 | 240.80 | -7.28% | ||
| S3 | 240.70 | -7.32% |
MKS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £1.00 | 0.392% |
| 2 | Nov 06, 2019 | Nov 14, 2019 | Jan 10, 2020 | £3.90 | 2.04% |
| 3 | May 22, 2019 | May 30, 2019 | Jul 12, 2019 | £7.10 | 3.41% |
| 4 | Nov 07, 2018 | Nov 15, 2018 | Jan 11, 2019 | £6.46 | 2.44% |
| 5 | May 23, 2018 | May 31, 2018 | Jul 13, 2018 | £11.30 | 3.76% |
FAQ
Click here for our free guide on how to buy MIKASA INC Stock.
