MarketAxess Holdings Stock Forecast
Red day on Friday for MarketAxess Holdings stock after losing 2.53%
(Updated on May 03, 2024)
The MarketAxess Holdings stock price fell by -2.53% on the last day (Friday, 3rd May 2024) from $209.12 to $203.82. During the last trading day the stock fluctuated 4.40% from a day low at $202.54 to a day high of $211.46. The price has risen in 6 of the last 10 days but is still down by -0.09% for this period. Volume has increased on the last day by 195 thousand 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, 472 thousand shares were bought and sold for approximately $96.17 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $199.36 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.40% during the next 3 months and, with a 90% probability hold a price between $186.59 and $207.87 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.
MKTX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.86%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The MarketAxess Holdings stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $203.82 and $212.76. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for MarketAxess Holdings stock
MarketAxess Holdings finds support from accumulated volume at $202.77 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 $8.92 between high and low, or 4.40%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MKTX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect MarketAxess Holdings to open at $205.94, and during the day (based on 14 day Average True Range), to move between $198.19 and $209.45, which gives a possible trading interval of +/-$5.63 (+/-2.76%) up or down from last closing price. If MarketAxess Holdings takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $202.77 (0.52%) than the resistance at $211.29 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
MarketAxess Holdings will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.87. We will update the financials statements for MarketAxess Holdings, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.92% in the first trading day after earnings release.
Is MarketAxess Holdings stock A Buy?
MarketAxess Holdings holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.923 Sell Candidate Unchanged
Predicted Opening Price for MarketAxess Holdings of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $205.94 ( 1.04%) | $203.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MKTX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 214.86 | 5.42 % | |
| R2 | 211.45 | 3.74 % | ||
| R1 | 209.35 | 2.71 % | ||
| Current price: | 203.82 | |||
| Support | S1 | 202.53 | -0.632 % | |
| S2 | 200.43 | -1.66 % | ||
| S3 | 197.02 | -3.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 221.29 | 8.57 % | |
| R2 | 218.45 | 7.18 % | ||
| R1 | 211.29 | 3.66 % | ||
| Current price | 203.82 | |||
| Support | S1 | 202.77 | -0.515% | |
| S2 | 201.93 | -0.93% | ||
| S3 | 200.09 | -1.83% |
MKTX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Feb 13, 2024 | Feb 28, 2024 | $0.740 | 0.348% |
| 2 | Oct 11, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.720 | 0.307% |
| 3 | Jul 12, 2023 | Aug 01, 2023 | Aug 16, 2023 | $0.720 | 0.293% |
| 4 | Apr 12, 2023 | May 09, 2023 | Aug 16, 2023 | $0.720 | 0.293% |
| 5 | Jan 19, 2023 | Feb 07, 2023 | Feb 22, 2023 | $0.720 | 0.205% |
FAQ
Click here for our free guide on how to buy MarketAxess Holdings Stock.
