Mesa Laboratories Stock Forecast
Mesa Laboratories stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Mesa Laboratories stock price fell by -2.56% on the last day (Thursday, 25th Apr 2024) from $104.47 to $101.80. During the last trading day the stock fluctuated 2.78% from a day low at $100.66 to a day high of $103.46. The price has fallen in 6 of the last 10 days and is down by -2.79% for this period. Volume has increased on the last day by 4 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, 23 thousand shares were bought and sold for approximately $2.34 million.
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 7.18% during the next 3 months and, with a 90% probability hold a price between $104.24 and $126.96 at the end of this 3-month period.
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MLAB Signals & Forecast
There are few to no technical positive signals at the moment. The Mesa Laboratories 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 $102.38 and $104.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -10.78%. 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.
Support, Risk & Stop-loss for Mesa Laboratories stock
Mesa Laboratories finds support from accumulated volume at $99.40 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 $2.80 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 4.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MLAB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Mesa Laboratories to open at $101.97, and during the day (based on 14 day Average True Range), to move between $97.28 and $106.32, which gives a possible trading interval of +/-$4.52 (+/-4.44%) up or down from last closing price. If Mesa Laboratories takes out the full calculated possible swing range there will be an estimated 8.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $99.40 (2.36%) than the resistance at $104.27 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mesa Laboratories stock A Buy?
The Mesa Laboratories stock holds several negative signals and despite the positive trend, we believe Mesa Laboratories will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.633 Sell Candidate Downgraded
Predicted Opening Price for Mesa Laboratories of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$101.97 ( 0.170%) | $101.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLAB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 104.77 | 2.92 % | |
R2 | 103.70 | 1.87 % | ||
R1 | 103.04 | 1.22 % | ||
Current price: | 101.80 | |||
Support | S1 | 100.90 | -0.88 % | |
S2 | 100.24 | -1.53 % | ||
S3 | 99.17 | -2.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 105.05 | 3.19 % | |
R2 | 104.74 | 2.89 % | ||
R1 | 104.27 | 2.43 % | ||
Current price | 101.80 | |||
Support | S1 | 99.40 | -2.36% | |
S2 | 99.30 | -2.46% | ||
S3 | 97.14 | -4.58% |
MLAB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 04, 2024 | May 31, 2024 | Jun 14, 2024 | $0.160 | 0.157% |
2 | Apr 02, 2024 | May 30, 2024 | Jun 14, 2024 | $0.160 | 0.157% |
3 | Jan 02, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.160 | 0.158% |
4 | Oct 03, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.160 | 0.145% |
5 | Jul 05, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.160 | 0.130% |
FAQ
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