RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MLKN
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Big movements in MillerKnoll, Inc. stock price on Thursday moving 11.06% between high and low
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The MillerKnoll, Inc. stock price fell by -18.90% on the last day (Thursday, 28th Mar 2024) from $30.53 to $24.76. During the last trading day the stock fluctuated 11.06% from a day low at $23.46 to a day high of $26.05. The price has risen in 6 of the last 10 days but is still down by -17.36% for this period. 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, 3 million shares were bought and sold for approximately $81.53 million.

Given the current short-term trend, the stock is expected to rise 18.42% during the next 3 months and, with a 90% probability hold a price between $29.32 and $38.12 at the end of this 3-month period.

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MLKN Signals & Forecast

There are few to no technical positive signals at the moment. The MillerKnoll, Inc. 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 $29.30 and $29.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -18.95%. 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 MillerKnoll, Inc. stock

MillerKnoll, Inc. finds support from accumulated volume at $24.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.60 between high and low, or 11.06%. For the last week the stock has had daily average volatility of 3.95%.

MillerKnoll, Inc. is oversold on RSI14 (24). 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 (MLKN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MillerKnoll, Inc. to open at $24.76, and during the day (based on 14 day Average True Range), to move between $23.46 and $26.06, which gives a possible trading interval of +/-$1.30 (+/-5.24%) up or down from last closing price. If MillerKnoll, Inc. takes out the full calculated possible swing range there will be an estimated 10.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $24.75 (0.04%) than the resistance at $29.40 (18.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MillerKnoll, Inc. stock A Buy?

The MillerKnoll, Inc. stock holds several negative signals and despite the positive trend, we believe MillerKnoll, Inc. 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 Buy to a Sell candidate.

Current score: -2.770 Sell Candidate Downgraded

Predicted Opening Price for MillerKnoll, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$24.76 ( 0.0202%) $24.76

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MLKN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 27.35 10.46 %
R2 26.36 6.46 %
R1 25.75 3.98 %
Current price: 24.76
Support S1 23.76 -4.02 %
S2 23.15 -6.50 %
S3 22.16 -10.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.44 22.94 %
R2 29.88 20.68 %
R1 29.40 18.74 %
Current price 24.76
Support S1 24.75 -0.0404%
S2 0 .
S3 0 .

MLKN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 16, 2024 Feb 29, 2024 Apr 15, 2024 $0.188 0.757%
2 Nov 01, 2023 Nov 30, 2023 Jan 15, 2024 $0.190 0.746%
3 Jul 18, 2023 Aug 31, 2023 Oct 16, 2023 $0.188 0.744%
4 Apr 18, 2023 Jun 01, 2023 Jul 15, 2023 $0.188 1.10%
5 Jan 20, 2023 Mar 02, 2023 Apr 15, 2023 $0.188 1.05%

FAQ

What is the symbol for MillerKnoll, Inc. Stock and on which exchange is it traded?
The symbol for MillerKnoll, Inc. is MLKN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell MillerKnoll, Inc. Stock?
The MillerKnoll, Inc. stock holds several negative signals and despite the positive trend, we believe MillerKnoll, Inc. 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 Buy to a Sell candidate.

How to buy MillerKnoll, Inc. Stock?
MillerKnoll, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MillerKnoll, Inc. Stock.

What's the current price of MillerKnoll, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an MillerKnoll, Inc. (MLKN) share was $24.76.

What is the 52-week high and low for MillerKnoll, Inc. Stock?
The 52-week high for MillerKnoll, Inc. Stock is $31.33 and the 52-week low is $13.20.

What is the market capitalization of MillerKnoll, Inc. Stock?
As of the 2024-03-28, the market capitalization of MillerKnoll, Inc. is 1.803B.

When is the next earnings date for MillerKnoll, Inc.?
The upcoming earnings date for MillerKnoll, Inc. is Jul 10, 2024.
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About MillerKnoll, Inc.

MillerKnoll. MillerKnoll, Inc. manufactures and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Retail segments. The company offers seating products under the Embody, Aeron, Mirra2, Setu, Sayl, Verus, Cosm, Lino, Verus, Celle, Equa, Taper, and Ergon names; and modular systems under the Canvas Office Landscape, Locale, Public Office Landscape, Layout Studio, Action Office, Ethospace, Arras, Pr... MLKN Profile

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