MillerKnoll, Inc. Stock Forecast
Big movements in MillerKnoll, Inc. stock price on Thursday moving 11.06% between high and low
(Updated on Mar 28, 2024)
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
# | 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
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