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Meta Materials Inc. Stock Forecast NASDAQ:MMAT

$2.03 (-0.98%)

Volume: 5M

Closed: Jan 19, 2022

Hollow Logo Score: -5.844

Meta Materials Inc. Stock Forecast

$2.03 (-0.98%)

Volume: 5M

Closed: Jan 19, 2022

Score Hollow Logo -5.844
Which way will MMAT go? Request
Key Stats
Beta 1.95
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 36 and the stock is currently not being overbought or oversold

Meta Materials Inc. stock price down 0.98% on Wednesday
(Updated on Jan 19, 2022)


Sell candidate since 2021-11-10 Loss -57.53% PDF

The Meta Materials Inc. stock price fell by -0.98% on the last day (Wednesday, 19th Jan 2022) from $2.05 to $2.03. and has now fallen 3 days in a row. During the day the stock fluctuated 5.71% from a day low at $2.02 to a day high of $2.13. The price has fallen in 8 of the last 10 days and is down by -26.71% for this period. Volume has increased on the last day by 87 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, 5 million shares were bought and sold for approximately $10.13 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -54.57% during the next 3 months and, with a 90% probability hold a price between $0.62 and $1.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

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 Meta Materials 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 $2.17 and $2.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, January 03, 2022, and so far it has fallen -28.27%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.12 between high and low, or 5.71%. For the last week, the stock has had a daily average volatility of 6.87%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Meta Materials Inc. stock A Buy?

Meta Materials Inc. holds several negative signals and is within a very 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: -5.844

Strong Sell Candidate Unchanged

Insiders are positive buying more shares than they are selling in Meta Materials Inc.

In the last 55 trades there were 14.1 million shares bought and 6.45 million shares sold. The last trade was done 52 days ago by Welch Thomas Gordon who sold 200 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Predicted Opening Price for Meta Materials Inc. of Thursday, January 20, 2022

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

Fair opening price January 20, 2022 Current price
$2.06 $2.03 (Undervalued)

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Volatility and Risk
Daily Average Volatility: 6.87 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.87 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.28
Price: $2.03
No Support Found

MMAT Insider Trading Show all Trades

INSIDER POWER

14.543

Last 55 transactions
Buy: 14 099 142 | Sell: 6 449 872 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Sell 200 000 Welch Thomas Gordon Exchangeable Shares
Nov 30, 2021 Sell 500 000 Welch Thomas Gordon Exchangeable Shares
Nov 30, 2021 Sell 600 000 Welch Thomas Gordon Exchangeable Shares
Nov 30, 2021 Sell 200 000 Welch Thomas Gordon Exchangeable Shares
Nov 30, 2021 Sell 7 000 Welch Thomas Gordon Common Stock
Show all Insider Trades
INSIDER POWER

14.543

Last 55 transactions
Buy: 14 099 142 | Sell: 6 449 872 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.17 7.06 %
2.13 4.90 %
2.10 3.56 %
Current price: 2.03
Support 2.01 -0.77 %
1.99 -2.11 %
1.94 -4.27 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 2.47 21.67 %
2.46 21.18 %
2.28 12.32 %
Current price 2.03
Support 0 .
0 .
0 .

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