Marsh & McLennan Companies Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Monday for Marsh & McLennan Companies Inc stock after gaining 0.268%
(Updated on Apr 29, 2024)
The Marsh & McLennan Companies Inc stock price gained 0.268% on the last trading day (Monday, 29th Apr 2024), rising from $197.95 to $198.48. During the last trading day the stock fluctuated 0.91% from a day low at $197.14 to a day high of $198.94. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume fell on the last day by -627 thousand shares and in total, 1 million shares were bought and sold for approximately $220.73 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $197.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.37% during the next 3 months and, with a 90% probability hold a price between $201.68 and $215.42 at the end of this 3-month period.
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MMC Signals & Forecast
The Marsh & McLennan Companies 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 $200.63 and $202.98. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.12%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Marsh & McLennan Companies Inc stock
Marsh & McLennan Companies Inc finds support from accumulated volume at $197.62 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 $1.80 between high and low, or 0.91%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: $187.50 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (MMC) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Marsh & McLennan Companies Inc to open at $198.19, and during the day (based on 14 day Average True Range), to move between $195.56 and $201.40, which gives a possible trading interval of +/-$2.92 (+/-1.47%) up or down from last closing price. If Marsh & McLennan Companies Inc takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $197.62 (0.43%) than the resistance at $201.73 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marsh & McLennan Companies Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.435 Buy Candidate Unchanged
Predicted Opening Price for Marsh & McLennan Companies Inc of Tuesday, April 30, 2024
Fair opening price April 30, 2024 | Current price |
---|---|
$198.19 ( 0.148%) | $198.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 199.99 | 0.759 % | |
R2 | 199.30 | 0.413 % | ||
R1 | 198.87 | 0.199 % | ||
Current price: | 198.48 | |||
Support | S1 | 197.50 | -0.494 % | |
S2 | 197.07 | -0.708 % | ||
S3 | 196.39 | -1.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 203.50 | 2.53 % | |
R2 | 203.08 | 2.32 % | ||
R1 | 201.73 | 1.64 % | ||
Current price | 198.48 | |||
Support | S1 | 197.62 | -0.433% | |
S2 | 193.84 | -2.34% | ||
S3 | 193.03 | -2.75% |
MMC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 03, 2024 | Apr 03, 2024 | May 15, 2024 | $0.710 | 0.358% |
2 | Jan 10, 2024 | Jan 25, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
3 | Jan 10, 2024 | Jan 24, 2024 | Feb 15, 2024 | $0.710 | 0.353% |
4 | Sep 20, 2023 | Oct 06, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
5 | Sep 20, 2023 | Oct 05, 2023 | Nov 15, 2023 | $0.710 | 0.363% |
FAQ
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