Marsden Maritime Holdings Limited Stock Forecast
Marsden Maritime Holdings Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)
No changes to the price of Marsden Maritime Holdings Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3.44 to a day high of $3.44. The price has been going up and down for this period, and there has been a -3.37% loss for the last 2 weeks.
The stock lies in the middle of a 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 -18.25% during the next 3 months and, with a 90% probability hold a price between $2.70 and $3.02 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.
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MMH.NZ Signals & Forecast
There are mixed signals in the stock today. The Marsden Maritime Holdings Limited 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 $3.48 and $3.70. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Marsden Maritime Holdings Limited stock
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MMH.NZ) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Marsden Maritime Holdings Limited to open at $3.44, and during the day (based on 14 day Average True Range), to move between $3.41 and $3.47, which gives a possible trading interval of +/-$0.0273 (+/-0.79%) up or down from last closing price. If Marsden Maritime Holdings Limited takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.58, some $0.140 (4.07%) from the current price of $3.44, our system finds the risk reward not very attractive.
Is Marsden Maritime Holdings Limited stock A Buy?
Marsden Maritime Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.919 Sell Candidate Downgraded
Predicted Opening Price for Marsden Maritime Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $3.44 ( 0%) | $3.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMH.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.44 | - |
| R2 | 3.44 | - |
| R1 | 3.44 | - |
| Price | 3.44 | |
| S1 | 3.44 | - |
| S2 | 3.44 | - |
| S3 | 3.44 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.72 | 8.14% |
| R2 | 3.65 | 6.10% |
| R1 | 3.58 | 4.07% |
| Price | 3.44 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MMH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 28, 2024 | $0.0706 | 1.68% |
| 2 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | $0.0750 | 1.56% |
| 3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | $0.0600 | 1.11% |
| 4 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | $0.100 | 1.59% |
| 5 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | $0.0600 | 1.01% |
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