RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MMI
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Weaker technical forecast for Marcus & Millichap Inc as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Marcus & Millichap Inc stock price gained 2.97% on the last trading day (Wednesday, 27th Mar 2024), rising from $32.70 to $33.67. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.03% from a day low at $33.03 to a day high of $33.70. The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 105 thousand shares were bought and sold for approximately $3.54 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 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 -18.31% during the next 3 months and, with a 90% probability hold a price between $25.23 and $29.60 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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MMI Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.28%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Marcus & Millichap Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $35.43. On a fall, the stock will find some support from the short-term average at $32.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Marcus & Millichap Inc stock

Marcus & Millichap Inc finds support from accumulated volume at $33.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.670 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.10%.

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

Trading Expectations (MMI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Marcus & Millichap Inc to open at $33.47, and during the day (based on 14 day Average True Range), to move between $32.69 and $34.65, which gives a possible trading interval of +/-$0.98 (+/-2.92%) up or down from last closing price. If Marcus & Millichap Inc takes out the full calculated possible swing range there will be an estimated 5.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $33.47 (0.59%) than the resistance at $34.06 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Marcus & Millichap Inc stock A Buy?

Marcus & Millichap Inc 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: -1.407 Sell Candidate Downgraded

Predicted Opening Price for Marcus & Millichap Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$33.47 ( 0.604%) $33.67

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

Trading levels for MMI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.14 1.39 %
R2 33.88 0.626 %
R1 33.72 0.156 %
Current price: 33.67
Support S1 33.21 -1.36 %
S2 33.05 -1.83 %
S3 32.80 -2.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 39.96 18.68 %
R2 39.44 17.14 %
R1 34.06 1.16 %
Current price 33.67
Support S1 33.47 -0.594%
S2 33.28 -1.16%
S3 33.00 -1.99%

MMI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 09, 2024 Mar 11, 2024 Apr 05, 2024 $0.250 0.743%
2 Nov 03, 2023 Dec 07, 2023 Dec 22, 2023 $0.250 0.593%
3 Aug 02, 2023 Sep 14, 2023 Oct 06, 2023 $0.250 0.87%
4 Feb 10, 2023 Mar 13, 2023 Apr 06, 2023 $0.250 0.785%
5 Aug 03, 2022 Sep 14, 2022 Oct 06, 2022 $0.250 0.731%

FAQ

What is the symbol for Marcus & Millichap Inc Stock and on which exchange is it traded?
The symbol for Marcus & Millichap Inc is MMI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Marcus & Millichap Inc Stock?
Marcus & Millichap Inc 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.

How to buy Marcus & Millichap Inc Stock?
Marcus & Millichap 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 Marcus & Millichap Inc Stock.

What's the current price of Marcus & Millichap Inc Stock?
As of the end of day on the 2024-03-27, the price of an Marcus & Millichap Inc (MMI) share was $33.67.

What is the 52-week high and low for Marcus & Millichap Inc Stock?
The 52-week high for Marcus & Millichap Inc Stock is $44.24 and the 52-week low is $26.81.

What is the market capitalization of Marcus & Millichap Inc Stock?
As of the 2024-03-27, the market capitalization of Marcus & Millichap Inc is 1.256B.

When is the next earnings date for Marcus & Millichap Inc?
The upcoming earnings date for Marcus & Millichap Inc is May 03, 2024.
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About Marcus & Millichap Inc

Marcus & Millichap Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufact... MMI Profile

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