Marley Spoon AG Stock Forecast

Stronger technical forecast for Marley Spoon AG stock price after Friday trading.
(Updated on May 10, 2024)

MMM.AX 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 Marley Spoon AG 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 $0.0366 and $0.0556. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -60.67%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Marley Spoon AG stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0320 and $0.0310. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Marley Spoon AG finds support just below today's level at $0.0320. If this is broken, then the next support from accumulated volume will be at $0.0310 and $0.0300.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0030 between high and low, or 8.82%. For the last week the stock has had daily average volatility of 14.64%.

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

Trading Expectations (MMM.AX) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Marley Spoon AG to open at $0.0353, and during the day (based on 14 day Average True Range), to move between $0.0295 and $0.0405, which gives a possible trading interval of +/-$0.0055 (+/-15.65%) up or down from last closing price. If Marley Spoon AG takes out the full calculated possible swing range there will be an estimated 31.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0380 (8.57%) than the support at $0.0320 (8.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Marley Spoon AG stock A Buy?

The Marley Spoon AG stock holds several negative signals and despite the positive trend, we believe Marley Spoon AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.179 Sell Candidate Upgraded

Predicted Opening Price for Marley Spoon AG of Monday, May 13, 2024

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