Maximus Inc Stock Forecast
Red day on Thursday for Maximus Inc
(Updated on Apr 25, 2024)
The Maximus Inc stock price fell by -0.235% on the last day (Thursday, 25th Apr 2024) from $80.82 to $80.63. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.79% from a day low at $79.99 to a day high of $81.42. The price has fallen in 6 of the last 10 days but is still up by 0.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -33 thousand shares and in total, 179 thousand shares were bought and sold for approximately $14.40 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Maximus Inc stock with a 90% probability to be traded between $75.35 and $83.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MMS Signals & Forecast
There are mixed signals in the stock today. The Maximus 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 $80.68 and $82.03. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.07%. 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 Maximus Inc stock
Maximus Inc finds support from accumulated volume at $78.82 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 $1.43 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MMS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Maximus Inc to open at $80.68, and during the day (based on 14 day Average True Range), to move between $79.33 and $81.93, which gives a possible trading interval of +/-$1.30 (+/-1.61%) up or down from last closing price. If Maximus Inc takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $82.30 (2.07%) than the support at $78.82 (2.24%), 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 Maximus Inc stock A Buy?
Maximus 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.
Current score: -2.373 Sell Candidate Unchanged
Predicted Opening Price for Maximus Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $80.68 ( 0.0620%) | $80.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.11 | 1.84 % | |
| R2 | 81.56 | 1.16 % | ||
| R1 | 81.23 | 0.740 % | ||
| Current price: | 80.63 | |||
| Support | S1 | 80.13 | -0.615 % | |
| S2 | 79.80 | -1.03 % | ||
| S3 | 79.25 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.96 | 4.13 % | |
| R2 | 82.57 | 2.41 % | ||
| R1 | 82.30 | 2.07 % | ||
| Current price | 80.63 | |||
| Support | S1 | 78.82 | -2.24% | |
| S2 | 78.41 | -2.75% | ||
| S3 | 77.96 | -3.31% |
MMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | May 14, 2024 | May 31, 2024 | $0.300 | 0.372% |
| 2 | Jan 11, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.300 | 0.359% |
| 3 | Oct 10, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.300 | 0.359% |
| 4 | Jul 11, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.280 | 0.346% |
| 5 | Apr 11, 2023 | May 12, 2023 | May 31, 2023 | $0.280 | 0.346% |
FAQ
Click here for our free guide on how to buy Maximus Inc Stock.
