14-day Premium Trial Subscription Try For FreeTry Free
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 MOD
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Modine Manufacturing Company stock upgraded to Buy Candidate.
(Updated on Feb 29, 2024)

Buy or Hold candidate since Nov 10, 2023 Gain 98.65% PDF
The Modine Manufacturing Company stock price fell by -0.609% on the last day (Thursday, 29th Feb 2024) from $90.26 to $89.71. During the last trading day the stock fluctuated 3.06% from a day low at $89.55 to a day high of $92.29. The price has risen in 6 of the last 10 days and is up by 14.82% 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 -345 thousand shares and in total, 998 thousand shares were bought and sold for approximately $89.55 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $90.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 58.05% during the next 3 months and, with a 90% probability hold a price between $119.18 and $143.52 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

MOD Signals & Forecast

The Modine Manufacturing Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $85.09 and $72.38. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -0.609%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Modine Manufacturing Company stock

On the downside, the stock finds support just below today's level from accumulated volume at $80.80 and $71.26. 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, Modine Manufacturing Company finds support just below today's level at $80.80. If this is broken, then the next support from accumulated volume will be at $71.26 and $69.09.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.74 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 4.34%.

The Modine Manufacturing Company stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $86.51 (-3.57%) (This stock has high daily movements and this gives high risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (MOD) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Modine Manufacturing Company to open at $90.52, and during the day (based on 14 day Average True Range), to move between $86.05 and $93.37, which gives a possible trading interval of +/-$3.66 (+/-4.08%) up or down from last closing price. If Modine Manufacturing Company takes out the full calculated possible swing range there will be an estimated 8.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $90.26 (0.61%) than the support at $80.80 (9.93%), 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 Modine Manufacturing Company stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Modine Manufacturing Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.964 Buy Candidate Upgraded

Predicted Opening Price for Modine Manufacturing Company of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$90.52 ( 0.90%) $89.71

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 93.26 3.95 %
R2 92.21 2.79 %
R1 91.56 2.07 %
Current price: 89.71
Support S1 89.47 -0.268 %
S2 88.82 -0.99 %
S3 87.78 -2.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 90.26 0.613 %
Current price 89.71
Support S1 80.80 -9.93%
S2 71.26 -20.57%
S3 69.09 -22.99%

FAQ

What is the symbol for Modine Manufacturing Company Stock and on which exchange is it traded?
The symbol for Modine Manufacturing Company is MOD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Modine Manufacturing Company Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Modine Manufacturing Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Modine Manufacturing Company Stock?
Modine Manufacturing Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Modine Manufacturing Company Stock.

What's the current price of Modine Manufacturing Company Stock?
As of the end of day on the 2024-02-29, the price of an Modine Manufacturing Company (MOD) share was $89.71.

What is the 52-week high and low for Modine Manufacturing Company Stock?
The 52-week high for Modine Manufacturing Company Stock is $92.79 and the 52-week low is $19.41.

What is the market capitalization of Modine Manufacturing Company Stock?
As of the 2024-02-29, the market capitalization of Modine Manufacturing Company is 4.684B.

When is the next earnings date for Modine Manufacturing Company?
The upcoming earnings date for Modine Manufacturing Company is May 22, 2024.

Click to get the best stock tips daily for free!

About Modine Manufacturing Company

Modine Manufacturing Company Modine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-t... MOD Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT