Topgolf Callaway Brands Corp. Stock Forecast
Green day on Wednesday for Topgolf Callaway Brands Corp.
(Updated on Apr 24, 2024)
The Topgolf Callaway Brands Corp. stock price gained 0.0618% on the last trading day (Wednesday, 24th Apr 2024), rising from $16.17 to $16.18. It has now gained 4 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 1.43% from a day low at $16.03 to a day high of $16.26. The price has risen in 6 of the last 10 days but is still down by -0.31% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $20.11 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.31% during the next 3 months and, with a 90% probability hold a price between $17.89 and $20.65 at the end of this 3-month period.
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MODG Signals & Forecast
The Topgolf Callaway Brands Corp. 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 $15.78 and $15.41. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, April 09, 2024, and so far it has fallen -1.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Topgolf Callaway Brands Corp. stock
Topgolf Callaway Brands Corp. finds support from accumulated volume at $15.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.230 (1.43%) between high and low. For the last week, the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: $15.47 (-4.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (MODG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Topgolf Callaway Brands Corp. to open at $16.16, and during the day (based on 14 day Average True Range), to move between $15.71 and $16.65, which gives a possible trading interval of +/-$0.474 (+/-2.93%) up or down from last closing price. If Topgolf Callaway Brands Corp. takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.25 (0.43%) than the support at $15.66 (3.21%), 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 Topgolf Callaway Brands Corp. 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 Topgolf Callaway Brands Corp. stock to perform well in the short-term.
Current score: 1.442 Buy Candidate Unchanged
Predicted Opening Price for Topgolf Callaway Brands Corp. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $16.16 ( 0.144%) | $16.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MODG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.39 | 1.28 % | |
| R2 | 16.30 | 0.734 % | ||
| R1 | 16.24 | 0.399 % | ||
| Current price: | 16.18 | |||
| Support | S1 | 16.07 | -0.687 % | |
| S2 | 16.01 | -1.02 % | ||
| S3 | 15.93 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.47 | 1.79 % | |
| R2 | 16.45 | 1.67 % | ||
| R1 | 16.25 | 0.433 % | ||
| Current price | 16.18 | |||
| Support | S1 | 15.66 | -3.21% | |
| S2 | 15.10 | -6.67% | ||
| S3 | 13.53 | -16.38% |
MODG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2020 | May 26, 2020 | Jun 17, 2020 | $0.0100 | 0.0589% |
| 2 | Jan 31, 2020 | Feb 12, 2020 | Mar 05, 2020 | $0.0100 | 0.0639% |
| 3 | Nov 22, 2019 | Dec 03, 2019 | Dec 19, 2019 | $0.0100 | 0.0479% |
| 4 | Jul 31, 2019 | Aug 12, 2019 | Sep 04, 2019 | $0.0100 | 0.0569% |
| 5 | May 08, 2019 | May 20, 2019 | Jun 11, 2019 | $0.0100 | 0.0636% |
FAQ
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