Mogo Finance Technology Inc. Stock Forecast
Red day on Friday for Mogo Finance Technology Inc.
(Updated on Apr 19, 2024)
The Mogo Finance Technology Inc. stock price fell by -1.96% on the last day (Friday, 19th Apr 2024) from $2.55 to $2.50. During the last trading day the stock fluctuated 2.42% from a day low at $2.48 to a day high of $2.54. The price has fallen in 5 of the last 10 days and is down by -7.41% for this period. 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 -6 thousand shares and in total, 36 thousand shares were bought and sold for approximately $89.60 thousand.
Given the current short-term trend, the stock is expected to rise 25.73% during the next 3 months and, with a 90% probability hold a price between $3.14 and $4.18 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.
MOGO.TO 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 Mogo Finance Technology 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 $2.60 and $2.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -15.54%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mogo Finance Technology Inc. stock
Mogo Finance Technology Inc. finds support from accumulated volume at $2.43 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0600 between high and low, or 2.42%. For the last week the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOGO.TO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Mogo Finance Technology Inc. to open at $2.51, and during the day (based on 14 day Average True Range), to move between $2.38 and $2.62, which gives a possible trading interval of +/-$0.123 (+/-4.93%) up or down from last closing price. If Mogo Finance Technology Inc. takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.43 (2.80%) than the resistance at $2.60 (4.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mogo Finance Technology Inc. stock A Buy?
The Mogo Finance Technology Inc. stock holds several negative signals and despite the positive trend, we believe Mogo Finance Technology Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.287 Sell Candidate Unchanged
Predicted Opening Price for Mogo Finance Technology Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $2.51 ( 0.267%) | $2.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOGO.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.57 | 2.67 % | |
| R2 | 2.54 | 1.75 % | ||
| R1 | 2.53 | 1.18 % | ||
| Current price: | 2.50 | |||
| Support | S1 | 2.48 | -0.650 % | |
| S2 | 2.47 | -1.22 % | ||
| S3 | 2.45 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.70 | 8.00 % | |
| R2 | 2.61 | 4.40 % | ||
| R1 | 2.60 | 4.00 % | ||
| Current price | 2.50 | |||
| Support | S1 | 2.43 | -2.80% | |
| S2 | 2.41 | -3.60% | ||
| S3 | 2.28 | -8.80% |
MOGO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2019 | Mar 21, 2019 | Apr 05, 2019 | $0.100 | 0.252% |
FAQ
Click here for our free guide on how to buy Mogo Finance Technology Inc. Stock.
