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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 MOMO
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Red day on Tuesday for Momo Inc. stock after losing 1.06%
(Updated on Jun 11, 2024)

Hold candidate since Jun 10, 2024 Loss -1.06% PDF

The Momo Inc. stock price fell by -1.06% on the last day (Tuesday, 11th Jun 2024) from $5.64 to $5.58. During the last trading day the stock fluctuated 3.42% from a day low at $5.55 to a day high of $5.74. The price has been going up and down for this period, and there has been a 15.29% gain for the last 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 -9 thousand shares and in total, 1 million shares were bought and sold for approximately $6.92 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.64% during the next 3 months and, with a 90% probability hold a price between $4.27 and $6.27 at the end of this 3-month period.

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MOMO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 15.29%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Momo Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.78. On a fall, the stock will find some support from the short-term average at $5.48. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Momo Inc. stock

Momo Inc. finds support from accumulated volume at $5.46 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 3.66%.

Our recommended stop-loss: $5.31 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (MOMO) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Momo Inc. to open at $5.62, and during the day (based on 14 day Average True Range), to move between $5.32 and $5.84, which gives a possible trading interval of +/-$0.256 (+/-4.59%) up or down from last closing price. If Momo Inc. takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.46 (2.15%) than the resistance at $5.93 (6.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Momo Inc. stock A Buy?

Momo Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.011 Hold/Accumulate Unchanged

Predicted Opening Price for Momo Inc. of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$5.62 ( 0.777%) $5.58

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

Trading levels for MOMO

Fibonacci Support & Resistance Levels

Level Price
R3 5.81 4.18%
R2 5.74 2.88%
R1 5.70 2.08%
Price 5.58
S1 5.55 -0.524%
S2 5.51 -1.33%
S3 5.43 -2.63%

Accumulated Volume Support & Resistance Levels

Level Price
R3 5.97 6.99%
R2 5.96 6.81%
R1 5.93 6.27%
Price 5.58
S1 5.46 -2.15%
S2 5.34 -4.39%
S3 4.84 -13.26%

MOMO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 11, 2024 Apr 11, 2024 Apr 30, 2024 $0.520 8.92%
2 Mar 16, 2023 Apr 27, 2023 May 22, 2023 $0.720 8.32%
3 Mar 30, 2022 Apr 12, 2022 Apr 29, 2022 $0.640 12.03%
4 Mar 26, 2021 Apr 12, 2021 Apr 30, 2021 $0.640 4.37%
5 Mar 19, 2020 Apr 07, 2020 Apr 30, 2020 $0.760 3.16%

FAQ

What is the symbol for Momo Inc. Stock and on which exchange is it traded?
The symbol for Momo Inc. is MOMO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Momo Inc. Stock?
Momo Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Momo Inc. Stock?
As of the end of day on the Jun 11, 2024, the price of an Momo Inc. (MOMO) share was $5.58.

What is the 52-week high and low for Momo Inc. Stock?
The 52-week high for Momo Inc. Stock is $11.11 and the 52-week low is $4.79.

What is the market capitalization of Momo Inc. Stock?
As of the Jun 11, 2024, the market capitalization of Momo Inc. is 999.794M.

When is the next earnings date for Momo Inc.?
The upcoming earnings date for Momo Inc. is Aug 29, 2024.
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About Momo Inc.

Momo. Hello Group Inc. provides mobile-based social and entertainment services in the People's Republic of China. It operates Momo platform that includes its Momo mobile application, as well as various related properties, features, functionalities, tools, and services. The company's Momo mobile application connects people and facilitates interactions based on location and interests; and various recreational activities, including live talent shows, shor... MOMO Profile

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