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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Tuesday for Momo Inc.
(Updated on Feb 27, 2024)


Buy candidate since Feb 16, 2024 Gain 9.79% PDF
The Momo Inc. stock price gained 2.00% on the last trading day (Tuesday, 27th Feb 2024), rising from $6.76 to $6.90. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.90% from a day low at $6.72 to a day high of $6.91. The price has risen in 8 of the last 10 days and is up by 8.93% over the past 2 weeks. Volume fell on the last day by -143 thousand shares and in total, 2 million shares were bought and sold for approximately $15.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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

Given the current short-term trend, the stock is expected to fall -9.79% during the next 3 months and, with a 90% probability hold a price between $5.01 and $6.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

MOMO Signals & Forecast

Mostly positive signals in the chart today. The Momo Inc. 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 $6.55 and $6.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 02, 2024, and so far it has risen 19.91%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Maximize Your Market Edge: Go Premium for In-Depth AI-Powered Stock Research and Exclusive Lists! 🚀

Support, Risk & Stop-loss for Momo Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $6.17 and $6.11. 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, Momo Inc. finds support just below today's level at $6.17. If this is broken, then the next support from accumulated volume will be at $6.11 and $6.08.

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 $0.195 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.50%.

The Momo Inc. 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. Since the Momo Inc. has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $6.66 (-3.37%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (MOMO) For The Upcoming Trading Day Of Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect Momo Inc. to open at $6.84, and during the day (based on 14 day Average True Range), to move between $6.68 and $7.11, which gives a possible trading interval of +/-$0.215 (+/-3.12%) up or down from last closing price. If Momo Inc. takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.00 (1.52%) than the support at $6.17 (10.51%), 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 Momo Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 4.200 Open Broker Account

Buy Candidate Unchanged

Predicted Opening Price for Momo Inc. of Wednesday, February 28, 2024

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

Fair opening price February 28, 2024 Current price
$6.84 ( 0.798%) $6.90

Remember To Visit Our YouTube Channel

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.04 2.03 %
R2 6.96 0.95 %
R1 6.91 0.283 %
Current price: 6.90
Support S1 6.77 -1.88 %
S2 6.72 -2.55 %
S3 6.65 -3.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.20 4.42 %
R2 7.16 3.84 %
R1 7.00 1.52 %
Current price 6.90
Support S1 6.17 -10.51%
S2 6.11 -11.39%
S3 6.08 -11.82%
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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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 2024-02-27, the price of an Momo Inc. (MOMO) share was $6.90.

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 $5.75.

What is the market capitalization of Momo Inc. Stock?
As of the 2024-02-27, the market capitalization of Momo Inc. is 1.284B.

When is the next earnings date for Momo Inc.?
The upcoming earnings date for Momo Inc. is Mar 14, 2024.

Click to get the best stock tips daily for free!

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

MOMO Dividend Data

8.32%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Yearly
Amount Per Share $0.720
View Details

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