Marqeta, Inc. Stock Forecast
Red day on Friday for Marqeta, Inc.
(Updated on May 03, 2024)
The Marqeta, Inc. stock price fell by -0.90% on the last day (Friday, 3rd May 2024) from $5.56 to $5.51. During the last trading day the stock fluctuated 8.61% from a day low at $5.29 to a day high of $5.74. The price has been going up and down for this period, and there has been a 3.77% gain for the last 2 weeks. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately $41.70 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 -11.89% during the next 3 months and, with a 90% probability hold a price between $4.48 and $5.87 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.
MQ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.16%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Marqeta, 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 $5.73. On a fall, the stock will find some support from the short-term average at $5.49. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Marqeta, Inc. stock
Marqeta, Inc. finds support from accumulated volume at $5.47 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 $0.455 between high and low, or 8.61%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MQ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Marqeta, Inc. to open at $5.51, and during the day (based on 14 day Average True Range), to move between $5.24 and $5.78, which gives a possible trading interval of +/-$0.265 (+/-4.81%) up or down from last closing price. If Marqeta, Inc. takes out the full calculated possible swing range there will be an estimated 9.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.47 (0.73%) than the resistance at $5.80 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Marqeta, Inc. will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0800. We will update the financials statements for Marqeta, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.51% in the first trading day after earnings release.
Is Marqeta, Inc. stock A Buy?
Marqeta, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.268 Sell Candidate Unchanged
Predicted Opening Price for Marqeta, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $5.51 ( 0.0302%) | $5.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.97 | 8.29 % | |
| R2 | 5.79 | 5.13 % | ||
| R1 | 5.69 | 3.18 % | ||
| Current price: | 5.51 | |||
| Support | S1 | 5.34 | -3.12 % | |
| S2 | 5.23 | -5.07 % | ||
| S3 | 5.06 | -8.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.53 | 18.51 % | |
| R2 | 5.96 | 8.17 % | ||
| R1 | 5.80 | 5.26 % | ||
| Current price | 5.51 | |||
| Support | S1 | 5.47 | -0.726% | |
| S2 | 5.39 | -2.18% | ||
| S3 | 5.29 | -3.99% |
FAQ
Click here for our free guide on how to buy Marqeta, Inc. Stock.
