Morguard Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Morguard Corporation stock downgraded to Hold/Accumulate
(Updated on Apr 30, 2024)
No changes to the price of Morguard Corporation stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $110.46 to a day high of $110.46. The price has risen in 5 of the last 10 days and is up by 0.51% over the past 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Morguard Corporation stock with a 90% probability to be traded between $108.18 and $123.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MRC.TO Signals & Forecast
There are mixed signals in the stock today. The Morguard Corporation 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 $110.68 and $114.32. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.227%. 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). The stock had a Golden Star Signal on Monday, November 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, November 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Morguard Corporation stock
Morguard Corporation finds support from accumulated volume at $110.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.584%
Our recommended stop-loss: $103.69 (-6.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (MRC.TO) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Morguard Corporation to open at $110.46, and during the day (based on 14 day Average True Range), to move between $108.76 and $112.16, which gives a possible trading interval of +/-$1.70 (+/-1.54%) up or down from last closing price. If Morguard Corporation takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $110.30 (0.14%) than the resistance at $112.24 (1.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Morguard Corporation stock A Buy?
Morguard Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.279 Hold/Accumulate Downgraded
Predicted Opening Price for Morguard Corporation of Wednesday, May 1, 2024
Fair opening price May 1, 2024 | Current price |
---|---|
$110.46 ( 0%) | $110.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRC.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 110.46 | . | |
R2 | 110.46 | . | ||
R1 | 110.46 | . | ||
Current price: | 110.46 | |||
Support | S1 | 110.46 | . | |
S2 | 110.46 | . | ||
S3 | 110.46 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 121.74 | 10.21 % | |
R2 | 116.01 | 5.02 % | ||
R1 | 112.24 | 1.61 % | ||
Current price | 110.46 | |||
Support | S1 | 110.30 | -0.145% | |
S2 | 110.25 | -0.190% | ||
S3 | 110.00 | -0.416% |
MRC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.150 | 0.127% |
2 | Nov 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.150 | 0.142% |
3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.150 | 0.148% |
4 | May 02, 2023 | Jun 14, 2023 | Sep 29, 2023 | $0.150 | 0.148% |
5 | Feb 23, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.150 | 0.145% |
FAQ
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