MARCHFIRST INC Stock Forecast
MARCHFIRST INC stock upgraded to Strong Buy Candidate.
(Updated on Apr 26, 2024)
The MARCHFIRST INC stock price gained 0.543% on the last trading day (Friday, 26th Apr 2024), rising from £552.00 to £555.00. During the last trading day the stock fluctuated 0.90% from a day low at £553.00 to a day high of £558.00. The price has risen in 5 of the last 10 days and is up by 1.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 102 thousand more shares were traded than the day before. In total, 217 thousand shares were bought and sold for approximately £120.48 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £559.30 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.86% during the next 3 months and, with a 90% probability hold a price between £542.11 and £575.30 at the end of this 3-month period.
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MRCH.L Signals & Forecast
Mostly positive signals in the chart today. The MARCHFIRST 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 £547.14 and £532.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 7.35%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Wednesday, March 06, 2024 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 Wednesday, March 06, 2024 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 MARCHFIRST INC stock
On the downside, the stock finds support just below today's level from accumulated volume at £527.00 and £523.00. 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, MARCHFIRST INC finds support just below today's level at £527.00. If this is broken, then the next support from accumulated volume will be at £523.00 and £520.00.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £5.00 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: £535.24 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (MRCH.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect MARCHFIRST INC to open at £555.33, and during the day (based on 14 day Average True Range), to move between £546.98 and £563.02, which gives a possible trading interval of +/-£8.02 (+/-1.44%) up or down from last closing price. If MARCHFIRST INC takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £527.00, some £28.00 (5.05%) from the current price of £555.00, our system finds the risk reward attractive.
Is MARCHFIRST INC stock A Buy?
MARCHFIRST INC holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.281 Strong Buy Candidate Upgraded
Predicted Opening Price for MARCHFIRST INC of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
£555.33 ( 0.0601%) | £555.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRCH.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 560.33 | 0.96 % | |
R2 | 558.42 | 0.617 % | ||
R1 | 557.24 | 0.404 % | ||
Current price: | 555.00 | |||
Support | S1 | 553.42 | -0.284 % | |
S2 | 552.24 | -0.497 % | ||
S3 | 550.33 | -0.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 555.00 | |||
Support | S1 | 527.00 | -5.05% | |
S2 | 523.00 | -5.77% | ||
S3 | 520.00 | -6.31% |
MRCH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 22, 2024 | £7.10 | 1.28% |
2 | Feb 01, 2024 | Feb 01, 2024 | Mar 14, 2024 | £7.10 | 1.37% |
3 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | £0.0710 | 0.0139% |
4 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £7.10 | 1.39% |
5 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £7.00 | 1.22% |
FAQ
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