MARCHFIRST INC Stock Forecast
MARCHFIRST INC stock upgraded to Buy Candidate.
(Updated on May 01, 2024)
The MARCHFIRST INC stock price gained 0.179% on the last trading day (Wednesday, 1st May 2024), rising from £559.00 to £560.00. During the last trading day the stock fluctuated 0.89% from a day low at £557.02 to a day high of £562.00. The price has risen in 6 of the last 10 days and is up by 3.51% 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, 79 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately £119.02 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 £560.92 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.27% during the next 3 months and, with a 90% probability hold a price between £559.28 and £590.48 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.
MRCH.L Signals & Forecast
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 £554.86 and £535.57. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 £4.98 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: £539.62 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (MRCH.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect MARCHFIRST INC to open at £559.67, and during the day (based on 14 day Average True Range), to move between £552.19 and £567.81, which gives a possible trading interval of +/-£7.81 (+/-1.39%) up or down from last closing price. If MARCHFIRST INC takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £527.00, some £33.00 (5.89%) from the current price of £560.00, our system finds the risk reward attractive.
Is MARCHFIRST INC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MARCHFIRST INC stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.239 Buy Candidate Upgraded
Predicted Opening Price for MARCHFIRST INC of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
£559.67 ( 0.0585%) | £560.00 |
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 | 564.65 | 0.83 % | |
R2 | 562.75 | 0.491 % | ||
R1 | 561.58 | 0.281 % | ||
Current price: | 560.00 | |||
Support | S1 | 557.77 | -0.398 % | |
S2 | 556.59 | -0.608 % | ||
S3 | 554.69 | -0.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 560.00 | |||
Support | S1 | 527.00 | -5.89% | |
S2 | 523.00 | -6.61% | ||
S3 | 520.00 | -7.14% |
MRCH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | May 22, 2024 | £7.10 | 1.27% |
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
Click here for our free guide on how to buy MARCHFIRST INC Stock.