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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MRCY
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Mercury Systems Inc stock price ended on $29.57 on Wednesday after gaining 0.89%
(Updated on Feb 28, 2024)

Sell candidate since Feb 16, 2024 Gain 1.51% PDF
The Mercury Systems Inc stock price gained 0.89% on the last trading day (Wednesday, 28th Feb 2024), rising from $29.31 to $29.57. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.82% from a day low at $29.05 to a day high of $30.16. The price has been going up and down for this period, and there has been a -1.56% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 707 thousand shares were bought and sold for approximately $20.91 million.

The stock lies the upper part of a very wide and falling 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 $30.22 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.39% during the next 3 months and, with a 90% probability hold a price between $18.26 and $22.85 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.

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MRCY Signals & Forecast

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. The Mercury Systems 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 $30.19. On a fall, the stock will find some support from the short-term average at $28.74. 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. A sell signal was issued from a pivot top point on Wednesday, February 14, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Mercury Systems Inc stock

Mercury Systems Inc finds support from accumulated volume at $29.30 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 $1.11 between high and low, or 3.82%. For the last week, the stock has had daily average volatility of 3.17%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MRCY) For The Upcoming Trading Day Of Thursday 29th

For the upcoming trading day on Thursday, 29th we expect Mercury Systems Inc to open at $29.59, and during the day (based on 14 day Average True Range), to move between $28.39 and $30.75, which gives a possible trading interval of +/-$1.18 (+/-3.98%) up or down from last closing price. If Mercury Systems Inc takes out the full calculated possible swing range there will be an estimated 7.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.30 (0.91%) than the resistance at $29.88 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mercury Systems Inc stock A Buy?

Mercury Systems 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: -1.878 Sell Candidate Unchanged

Predicted Opening Price for Mercury Systems Inc of Thursday, February 29, 2024

Fair opening price February 29, 2024 Current price
$29.59 ( 0.0789%) $29.57

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 30.70 3.83 %
R2 30.28 2.40 %
R1 30.02 1.51 %
Current price: 29.57
Support S1 29.17 -1.36 %
S2 28.91 -2.24 %
S3 28.48 -3.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.55 3.31 %
R2 30.04 1.59 %
R1 29.88 1.05 %
Current price 29.57
Support S1 29.30 -0.91%
S2 26.80 -9.37%
S3 26.23 -11.30%

FAQ

What is the symbol for Mercury Systems Inc Stock and on which exchange is it traded?
The symbol for Mercury Systems Inc is MRCY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Mercury Systems Inc Stock?
Mercury Systems 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.

How to buy Mercury Systems Inc Stock?
Mercury Systems 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 Mercury Systems Inc Stock.

What's the current price of Mercury Systems Inc Stock?
As of the end of day on the 2024-02-28, the price of an Mercury Systems Inc (MRCY) share was $29.57.

What is the 52-week high and low for Mercury Systems Inc Stock?
The 52-week high for Mercury Systems Inc Stock is $53.97 and the 52-week low is $25.31.

What is the market capitalization of Mercury Systems Inc Stock?
As of the 2024-02-28, the market capitalization of Mercury Systems Inc is 1.755B.

When is the next earnings date for Mercury Systems Inc?
The upcoming earnings date for Mercury Systems Inc is May 07, 2024.

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About Mercury Systems Inc

Mercury Systems Mercury Systems, Inc., a technology company, engages in the manufacture and sale of components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. The company's products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers. It offers components, including power amplifiers and limiters, switches, oscillators, fi... MRCY Profile

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