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Mercury Systems Inc Stock Forecast NASDAQ:MRCY

$58.55 (-0.66%)

Volume: 576k

Closed: Jan 19, 2022

Hollow Logo Score: 0.901

Mercury Systems Inc Stock Forecast

$58.55 (-0.66%)

Volume: 576k

Closed: Jan 19, 2022

Score Hollow Logo 0.901
Which way will MRCY go? Request
Stop-loss: $55.85 (-4.62%)
Earnings Date: Feb 01, 2022
Key Stats
P/E Ratio 84.81
Beta 1.14
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 62 and the stock is currently not being overbought or oversold

Mercury Systems Inc stock price ended on $58.55 on Wednesday after losing 0.66%
(Updated on Jan 19, 2022)


Buy or Hold candidate since 2021-12-15 Gain 15.48% PDF

The Mercury Systems Inc stock price fell by -0.66% on the last day (Wednesday, 19th Jan 2022) from $58.94 to $58.55. and has now fallen 3 days in a row. During the day the stock fluctuated 2.75% from a day low at $57.66 to a day high of $59.25. The price has fallen in 7 of the last 10 days, but is still up by 1.54% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -687 thousand shares and in total, 576 thousand shares were bought and sold for approximately $33.70 million.

The stock lies in the upper part of a wide and strong 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 $60.16 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.48% during the next 3 months and, with a 90% probability hold a price between $54.35 and $66.47 at the end of this 3-month period.

Signals & Forecast

The Mercury Systems 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 $57.79 and $52.95. A breakdown below any of these levels will issue sell signals. 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 Friday, January 14, 2022, and so far it has fallen -2.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Mercury Systems Inc finds support from accumulated volume at $57.66 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 $1.59 between high and low, or 2.75%. For the last week, the stock has had a daily average volatility of 3.62%.

Our recommended stop-loss: $55.85 (-4.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Is Mercury Systems Inc stock A Buy?

Mercury Systems Inc 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.

Current score: 0.901

Hold/Accumulate Unchanged

Insiders are positive buying more shares than they are selling in Mercury Systems Inc

In the last 100 trades there were 271.32 thousand shares bought and 160.14 thousand shares sold. The last trade was done 51 days ago by Mccarthy Michelle M who sold 1.51 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Predicted Opening Price for Mercury Systems Inc of Thursday, January 20, 2022

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

Fair opening price January 20, 2022 Current price
$58.49 $58.55 (Overvalued)

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Analyst Ratings

On Oct 21, 2021 "Royal Bank of Canada" gave "" rating for MRCY. The price target was set to $53.32+0.8%.

Volatility and Risk
Daily Average Volatility: 3.62 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.62 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $58.94
Price: $58.55
Support: $57.66

MRCY Insider Trading Show all Trades

INSIDER POWER

34.260

Last 100 transactions
Buy: 271 316 | Sell: 160 140 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Sell 1 506 Mccarthy Michelle M Common Stock
Nov 15, 2021 Buy 9 621 Huber Thomas Common Stock
Nov 15, 2021 Buy 15 393 Stevison James Mitch Common Stock
Nov 15, 2021 Buy 15 393 Wells Charles Roger Iv Common Stock
Nov 15, 2021 Buy 15 393 Wells Charles Roger Iv Common Stock
Show all Insider Trades
INSIDER POWER

34.260

Last 100 transactions
Buy: 271 316 | Sell: 160 140 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 60.07 2.60 %
59.46 1.56 %
59.09 0.92 %
Current price: 58.55
Support 57.88 -1.15 %
57.51 -1.78 %
56.90 -2.82 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
59.98 2.44 %
58.94 0.67 %
Current price 58.55
Support 57.66 -1.52%
55.92 -4.49%
50.61 -13.56%

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About Mercury Systems Inc

Mercury Systems Mercury Systems, Inc. provides secure processing subsystems for various critical defense and intelligence programs in the United States. The company’s products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, and Reaper. The company also designs, markets, and licenses software and... Read more

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