Mariadb Plc Stock Forecast
Red day on Friday for Mariadb Plc stock after losing 0.98%
(Updated on Jun 28, 2024)
The Mariadb Plc stock price fell by -0.98% on the last day (Friday, 28th Jun 2024) from $0.539 to $0.534. During the last trading day the stock fluctuated 6.03% from a day low at $0.514 to a day high of $0.545. The price has fallen in 6 of the last 10 days and is down by -0.39% for this period. Volume has increased on the last day by 58 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 78 thousand shares were bought and sold for approximately $41.62 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.18% during the next 3 months and, with a 90% probability hold a price between $0.537 and $0.670 at the end of this 3-month period.
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MRDB Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -1.19%. 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). Mariadb Plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Mariadb Plc 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 $0.531 and $0.523. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Friday, June 21, 2024 and based on theory for this formation the price should fall by -0.410% to $0.531 within 43 trading days since signal was issued (Thursday, August 22, 2024).
Support, Risk & Stop-loss for Mariadb Plc stock
Mariadb Plc finds support from accumulated volume at $0.520 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0310 between high and low, or 6.03%. For the last week the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: $0.515 (-3.55%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (MRDB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mariadb Plc to open at $0.531, and during the day (based on 14 day Average True Range), to move between $0.513 and $0.554, which gives a possible trading interval of +/-$0.0204 (+/-3.82%) up or down from last closing price. If Mariadb Plc takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.536 (0.36%) than the support at $0.520 (2.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Mariadb Plc 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 Mariadb Plc stock to perform well in the short-term.
Current score: 1.814 Buy Candidate Unchanged
Predicted Opening Price for Mariadb Plc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $0.531 ( 0.500%) | $0.534 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRDB
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.562 | 5.31% |
| R2 | 0.550 | 3.09% |
| R1 | 0.543 | 1.72% |
| Price | 0.534 | |
| S1 | 0.519 | -2.72% |
| S2 | 0.512 | -4.09% |
| S3 | 0.500 | -6.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.540 | 1.20% |
| R2 | 0.539 | 1.01% |
| R1 | 0.536 | 0.356% |
| Price | 0.534 | |
| S1 | 0.520 | -2.55% |
| S2 | 0.490 | -8.17% |
| S3 | 0.470 | -11.92% |
FAQ
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