Maravai LifeSciences Holdings, Inc. Stock Forecast
Maravai LifeSciences Holdings, Inc. stock price up 2.68% on Wednesday
(Updated on May 01, 2024)
The Maravai LifeSciences Holdings, Inc. stock price gained 2.68% on the last trading day (Wednesday, 1st May 2024), rising from $8.20 to $8.42. 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 7.37% from a day low at $8.14 to a day high of $8.74. The price has risen in 6 of the last 10 days and is up by 8.93% over the past 2 weeks. Volume fell on the last day by -764 thousand shares and in total, 1 million shares were bought and sold for approximately $12.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very 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 39.86% during the next 3 months and, with a 90% probability hold a price between $10.29 and $14.02 at the end of this 3-month period.
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MRVI Signals & Forecast
A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -3.88%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Maravai LifeSciences Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.88 and $8.10. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Maravai LifeSciences Holdings, Inc. stock
Maravai LifeSciences Holdings, Inc. finds support from accumulated volume at $8.36 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 $0.600 between high and low, or 7.37%. For the last week, the stock has had daily average volatility of 5.01%.
Our recommended stop-loss: $8.07 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (MRVI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Maravai LifeSciences Holdings, Inc. to open at $8.43, and during the day (based on 14 day Average True Range), to move between $7.98 and $8.86, which gives a possible trading interval of +/-$0.441 (+/-5.24%) up or down from last closing price. If Maravai LifeSciences Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 10.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.36 (0.71%) than the resistance at $8.51 (1.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Maravai LifeSciences Holdings, Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0300. We will update the financials statements for Maravai LifeSciences Holdings, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.77% in the first trading day after earnings release.
Is Maravai LifeSciences Holdings, Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.526 Buy Candidate Unchanged
Predicted Opening Price for Maravai LifeSciences Holdings, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $8.43 ( 0.158%) | $8.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MRVI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.03 | 7.28 % | |
| R2 | 8.80 | 4.56 % | ||
| R1 | 8.66 | 2.88 % | ||
| Current price: | 8.42 | |||
| Support | S1 | 8.20 | -2.56 % | |
| S2 | 8.06 | -4.25 % | ||
| S3 | 7.83 | -6.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.61 | 2.26 % | |
| R2 | 8.60 | 2.14 % | ||
| R1 | 8.51 | 1.07 % | ||
| Current price | 8.42 | |||
| Support | S1 | 8.36 | -0.713% | |
| S2 | 8.16 | -3.09% | ||
| S3 | 7.70 | -8.55% |
FAQ
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