Morgan Stanley Stock Forecast
Green day on Tuesday for Morgan Stanley
(Updated on Jul 02, 2024)
The Morgan Stanley stock price gained 0.494% on the last trading day (Tuesday, 2nd Jul 2024), rising from $99.16 to $99.65. It has now gained 3 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 1.19% from a day low at $98.62 to a day high of $99.80. The price has risen in 6 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -974 thousand shares and in total, 6 million shares were bought and sold for approximately $554.97 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 wide and weak 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 8.39% during the next 3 months and, with a 90% probability hold a price between $101.25 and $114.03 at the end of this 3-month period.
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MS Signals & Forecast
The Morgan Stanley 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 $97.65 and $97.84. 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 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. 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 Tuesday, May 21, 2024, and so far it has fallen -1.85%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Morgan Stanley stock
Morgan Stanley finds support from accumulated volume at $96.16 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 $1.18 between high and low, or 1.19%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $95.23 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 55 days ago.)
Trading Expectations (MS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Morgan Stanley to open at $99.36, and during the day (based on 14 day Average True Range), to move between $98.03 and $101.27, which gives a possible trading interval of +/-$1.62 (+/-1.62%) up or down from last closing price. If Morgan Stanley takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $100.33 (0.68%) than the support at $96.16 (3.50%), 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 Morgan Stanley 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 Morgan Stanley stock to perform well in the short-term.
Current score: 2.421 Buy Candidate Unchanged
Predicted Opening Price for Morgan Stanley of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $99.36 ( 0.296%) | $99.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.53 | 0.88% |
| R2 | 100.08 | 0.433% |
| R1 | 99.80 | 0.154% |
| Price | 99.65 | |
| S1 | 98.91 | -0.746% |
| S2 | 98.63 | -1.02% |
| S3 | 98.18 | -1.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.53 | 1.89% |
| R2 | 100.52 | 0.87% |
| R1 | 100.33 | 0.682% |
| Price | 99.65 | |
| S1 | 96.16 | -3.50% |
| S2 | 89.14 | -10.55% |
| S3 | 86.84 | -12.85% |
MS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 29, 2024 | May 15, 2024 | $0.85 | 0.85% |
| 2 | Jan 16, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.85 | 0.99% |
| 3 | Oct 18, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.85 | 1.07% |
| 4 | Jul 18, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.85 | 0.99% |
| 5 | Apr 19, 2023 | Apr 28, 2023 | May 15, 2023 | $0.775 | 0.93% |
FAQ
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