Morgan Stanley Stock Forecast
Green day on Wednesday for Morgan Stanley
(Updated on Apr 24, 2024)
The Morgan Stanley stock price gained 0.0960% on the last trading day (Wednesday, 24th Apr 2024), rising from $93.76 to $93.85. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.12% from a day low at $93.03 to a day high of $94.07. The price has risen in 8 of the last 10 days and is up by 2.4% over the past 2 weeks. Volume fell on the last day by -339 thousand shares and in total, 5 million shares were bought and sold for approximately $439.88 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 7.83% during the next 3 months and, with a 90% probability hold a price between $93.91 and $103.72 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. 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 $91.41 and $90.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 8.89%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Morgan Stanley stock
On the downside, the stock finds support just below today's level from accumulated volume at $88.38 and $86.84. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Morgan Stanley finds support just below today's level at $88.38. If this is broken, then the next support from accumulated volume will be at $86.84 and $85.66.
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 $1.04 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 1.65%.
Since the Morgan Stanley has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $90.66 (-3.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (MS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Morgan Stanley to open at $93.65, and during the day (based on 14 day Average True Range), to move between $91.75 and $95.95, which gives a possible trading interval of +/-$2.10 (+/-2.23%) up or down from last closing price. If Morgan Stanley takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $94.08 (0.25%) than the support at $88.38 (5.83%), 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: 4.465 Buy Candidate Unchanged
Predicted Opening Price for Morgan Stanley of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $93.65 ( 0.213%) | $93.85 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 94.69 | 0.90 % | |
| R2 | 94.29 | 0.472 % | ||
| R1 | 94.05 | 0.210 % | ||
| Current price: | 93.85 | |||
| Support | S1 | 93.25 | -0.636 % | |
| S2 | 93.01 | -0.90 % | ||
| S3 | 92.61 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 94.16 | 0.330 % | ||
| R1 | 94.08 | 0.245 % | ||
| Current price | 93.85 | |||
| Support | S1 | 88.38 | -5.83% | |
| S2 | 86.84 | -7.47% | ||
| S3 | 85.66 | -8.73% |
MS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 29, 2024 | May 15, 2024 | $0.85 | 0.91% |
| 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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