Morgan Stanley Stock Forecast
Weaker technical forecast for Morgan Stanley as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Morgan Stanley stock price fell by -1.89% on the last day (Friday, 28th Jun 2024) from $23.32 to $22.88. During the last trading day the stock fluctuated 1.81% from a day low at $22.66 to a day high of $23.07. The price has been going up and down for this period, and there has been a -1.89% loss for the last 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 -5 thousand shares and in total, 73 thousand shares were bought and sold for approximately $1.66 million.
Given the current horizontal trend, you can expect Morgan Stanley stock with a 90% probability to be traded between $23.11 and $23.85 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MS-PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Morgan Stanley stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.38 and $23.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -2.89%. Further fall is indicated until a new bottom pivot has been found. 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 for Morgan Stanley stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.410 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MS-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Morgan Stanley to open at $22.87, and during the day (based on 14 day Average True Range), to move between $22.63 and $23.13, which gives a possible trading interval of +/-$0.247 (+/-1.08%) up or down from last closing price. If Morgan Stanley takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $23.13, some $0.250 (1.09%) from the current price of $22.88, our system finds the risk reward not very attractive.
Is Morgan Stanley stock A Buy?
Morgan Stanley holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.463 Sell Candidate Downgraded
Predicted Opening Price for Morgan Stanley of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$22.87 ( 0.0437%) | $22.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MS-PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.28 | 1.75% |
R2 | 23.12 | 1.06% |
R1 | 23.03 | 0.641% |
Price | 22.88 | |
S1 | 22.71 | -0.728% |
S2 | 22.62 | -1.15% |
S3 | 22.46 | -1.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 23.56 | 2.97% |
R2 | 23.32 | 1.92% |
R1 | 23.13 | 1.09% |
Price | 22.88 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
MS-PA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.398 | 0% |
2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.392 | 0% |
3 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.406 | 0% |
4 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.396 | 0% |
5 | Jun 29, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.377 | 0% |
FAQ
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