Morgan Stanley Stock Forecast
Evaluation of Morgan Stanley stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Morgan Stanley stock price fell by -1.41% on the last day (Friday, 28th Jun 2024) from $25.57 to $25.21. During the last trading day the stock fluctuated 0.317% from a day low at $25.19 to a day high of $25.27. The price has risen in 6 of the last 10 days but is still down by -1.14% for this period. Volume has increased on the last day by 40 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, 70 thousand shares were bought and sold for approximately $1.77 million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $25.28 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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MS-PE Signals & Forecast
There are few to no technical positive signals at the moment. 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 $25.50 and $25.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -1.56%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should fall by -0.160% to $25.17 within 56 trading days since signal was issued (Monday, September 16, 2024).
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 $0.0799 between high and low, or 0.317%. For the last week the stock has had daily average volatility of 0.353%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MS-PE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Morgan Stanley to open at $25.22, and during the day (based on 14 day Average True Range), to move between $25.10 and $25.32, which gives a possible trading interval of +/-$0.114 (+/-0.45%) up or down from last closing price. If Morgan Stanley takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $25.31, some $0.1000 (0.40%) from the current price of $25.21, 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 Buy to a Sell candidate.
Current score: -3.025 Sell Candidate Downgraded
Predicted Opening Price for Morgan Stanley of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.22 ( 0.0528%) | $25.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MS-PE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.30 | 0.370% |
| R2 | 25.27 | 0.249% |
| R1 | 25.25 | 0.174% |
| Price | 25.21 | |
| S1 | 25.19 | -0.0683% |
| S2 | 25.17 | -0.143% |
| S3 | 25.14 | -0.264% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.57 | 1.43% |
| R2 | 25.53 | 1.27% |
| R1 | 25.31 | 0.397% |
| Price | 25.21 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
MS-PE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.450 | 1.79% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.445 | 1.74% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.455 | 1.81% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.445 | 1.78% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.445 | 1.77% |
FAQ
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