Morgan Stanley Stock Forecast

Morgan Stanley stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

MS-PK Signals & Forecast

The Morgan Stanley stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $24.87. On a fall, the stock will find some support from the long-term average at approximately $24.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.680%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Monday, May 13, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Morgan Stanley stock

Morgan Stanley finds support from accumulated volume at $24.64 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 $0.250 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 0.567%.

Our recommended stop-loss: $24.07 (-3.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (MS-PK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Morgan Stanley to open at $24.76, and during the day (based on 14 day Average True Range), to move between $24.64 and $25.04, which gives a possible trading interval of +/-$0.199 (+/-0.80%) up or down from last closing price. If Morgan Stanley takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.90 (0.24%) than the support at $24.64 (0.81%), 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?

Morgan Stanley holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.408 Hold/Accumulate Downgraded

Predicted Opening Price for Morgan Stanley of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.