Morgan Stanley Stock Forecast

Morgan Stanley stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)

MS-PL 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 $22.53 and $22.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -2.11%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Friday, May 31, 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 $22.14 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.350 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.04%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Morgan Stanley to open at $22.40, and during the day (based on 14 day Average True Range), to move between $22.03 and $22.53, which gives a possible trading interval of +/-$0.250 (+/-1.12%) up or down from last closing price. If Morgan Stanley takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.14 (0.63%) than the resistance at $22.90 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Morgan Stanley stock A Buy?

Morgan Stanley holds several negative signals and is within a 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: -4.817 Sell Candidate 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.