Morgan Stanley Stock Forecast
Morgan Stanley stock price up 0.257% on Wednesday
(Updated on Jun 26, 2024)
The Morgan Stanley stock price gained 0.257% on the last trading day (Wednesday, 26th Jun 2024), rising from $19.43 to $19.48. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.98% from a day low at $19.36 to a day high of $19.55. The price has risen in 8 of the last 10 days and is up by 2.63% over the past 2 weeks. Volume fell on the last day by -53 thousand shares and in total, 75 thousand shares were bought and sold for approximately $1.45 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 narrow 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 3.48% during the next 3 months and, with a 90% probability hold a price between $19.95 and $20.26 at the end of this 3-month period.
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MS-PO 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 $19.35 and $19.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Morgan Stanley stock
Morgan Stanley finds support from accumulated volume at $19.40 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 $0.190 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 0.784%
Our recommended stop-loss: $18.55 (-4.77%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (MS-PO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Morgan Stanley to open at $19.46, and during the day (based on 14 day Average True Range), to move between $19.29 and $19.67, which gives a possible trading interval of +/-$0.189 (+/-0.97%) up or down from last closing price. If Morgan Stanley takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.40, some $0.0800 (0.41%) from the current price of $19.48, our system finds the risk reward attractive.
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: 3.148 Buy Candidate Unchanged
Predicted Opening Price for Morgan Stanley of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $19.46 ( 0.0856%) | $19.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MS-PO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.65 | 0.89% |
| R2 | 19.58 | 0.517% |
| R1 | 19.54 | 0.287% |
| Price | 19.48 | |
| S1 | 19.39 | -0.458% |
| S2 | 19.35 | -0.688% |
| S3 | 19.27 | -1.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 19.48 | |
| S1 | 19.40 | -0.411% |
| S2 | 19.04 | -2.26% |
| S3 | 18.95 | -2.72% |
MS-PO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.266 | 1.36% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.266 | 1.43% |
| 3 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.266 | 1.39% |
| 4 | Sep 28, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.266 | 1.61% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.266 | 1.43% |
FAQ
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