Maison Solutions Inc. Class A Common Stock Forecast
Stronger technical forecast for Maison Solutions Inc. Class A Common stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Maison Solutions Inc. Class A Common stock price gained 0.735% on the last trading day (Tuesday, 25th Jun 2024), rising from $1.36 to $1.37. During the last trading day the stock fluctuated 3.63% from a day low at $1.32 to a day high of $1.37. The price has risen in 6 of the last 10 days and is up by 14.17% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 8 thousand shares were bought and sold for approximately $10.81 thousand. 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 stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $1.45 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Maison Solutions Inc. Class A Common stock with a 90% probability to be traded between $1.03 and $1.44 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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MSS Signals & Forecast
The Maison Solutions Inc. Class A Common 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 $1.36 and $1.22. A breakdown below any of these levels will issue sell signals. 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 Friday, June 21, 2024, and so far it has fallen -5.52%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Maison Solutions Inc. Class A Common stock
Maison Solutions Inc. Class A Common finds support from accumulated volume at $1.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0480 between high and low, or 3.63%. For the last week the stock has had daily average volatility of 11.86%.
Our recommended stop-loss: $1.32 (-3.52%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (MSS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Maison Solutions Inc. Class A Common Stock to open at $1.35, and during the day (based on 14 day Average True Range), to move between $1.24 and $1.50, which gives a possible trading interval of +/-$0.130 (+/-9.45%) up or down from last closing price. If Maison Solutions Inc. Class A Common Stock takes out the full calculated possible swing range there will be an estimated 18.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.39 (1.46%) than the support at $1.31 (4.38%), 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 Maison Solutions Inc. Class A Common Stock stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Maison Solutions Inc. Class A Common stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.343 Buy Candidate Upgraded
Predicted Opening Price for Maison Solutions Inc. Class A Common Stock of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.35 ( 1.17%) | $1.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.40 | 2.34% |
| R2 | 1.38 | 1.00% |
| R1 | 1.37 | 0.171% |
| Price | 1.37 | |
| S1 | 1.34 | -2.51% |
| S2 | 1.32 | -3.33% |
| S3 | 1.31 | -4.67% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.42 | 3.65% |
| R2 | 1.40 | 2.19% |
| R1 | 1.39 | 1.46% |
| Price | 1.37 | |
| S1 | 1.31 | -4.38% |
| S2 | 1.26 | -8.03% |
| S3 | 1.20 | -12.41% |
FAQ
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