Materion Corporation Stock Forecast

Materion Corporation stock price ended at $120.88 on Wednesday, after losing 0.89%.
(Updated on Apr 17, 2024)

MTRN Signals & Forecast

There are few to no technical positive signals at the moment. The Materion Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $124.46 and $129.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -13.04%. 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.

Support, Risk & Stop-loss for Materion Corporation stock

Materion Corporation finds support from accumulated volume at $119.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.65 between high and low, or 3.02%. For the last week, the stock has had daily average volatility of 3.42%.

Materion Corporation is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (MTRN) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Materion Corporation to open at $122.10, and during the day (based on 14 day Average True Range), to move between $116.93 and $124.83, which gives a possible trading interval of +/-$3.95 (+/-3.27%) up or down from last closing price. If Materion Corporation takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $119.70 (0.98%) than the resistance at $131.75 (8.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Materion Corporation stock A Buy?

The Materion Corporation stock holds several negative signals and despite the positive trend, we believe Materion Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.190 Sell Candidate Unchanged

Predicted Opening Price for Materion Corporation of Thursday, April 18, 2024

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