Manitowoc Company, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Thursday for Manitowoc Company, Inc stock after losing 0.126%
(Updated on May 02, 2024)
The Manitowoc Company, Inc stock price fell by -0.126% on the last day (Thursday, 2nd May 2024) from £791.00 to £790.00. During the last trading day the stock fluctuated 0.127% from a day low at £790.00 to a day high of £791.00. The price has fallen in 4 of the last 10 days and is down by -0.25% for this period. Volume has increased on the last day by 909 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately £1.09 billion.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £749.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 43.77% during the next 3 months and, with a 90% probability hold a price between £1,076.98 and £1,398.64 at the end of this 3-month period.
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MTW.L Signals & Forecast
There are few to no technical positive signals at the moment. The Manitowoc Company, Inc 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 £791.71 and £792.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -1.00%. 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 Manitowoc Company, Inc stock
Manitowoc Company, Inc finds support from accumulated volume at £788.00 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 £1.00 between high and low, or 0.127%. For the last week the stock has had daily average volatility of 0.330%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTW.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Manitowoc Company, Inc to open at £790.33, and during the day (based on 14 day Average True Range), to move between £784.50 and £795.50, which gives a possible trading interval of +/-£5.50 (+/-0.70%) up or down from last closing price. If Manitowoc Company, Inc takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £792.00 (0.25%) than the support at £788.00 (0.25%), 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 Manitowoc Company, Inc stock A Buy?
The Manitowoc Company, Inc stock holds several negative signals and despite the positive trend, we believe Manitowoc Company, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.929 Sell Candidate Unchanged
Predicted Opening Price for Manitowoc Company, Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £790.33 ( 0.0422%) | £790.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTW.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 791.33 | 0.169 % | |
| R2 | 790.95 | 0.120 % | ||
| R1 | 790.72 | 0.0905 % | ||
| Current price: | 790.00 | |||
| Support | S1 | 789.95 | -0.0062 % | |
| S2 | 789.72 | -0.0360 % | ||
| S3 | 789.33 | -0.0844 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 794.00 | 0.506 % | |
| R2 | 793.00 | 0.380 % | ||
| R1 | 792.00 | 0.253 % | ||
| Current price | 790.00 | |||
| Support | S1 | 788.00 | -0.253% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MTW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Mar 22, 2024 | £9.00 | 1.14% |
| 2 | Feb 07, 2023 | Feb 16, 2023 | Mar 24, 2023 | £8.80 | 1.50% |
| 3 | Sep 13, 2022 | Sep 22, 2022 | Nov 03, 2022 | £17.80 | 3.30% |
| 4 | Feb 08, 2022 | Feb 17, 2022 | Mar 25, 2022 | £8.30 | 1.04% |
| 5 | Sep 21, 2021 | Sep 30, 2021 | Nov 03, 2021 | £13.50 | 1.66% |
FAQ
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