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AI Analysis of MVF.AX
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Monash IVF Group Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)

Hold candidate since Jun 25, 2024 PDF

The Monash IVF Group Limited stock price fell by -0.365% on the last day (Tuesday, 25th Jun 2024) from $1.37 to $1.37. During the last trading day the stock fluctuated 2.96% from a day low at $1.35 to a day high of $1.39. The price has fallen in 5 of the last 10 days but is still up by 1.11% over the past 2 weeks. Volume has increased on the last day by 270 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, 645 thousand shares were bought and sold for approximately $879.90 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.08% during the next 3 months and, with a 90% probability hold a price between $1.22 and $1.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MVF.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 3.02%. 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. The Monash IVF Group Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.41. On a fall, the stock will find some support from the short-term average at $1.35. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Monash IVF Group Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Monash IVF Group Limited stock

Monash IVF Group Limited finds support from accumulated volume at $1.35 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 $0.0400 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 3.19%.

Our recommended stop-loss: $1.31 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (MVF.AX) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Monash IVF Group Limited to open at $1.37, and during the day (based on 14 day Average True Range), to move between $1.33 and $1.40, which gives a possible trading interval of +/-$0.0362 (+/-2.65%) up or down from last closing price. If Monash IVF Group Limited takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.37 (0.37%) than the support at $1.35 (1.10%), 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 Monash IVF Group Limited stock A Buy?

Monash IVF Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.168 Hold/Accumulate Upgraded

Predicted Opening Price for Monash IVF Group Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
$1.37 ( 0.244%) $1.37

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

Trading levels for MVF.AX

Fibonacci Support & Resistance Levels

Level Price
R3 1.41 3.17%
R2 1.39 2.06%
R1 1.38 1.36%
Price 1.37
S1 1.35 -0.88%
S2 1.34 -1.57%
S3 1.33 -2.69%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1.46 6.96%
R2 1.46 6.59%
R1 1.37 0.366%
Price 1.37
S1 1.35 -1.10%
S2 1.34 -1.83%
S3 1.34 -2.20%

MVF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Apr 05, 2024 $0.0250 1.75%
2 Sep 07, 2023 Sep 07, 2023 Oct 11, 2023 $0.0220 1.75%
3 Mar 08, 2023 Mar 08, 2023 Mar 08, 2023 $0.0220 2.21%
4 Sep 08, 2022 Sep 08, 2022 Sep 08, 2022 $0.0220 2.23%
5 Mar 07, 2022 Mar 07, 2022 Mar 07, 2022 $0.0220 2.06%

FAQ

What is the symbol for Monash IVF Group Limited Stock and on which exchange is it traded?
The symbol for Monash IVF Group Limited is MVF.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Monash IVF Group Limited Stock?
Monash IVF Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Monash IVF Group Limited Stock?
Monash IVF Group Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Monash IVF Group Limited Stock.

What's the current price of Monash IVF Group Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Monash IVF Group Limited (MVF.AX) share was $1.37.

What is the 52-week high and low for Monash IVF Group Limited Stock?
The 52-week high for Monash IVF Group Limited Stock is $1.53 and the 52-week low is $1.11.

What is the market capitalization of Monash IVF Group Limited Stock?
As of the Jun 25, 2024, the market capitalization of Monash IVF Group Limited is 512.37M.

When is the next earnings date for Monash IVF Group Limited?
The upcoming earnings date for Monash IVF Group Limited is Aug 20, 2024.
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About Monash IVF Group Limited

Monash IVF Group Limited Monash IVF Group Limited provides assisted reproductive and specialist women imaging services in Australia and Malaysia. The company offers diagnostic obstetric, gynecological ultrasound, and fertility research and treatment services. It also provides tertiary level prenatal diagnostic and IVF treatment services. Monash IVF Group Limited was incorporated in 2014 and is based in Richmond, Australia.... MVF.AX Profile

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