MTI Wireless Edge Ltd Stock Forecast
MTI Wireless Edge Ltd stock price down 0% on Thursday
(Updated on May 02, 2024)
No changes to the price of MTI Wireless Edge Ltd stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 2.98% from a day low at £41.00 to a day high of £42.22. The price has been going up and down for this period, and there has been a -2.33% loss for the last 2 weeks.
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 £41.59 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 21.30% during the next 3 months and, with a 90% probability hold a price between £50.45 and £64.85 at the end of this 3-month period.
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MWE.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MTI Wireless Edge Ltd 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 £42.00 and £44.36. 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 20, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, March 07, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for MTI Wireless Edge Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at £37.00 and £36.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MTI Wireless Edge Ltd finds support just below today's level at £37.00. If this is broken, then the next support from accumulated volume will be at £36.50 and £35.50.
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 £1.22 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MWE.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect MTI Wireless Edge Ltd to open at £41.74, and during the day (based on 14 day Average True Range), to move between £40.72 and £43.28, which gives a possible trading interval of +/-£1.28 (+/-3.05%) up or down from last closing price. If MTI Wireless Edge Ltd takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £42.20 (0.48%) than the support at £37.00 (11.90%), 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 MTI Wireless Edge Ltd stock A Buy?
The MTI Wireless Edge Ltd stock holds several negative signals and despite the positive trend, we believe MTI Wireless Edge Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.205 Sell Candidate Unchanged
Predicted Opening Price for MTI Wireless Edge Ltd of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £41.74 ( 0.617%) | £42.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MWE.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.96 | 2.29 % | |
| R2 | 42.50 | 1.18 % | ||
| R1 | 42.21 | 0.494 % | ||
| Current price: | 42.00 | |||
| Support | S1 | 41.27 | -1.73 % | |
| S2 | 40.99 | -2.42 % | ||
| S3 | 40.52 | -3.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.00 | 16.67 % | |
| R2 | 46.00 | 9.52 % | ||
| R1 | 42.20 | 0.476 % | ||
| Current price | 42.00 | |||
| Support | S1 | 37.00 | -11.90% | |
| S2 | 36.50 | -13.10% | ||
| S3 | 35.50 | -15.48% |
MWE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 11, 2024 | £2.42 | 5.56% |
| 2 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | £3.00 | 5.66% |
| 3 | Mar 07, 2022 | Mar 17, 2022 | Mar 31, 2022 | £2.80 | 4.79% |
| 4 | Mar 01, 2021 | Mar 18, 2021 | Mar 31, 2021 | £1.80 | 2.28% |
| 5 | Mar 02, 2020 | Mar 19, 2020 | Apr 03, 2020 | £2.00 | 7.27% |
FAQ
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