RSI low/high Values: [ 25 - 75 ]
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AI Analysis of MXT.AX
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Mcp Master Income Trust stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Gain 0.49% PDF

The Mcp Master Income Trust stock price gained 0.485% on the last trading day (Thursday, 28th Mar 2024), rising from $2.06 to $2.07. During the last trading day the stock fluctuated 0.98% from a day low at $2.05 to a day high of $2.07. The price has risen in 4 of the last 10 days and is up by 0.49% over the past 2 weeks. Volume fell on the last day by -92 thousand shares and in total, 2 million shares were bought and sold for approximately $3.29 million. 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 stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $2.06 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $2.09 sometime during the next 3 months.

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MXT.AX Signals & Forecast

The Mcp Master Income Trust 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 $2.06 and $2.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 1.47%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, March 15, 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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, March 15, 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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Mcp Master Income Trust stock

Mcp Master Income Trust finds support from accumulated volume at $2.06 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 $0.0200 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 0.88%.

Our recommended stop-loss: $1.97 (-4.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (MXT.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Mcp Master Income Trust to open at $2.06, and during the day (based on 14 day Average True Range), to move between $2.05 and $2.09, which gives a possible trading interval of +/-$0.0151 (+/-0.73%) up or down from last closing price. If Mcp Master Income Trust takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $2.06, some $0.0100 (0.48%) from the current price of $2.07, our system finds the risk reward attractive.

Is Mcp Master Income Trust stock A Buy?

Mcp Master Income Trust 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.879 Hold/Accumulate Downgraded

Predicted Opening Price for Mcp Master Income Trust of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$2.06 ( 0.322%) $2.07

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

Trading levels for MXT.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.08 0.644 %
R2 2.08 0.275 %
R1 2.07 0.0470 %
Current price: 2.07
Support S1 2.06 -0.691 %
S2 2.05 -0.92 %
S3 2.04 -1.29 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 2.07
Support S1 2.06 -0.483%
S2 2.05 -0.97%
S3 2.04 -1.45%

MXT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 29, 2024 Feb 29, 2024 Mar 08, 2024 $0.0144 0.706%
2 Jan 31, 2024 Jan 31, 2024 Feb 08, 2024 $0.0155 0.752%
3 Dec 29, 2023 Dec 29, 2023 Dec 29, 2023 $0.0152 0.741%
4 Nov 30, 2023 Nov 30, 2023 Nov 30, 2023 $0.0150 0.739%
5 Oct 31, 2023 Oct 31, 2023 Oct 31, 2023 $0.0162 0.794%

FAQ

What is the symbol for Mcp Master Income Trust Stock and on which exchange is it traded?
The symbol for Mcp Master Income Trust is MXT.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Mcp Master Income Trust Stock?
Mcp Master Income Trust 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Mcp Master Income Trust Stock?
Mcp Master Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mcp Master Income Trust Stock.

What's the current price of Mcp Master Income Trust Stock?
As of the end of day on the 2024-03-28, the price of an Mcp Master Income Trust (MXT.AX) share was $2.07.

What is the 52-week high and low for Mcp Master Income Trust Stock?
The 52-week high for Mcp Master Income Trust Stock is $2.07 and the 52-week low is $1.87.

What is the market capitalization of Mcp Master Income Trust Stock?
As of the 2024-03-28, the market capitalization of Mcp Master Income Trust is 2.144B.

When is the next earnings date for Mcp Master Income Trust?
The upcoming earnings date for Mcp Master Income Trust is Aug 21, 2024.
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