Mcp Master Income Trust Stock Forecast
Red day on Friday for Mcp Master Income Trust
(Updated on Apr 26, 2024)
No changes to the price of Mcp Master Income Trust stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0.490% from a day low at $2.04 to a day high of $2.05. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mcp Master Income Trust stock with a 90% probability to be traded between $2.03 and $2.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MXT.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 0.490%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. 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.
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.
A buy signal from a double bottom formation was found on Wednesday, April 10, 2024 and based on theory for this formation the price should go up by 0.300% to $2.06 within 32 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Mcp Master Income Trust stock
Mcp Master Income Trust finds support from accumulated volume at $2.04 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 $0.0100 between high and low, or 0.490%. For the last week the stock has had daily average volatility of 0.490%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MXT.AX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Mcp Master Income Trust to open at $2.05, and during the day (based on 14 day Average True Range), to move between $2.04 and $2.06, which gives a possible trading interval of +/-$0.0118 (+/-0.58%) 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 1.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.04 (0.49%) than the resistance at $2.06 (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mcp Master Income Trust stock A Buy?
Mcp Master Income Trust holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.734 Sell Candidate Unchanged
Predicted Opening Price for Mcp Master Income Trust of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $2.05 ( 0.163%) | $2.05 |
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 | 2.06 | 0.325 % | |
| R2 | 2.05 | 0.139 % | ||
| R1 | 2.05 | 0.0237 % | ||
| Current price: | 2.05 | |||
| Support | S1 | 2.04 | -0.349 % | |
| S2 | 2.04 | -0.464 % | ||
| S3 | 2.04 | -0.650 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 2.07 | 0.98 % | ||
| R1 | 2.06 | 0.488 % | ||
| Current price | 2.05 | |||
| Support | S1 | 2.04 | -0.488% | |
| S2 | 2.03 | -0.98% | ||
| S3 | 0 | . |
MXT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 08, 2024 | $0.0149 | 0.727% |
| 2 | Apr 02, 2024 | Apr 02, 2024 | Apr 09, 2024 | $0.0135 | 0.659% |
| 3 | Feb 29, 2024 | Feb 29, 2024 | Mar 08, 2024 | $0.0144 | 0.706% |
| 4 | Jan 31, 2024 | Jan 31, 2024 | Feb 08, 2024 | $0.0155 | 0.752% |
| 5 | Dec 29, 2023 | Dec 29, 2023 | Dec 29, 2023 | $0.0152 | 0.741% |
FAQ
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