Mayr-Melnhof Karton AG 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
Evaluation of Mayr-Melnhof Karton AG stock downgraded after the last trading session.
(Updated on Jul 03, 2024)
The Mayr-Melnhof Karton AG stock price gained 0.89% on the last trading day (Wednesday, 3rd Jul 2024), rising from 112.60€ to 113.60€. During the last trading day the stock fluctuated 0% from a day low at 113.60€ to a day high of 113.60€. The price has been going up and down for this period, and there has been a 3.27% gain for the last 2 weeks.
The stock lies in the middle of a 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 -2.35% during the next 3 months and, with a 90% probability hold a price between 106.68€ and 113.79€ at the end of this 3-month period.
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MYM.F Signals & Forecast
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 Mayr-Melnhof Karton AG 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 113.83€ and 114.48€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -0.87%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mayr-Melnhof Karton AG stock
Mayr-Melnhof Karton AG finds support from accumulated volume at 112.80€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MYM.F) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Mayr-Melnhof Karton AG to open at 113.60€, and during the day (based on 14 day Average True Range), to move between 112.16€ and 115.04€, which gives a possible trading interval of +/-1.44€ (+/-1.27%) up or down from last closing price. If Mayr-Melnhof Karton AG takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 114.00€ (0.35%) than the support at 112.80€ (0.70%), 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 Mayr-Melnhof Karton AG stock A Buy?
Mayr-Melnhof Karton AG holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.360 Strong Sell Candidate Downgraded
Predicted Opening Price for Mayr-Melnhof Karton AG of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| 113.60€ ( 0.00000000%) | 113.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MYM.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 113.60 | 0.00000000% |
| R2 | 113.60 | 0.00000000% |
| R1 | 113.60 | 0.00000000% |
| Price | 113.60 | |
| S1 | 113.60 | 0.00000000% |
| S2 | 113.60 | 0.00000000% |
| S3 | 113.60 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 116.00 | 2.11% |
| R2 | 114.20 | 0.528% |
| R1 | 114.00 | 0.352% |
| Price | 113.60 | |
| S1 | 112.80 | -0.704% |
| S2 | 112.40 | -1.06% |
| S3 | 112.20 | -1.23% |
MYM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 08, 2024 | 1.50€ | 0% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | 4.20€ | 0% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | 3.50€ | 0% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | 3.20€ | 0% |
| 5 | May 06, 2020 | May 06, 2020 | May 06, 2020 | 3.20€ | 0% |
FAQ
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