RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MYTE
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MYT Netherlands Parent B.V. stock price ended at $3.18 on Thursday, after gaining 0.95%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 0.95% PDF

The MYT Netherlands Parent B.V. stock price gained 0.95% on the last trading day (Thursday, 28th Mar 2024), rising from $3.15 to $3.18. During the last trading day the stock fluctuated 7.47% from a day low at $3.13 to a day high of $3.36. The price has fallen in 7 of the last 10 days and is down by -16.54% for this period. Volume fell on the last day by -2 thousand shares and in total, 30 thousand shares were bought and sold for approximately $95.38 thousand. 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 lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.33% during the next 3 months and, with a 90% probability hold a price between $3.57 and $4.94 at the end of this 3-month period.

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MYTE Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 0.95%. 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. The MYT Netherlands Parent B.V. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $3.49 and $3.35. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 MYT Netherlands Parent B.V. stock

MYT Netherlands Parent B.V. finds support from accumulated volume at $3.10 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.234 between high and low, or 7.47%. For the last week the stock has had daily average volatility of 8.61%.

MYT Netherlands Parent B.V. is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MYTE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MYT Netherlands Parent B.V. to open at $3.22, and during the day (based on 14 day Average True Range), to move between $2.93 and $3.43, which gives a possible trading interval of +/-$0.253 (+/-7.96%) up or down from last closing price. If MYT Netherlands Parent B.V. takes out the full calculated possible swing range there will be an estimated 15.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.10 (2.52%) than the resistance at $3.30 (3.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MYT Netherlands Parent B.V. stock A Buy?

The MYT Netherlands Parent B.V. stock holds several negative signals and despite the positive trend, we believe MYT Netherlands Parent B.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.088 Sell Candidate Unchanged

Predicted Opening Price for MYT Netherlands Parent B.V. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.22 ( 1.40%) $3.18

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

Trading levels for MYTE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.46 8.76 %
R2 3.37 5.95 %
R1 3.31 4.21 %
Current price: 3.18
Support S1 3.14 -1.41 %
S2 3.08 -3.14 %
S3 2.99 -5.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.83 20.44 %
R2 3.41 7.23 %
R1 3.30 3.77 %
Current price 3.18
Support S1 3.10 -2.52%
S2 2.83 -11.01%
S3 2.75 -13.52%

FAQ

What is the symbol for MYT Netherlands Parent B.V. Stock and on which exchange is it traded?
The symbol for MYT Netherlands Parent B.V. is MYTE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell MYT Netherlands Parent B.V. Stock?
The MYT Netherlands Parent B.V. stock holds several negative signals and despite the positive trend, we believe MYT Netherlands Parent B.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy MYT Netherlands Parent B.V. Stock?
MYT Netherlands Parent B.V. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MYT Netherlands Parent B.V. Stock.

What's the current price of MYT Netherlands Parent B.V. Stock?
As of the end of day on the 2024-03-28, the price of an MYT Netherlands Parent B.V. (MYTE) share was $3.18.

What is the 52-week high and low for MYT Netherlands Parent B.V. Stock?
The 52-week high for MYT Netherlands Parent B.V. Stock is $7.72 and the 52-week low is $2.05.

What is the market capitalization of MYT Netherlands Parent B.V. Stock?
As of the 2024-03-28, the market capitalization of MYT Netherlands Parent B.V. is 269.951M.

When is the next earnings date for MYT Netherlands Parent B.V.?
The upcoming earnings date for MYT Netherlands Parent B.V. is May 08, 2024.
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About MYT Netherlands Parent B.V.

MYT Netherlands Parent B.V. MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.... MYTE Profile

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