Masterflex SE Stock Forecast
Masterflex SE stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)
The Masterflex SE stock price fell by -0.450% on the last day (Monday, 17th Jun 2024) from 11.10€ to 11.05€. During the last trading day the stock fluctuated 0.91% from a day low at 11.00€ to a day high of 11.10€. The price has risen in 5 of the last 10 days and is up by 4.74% over the past 2 weeks. Volume has increased on the last day by 494 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately 11.05€ thousand.
The stock lies in the middle of a 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 15.87% during the next 3 months and, with a 90% probability hold a price between 12.21€ and 13.38€ at the end of this 3-month period.
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MZX.DE Signals & Forecast
The Masterflex SE stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 11.10€. On a fall, the stock will find some support from the long-term average at approximately 10.58€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -3.91%. Further fall is indicated until a new bottom pivot has been found. Masterflex SE gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Masterflex SE stock
Masterflex SE finds support from accumulated volume at 10.80€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.1000€ (0.91%) between high and low. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: 10.52€ (-4.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 55 days ago.)
Trading Expectations (MZX.DE) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Masterflex SE to open at 11.05€, and during the day (based on 14 day Average True Range), to move between 10.81€ and 11.29€, which gives a possible trading interval of +/-0.240€ (+/-2.17%) up or down from last closing price. If Masterflex SE takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.10€ (0.45%) than the support at 10.80€ (2.26%), 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 Masterflex SE stock A Buy?
Masterflex SE 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: 0.884 Hold/Accumulate Downgraded
Predicted Opening Price for Masterflex SE of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
11.05€ ( 0.00000000%) | 11.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MZX.DE
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 11.15 | 0.90% |
R2 | 11.11 | 0.559% |
R1 | 11.09 | 0.346% |
Price | 11.05 | |
S1 | 11.01 | -0.346% |
S2 | 10.99 | -0.559% |
S3 | 10.95 | -0.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 11.50 | 4.07% |
R1 | 11.10 | 0.452% |
Price | 11.05 | |
S1 | 10.80 | -2.26% |
S2 | 10.55 | -4.52% |
S3 | 10.10 | -8.60% |
MZX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 08, 2024 | Jul 08, 2024 | Jul 10, 2024 | 0.250€ | 2.26% |
2 | Jun 13, 2024 | Jun 13, 2024 | Jun 17, 2024 | 0.250€ | 2.26% |
3 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 0.200€ | 1.94% |
4 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | 0.120€ | 1.71% |
5 | May 20, 2021 | May 20, 2021 | May 20, 2021 | 0.0800€ | 1.05% |
FAQ
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