PT Bank Mandiri (Persero) Tbk Stock Forecast
Red day on Wednesday for PT Bank Mandiri (Persero) Tbk
(Updated on May 22, 2024)
The PT Bank Mandiri (Persero) Tbk stock price fell by -0.266% on the last day (Wednesday, 22nd May 2024) from $15.02 to $14.98. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.47% from a day low at $14.98 to a day high of $15.65. The price has fallen in 7 of the last 10 days and is down by -5.07% for this period. Volume has increased on the last day by 13 thousand 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, 49 thousand shares were bought and sold for approximately $738.48 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.72 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.26% during the next 3 months and, with a 90% probability hold a price between $12.33 and $13.70 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PPERY Signals & Forecast
There are few to no technical positive signals at the moment. The PT Bank Mandiri (Persero) Tbk 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 $15.63 and $16.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -13.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). PT Bank Mandiri (Persero) Tbk 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".
Support, Risk & Stop-loss for PT Bank Mandiri (Persero) Tbk stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.670 between high and low, or 4.47%. For the last week, the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PPERY) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect PT Bank Mandiri (Persero) Tbk to open at $15.20, and during the day (based on 14 day Average True Range), to move between $14.33 and $15.63, which gives a possible trading interval of +/-$0.650 (+/-4.34%) up or down from last closing price. If PT Bank Mandiri (Persero) Tbk takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $15.38, some $0.400 (2.67%) from the current price of $14.98, our system finds the risk reward not very attractive.
Is PT Bank Mandiri (Persero) Tbk stock A Buy?
PT Bank Mandiri (Persero) Tbk holds several negative signals and is within a wide 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: -4.152 Sell Candidate Unchanged
Predicted Opening Price for PT Bank Mandiri (Persero) Tbk of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $15.20 ( 1.49%) | $14.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPERY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.87 | 5.96 % | |
| R2 | 15.62 | 4.25 % | ||
| R1 | 15.46 | 3.20 % | ||
| Current price: | 14.98 | |||
| Support | S1 | 14.95 | -0.218 % | |
| S2 | 14.79 | -1.27 % | ||
| S3 | 14.53 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.07 | 20.65 % | |
| R2 | 17.94 | 19.76 % | ||
| R1 | 15.38 | 2.67 % | ||
| Current price | 14.98 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PPERY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 12, 2024 | $0.676 | 4.06% |
| 2 | Jun 23, 2023 | Mar 24, 2023 | Apr 27, 2023 | $0.689 | 4.84% |
| 3 | Mar 19, 2022 | Mar 24, 2022 | Apr 21, 2022 | $0.504 | 4.46% |
| 4 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | $0.305 | 3.38% |
| 5 | Feb 28, 2020 | Feb 28, 2020 | Feb 28, 2020 | $0.514 | 5.14% |
FAQ
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