Mammoth Energy Services Inc Stock Forecast
Green day on Thursday for Mammoth Energy Services Inc
(Updated on Mar 28, 2024)
The Mammoth Energy Services Inc stock price gained 0.275% on the last trading day (Thursday, 28th Mar 2024), rising from $3.63 to $3.64. During the last trading day the stock fluctuated 5.26% from a day low at $3.61 to a day high of $3.80. The price has risen in 7 of the last 10 days and is up by 2.54% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 50 thousand shares were bought and sold for approximately $182.59 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 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 -12.22% during the next 3 months and, with a 90% probability hold a price between $2.57 and $3.39 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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TUSK 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 Mammoth Energy Services Inc 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 $3.73 and $3.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.91%. 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 also not. The stock had a Golden Star Signal on Monday, March 18, 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 Monday, March 18, 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.
Support, Risk & Stop-loss for Mammoth Energy Services Inc stock
Mammoth Energy Services Inc finds support from accumulated volume at $3.60 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 controlled movements and therefore the general risk is considered 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 $0.190 between high and low, or 5.26%. For the last week the stock has had daily average volatility of 6.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TUSK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mammoth Energy Services Inc to open at $3.68, and during the day (based on 14 day Average True Range), to move between $3.44 and $3.84, which gives a possible trading interval of +/-$0.197 (+/-5.41%) up or down from last closing price. If Mammoth Energy Services Inc takes out the full calculated possible swing range there will be an estimated 10.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.60 (1.10%) than the resistance at $3.78 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mammoth Energy Services Inc stock A Buy?
Mammoth Energy Services Inc holds several negative signals and is within a very 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: -2.442 Sell Candidate Unchanged
Predicted Opening Price for Mammoth Energy Services Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$3.68 ( 1.19%) | $3.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUSK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.87 | 6.41 % | |
R2 | 3.80 | 4.42 % | ||
R1 | 3.76 | 3.18 % | ||
Current price: | 3.64 | |||
Support | S1 | 3.61 | -0.80 % | |
S2 | 3.57 | -2.04 % | ||
S3 | 3.49 | -4.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.39 | 20.60 % | |
R2 | 3.80 | 4.40 % | ||
R1 | 3.78 | 3.85 % | ||
Current price | 3.64 | |||
Support | S1 | 3.60 | -1.10% | |
S2 | 3.56 | -2.20% | ||
S3 | 3.51 | -3.57% |
TUSK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2019 | May 09, 2019 | May 17, 2019 | $0.125 | 0.89% |
2 | Jan 28, 2019 | Feb 06, 2019 | Feb 14, 2019 | $0.125 | 0.545% |
3 | Oct 30, 2018 | Nov 07, 2018 | Nov 15, 2018 | $0.125 | 0.495% |
4 | Jul 17, 2018 | Aug 06, 2018 | Aug 14, 2018 | $0.125 | 0.354% |
FAQ
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