Mattel Stock Forecast
Mattel stock price ended at $18.05 on Friday, after losing 0.660%.
(Updated on Apr 19, 2024)
The Mattel stock price fell by -0.660% on the last day (Friday, 19th Apr 2024) from $18.17 to $18.05. During the last trading day the stock fluctuated 1.42% from a day low at $17.99 to a day high of $18.25. The price has fallen in 7 of the last 10 days and is down by -6.53% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately $33.50 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.00 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.79% during the next 3 months and, with a 90% probability hold a price between $18.50 and $21.08 at the end of this 3-month period.
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MAT Signals & Forecast
The Mattel 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 $18.19 and $19.26. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.445%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Mattel stock
Mattel finds support from accumulated volume at $17.97 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.255 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 1.62%.
Mattel is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $16.87 (-6.53%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 16 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (MAT) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Mattel to open at $18.10, and during the day (based on 14 day Average True Range), to move between $17.70 and $18.40, which gives a possible trading interval of +/-$0.354 (+/-1.96%) up or down from last closing price. If Mattel takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.97 (0.44%) than the resistance at $19.02 (5.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Mattel will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.110. We will update the financials statements for Mattel, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.54% in the first trading day after earnings release.
Is Mattel stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.199 Buy Candidate Unchanged
Predicted Opening Price for Mattel of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$18.10 ( 0.249%) | $18.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.35 | 1.66 % | |
R2 | 18.25 | 1.12 % | ||
R1 | 18.19 | 0.789 % | ||
Current price: | 18.05 | |||
Support | S1 | 18.00 | -0.290 % | |
S2 | 17.94 | -0.624 % | ||
S3 | 17.84 | -1.16 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.34 | 7.15 % | |
R2 | 19.17 | 6.20 % | ||
R1 | 19.02 | 5.37 % | ||
Current price | 18.05 | |||
Support | S1 | 17.97 | -0.443% | |
S2 | 17.89 | -0.89% | ||
S3 | 17.79 | -1.44% |
MAT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2017 | Aug 21, 2017 | Sep 15, 2017 | $0.150 | 0.95% |
2 | Apr 20, 2017 | May 17, 2017 | Jun 09, 2017 | $0.380 | 1.71% |
3 | Jan 26, 2017 | Feb 14, 2017 | Mar 03, 2017 | $0.380 | 1.49% |
4 | Oct 19, 2016 | Nov 18, 2016 | Dec 09, 2016 | $0.380 | 1.29% |
5 | Jul 20, 2016 | Aug 19, 2016 | Sep 16, 2016 | $0.380 | 1.22% |
FAQ
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