Mattersight Corporation Fund Forecast
Red day on Wednesday for Mattersight Corporation fund after losing 0%
(Updated on Sep 12, 2018)
No changes to the price of Mattersight Corporation fund on the last trading day (Wednesday, 12th Sep 2018). During the last trading day the fund fluctuated 0% from a day low at $2.68 to a day high of $2.68. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fundis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $2.70 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Mattersight Corporation fund with a 90% probability to be traded between $2.54 and $2.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MATR Signals & Forecast
The Mattersight Corporation fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.68 and $2.65. A breakdown below any of these levels will issue sell signals. 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 Wednesday, August 15, 2018, and so far it has fallen -0.93%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Mattersight Corporation fund
Mattersight Corporation finds support from accumulated volume at $2.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MATR) For The Upcoming Trading Day Of Thursday 13th
For the upcoming trading day on Thursday, 13th we expect Mattersight Corporation to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.66 and $2.69, which gives a possible trading interval of +/-$0.0183 (+/-0.69%) up or down from last closing price. If Mattersight Corporation takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.68 (0.19%) than the support at $2.65 (0.93%), 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 Mattersight Corporation fund A Buy?
Mattersight Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -2.090 Sell Candidate Unchanged
Predicted Opening Price for Mattersight Corporation of Thursday, September 13, 2018
| Fair opening price September 13, 2018 | Current price |
|---|---|
| $2.68 ( 0.00000000%) | $2.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MATR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.68 | 0.00000000 % | |
| R2 | 2.68 | 0.00000000 % | ||
| R1 | 2.68 | 0.00000000 % | ||
| Current price: | 2.68 | |||
| Support | S1 | 2.68 | 0.00000000 % | |
| S2 | 2.68 | 0.00000000 % | ||
| S3 | 2.68 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 2.70 | 0.93 % | ||
| R1 | 2.68 | 0.187 % | ||
| Current price | 2.68 | |||
| Support | S1 | 2.65 | -0.93% | |
| S2 | 2.63 | -1.87% | ||
| S3 | 2.60 | -2.80% |
FAQ
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