MBIA Inc Stock Forecast
MBIA Inc stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The MBIA Inc stock price gained 4.61% on the last trading day (Wednesday, 24th Apr 2024), rising from $6.29 to $6.58. During the last trading day the stock fluctuated 5.44% from a day low at $6.25 to a day high of $6.59. The price has been going up and down for this period, and there has been a 5.62% gain for the last 2 weeks. Volume fell on the last day by -100 thousand shares and in total, 401 thousand shares were bought and sold for approximately $2.64 million. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect MBIA Inc stock with a 90% probability to be traded between $6.01 and $6.83 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MBI Signals & Forecast
The MBIA Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.21 and $6.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.76%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for MBIA Inc stock
MBIA Inc finds support from accumulated volume at $6.53 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 $0.340 between high and low, or 5.44%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: $6.36 (-3.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (MBI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect MBIA Inc to open at $6.47, and during the day (based on 14 day Average True Range), to move between $6.34 and $6.82, which gives a possible trading interval of +/-$0.243 (+/-3.70%) up or down from last closing price. If MBIA Inc takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.53 (0.76%) than the resistance at $6.66 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MBIA Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MBIA Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.301 Buy Candidate Upgraded
Predicted Opening Price for MBIA Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $6.47 ( 1.62%) | $6.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.81 | 3.55 % | |
| R2 | 6.68 | 1.57 % | ||
| R1 | 6.60 | 0.353 % | ||
| Current price: | 6.58 | |||
| Support | S1 | 6.34 | -3.59 % | |
| S2 | 6.26 | -4.81 % | ||
| S3 | 6.13 | -6.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.76 | 2.74 % | |
| R2 | 6.71 | 1.98 % | ||
| R1 | 6.66 | 1.22 % | ||
| Current price | 6.58 | |||
| Support | S1 | 6.53 | -0.760% | |
| S2 | 6.37 | -3.19% | ||
| S3 | 6.29 | -4.41% |
MBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 07, 2023 | Dec 26, 2023 | Dec 26, 2023 | $8.00 | 119.94% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 22, 2023 | $8.00 | 56.38% |
| 3 | Dec 06, 2007 | Dec 19, 2007 | Jan 15, 2008 | $0.340 | 2.12% |
| 4 | Sep 06, 2007 | Sep 19, 2007 | Oct 15, 2007 | $0.340 | 0.521% |
| 5 | Jun 07, 2007 | Jun 20, 2007 | Jul 16, 2007 | $0.340 | 0.561% |
FAQ
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