Marchex Stock Forecast
Evaluation of Marchex stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The Marchex stock price fell by -1.44% on the last day (Thursday, 28th Mar 2024) from $1.39 to $1.37. During the last trading day the stock fluctuated 2.15% from a day low at $1.37 to a day high of $1.40. The price has risen in 5 of the last 10 days and is up by 5.38% over the past 2 weeks. 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 -25 thousand shares and in total, 11 thousand shares were bought and sold for approximately $15.30 thousand.
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 Marchex stock with a 90% probability to be traded between $1.26 and $1.53 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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MCHX Signals & Forecast
The Marchex stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.38. On a fall, the stock will find some support from the long-term average at approximately $1.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.24%. Further rise is indicated until a new top pivot has been found. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Marchex stock
Marchex finds support from accumulated volume at $1.35 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0294 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 4.61%.
Our recommended stop-loss: $1.30 (-5.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (MCHX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Marchex to open at $1.38, and during the day (based on 14 day Average True Range), to move between $1.28 and $1.46, which gives a possible trading interval of +/-$0.0857 (+/-6.25%) up or down from last closing price. If Marchex takes out the full calculated possible swing range there will be an estimated 12.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.38 (0.73%) than the support at $1.35 (1.46%), 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 Marchex stock A Buy?
Marchex holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.690 Hold/Accumulate Downgraded
Predicted Opening Price for Marchex of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.38 ( 0.715%) | $1.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCHX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.41 | 2.86 % | |
R2 | 1.40 | 2.04 % | ||
R1 | 1.39 | 1.54 % | ||
Current price: | 1.37 | |||
Support | S1 | 1.37 | -0.104 % | |
S2 | 1.36 | -0.611 % | ||
S3 | 1.35 | -1.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.41 | 2.92 % | |
R2 | 1.39 | 1.46 % | ||
R1 | 1.38 | 0.730 % | ||
Current price | 1.37 | |||
Support | S1 | 1.35 | -1.46% | |
S2 | 1.25 | -8.76% | ||
S3 | 1.23 | -10.22% |
MCHX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2017 | Mar 07, 2018 | Mar 21, 2018 | $0.500 | 17.61% |
2 | Apr 15, 2015 | May 05, 2015 | May 18, 2015 | $0.0200 | 0.390% |
3 | Jan 16, 2015 | Feb 04, 2015 | Feb 17, 2015 | $0.0200 | 0.460% |
4 | Oct 17, 2014 | Nov 05, 2014 | Nov 18, 2014 | $0.0200 | 0.548% |
5 | Jul 17, 2014 | Aug 01, 2014 | Aug 15, 2014 | $0.0200 | 0.216% |
FAQ
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