MDC Holdings Inc Stock Forecast
Green day on Wednesday for MDC Holdings Inc stock after gaining 0.0637%
(Updated on Mar 27, 2024)
The MDC Holdings Inc stock price gained 0.0637% on the last trading day (Wednesday, 27th Mar 2024), rising from $62.83 to $62.87. During the last trading day the stock fluctuated 0.111% from a day low at $62.87 to a day high of $62.94. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 62 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $62.89 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.64% during the next 3 months and, with a 90% probability hold a price between $67.93 and $78.72 at the end of this 3-month period.
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MDC Signals & Forecast
The MDC Holdings Inc stock 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 $62.83 and $62.59. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, January 22, 2024, and so far it has fallen -0.206%. 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).
Support, Risk & Stop-loss for MDC Holdings Inc stock
MDC Holdings Inc finds support from accumulated volume at $62.84 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0700 between high and low, or 0.111%. For the last week the stock has had daily average volatility of 0.119%.
Our recommended stop-loss: $59.54 (-5.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (MDC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect MDC Holdings Inc to open at $62.89, and during the day (based on 14 day Average True Range), to move between $62.67 and $63.07, which gives a possible trading interval of +/-$0.196 (+/-0.31%) up or down from last closing price. If MDC Holdings Inc takes out the full calculated possible swing range there will be an estimated 0.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $62.84 (0.05%) than the resistance at $63.00 (0.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MDC Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MDC Holdings Inc stock to perform well in the short-term.
Current score: 1.894 Buy Candidate Unchanged
Predicted Opening Price for MDC Holdings Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$62.89 ( 0.0371%) | $62.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 62.96 | 0.148 % | |
R2 | 62.94 | 0.106 % | ||
R1 | 62.92 | 0.0796 % | ||
Current price: | 62.87 | |||
Support | S1 | 62.87 | -0.0054 % | |
S2 | 62.85 | -0.0317 % | ||
S3 | 62.82 | -0.0742 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 63.00 | 0.207 % | ||
Current price | 62.87 | |||
Support | S1 | 62.84 | -0.0477% | |
S2 | 62.70 | -0.270% | ||
S3 | 62.62 | -0.398% |
MDC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 17, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.550 | 0.88% |
2 | Oct 23, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.550 | 1.25% |
3 | Jul 24, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.550 | 1.17% |
4 | Apr 17, 2023 | May 09, 2023 | May 24, 2023 | $0.500 | 1.24% |
5 | Jan 23, 2023 | Feb 07, 2023 | Feb 22, 2023 | $0.500 | 1.36% |
FAQ
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