RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MIN.L
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High volatility in MFS Intermediate Income Trust stock price on Wednesday which ended trading at £0.700
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The MFS Intermediate Income Trust stock price fell by -3.45% on the last day (Wednesday, 27th Mar 2024) from £0.725 to £0.700. During the last trading day the stock fluctuated 10.78% from a day low at £0.665 to a day high of £0.737. The price has been going up and down for this period, and there has been a -3.45% loss for the last 2 weeks. Volume has increased on the last day by 518 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately £1.11 million.

The stock lies in the middle of a very 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 26.97% during the next 3 months and, with a 90% probability hold a price between £0.791 and £1.19 at the end of this 3-month period.

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MIN.L Signals & Forecast

There are mixed signals in the stock today. The MFS Intermediate Income Trust stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £0.717. On a fall, the stock will find some support from the short-term average at £0.692. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). MFS Intermediate Income Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Thursday, February 15, 2024, and so far it has risen 6.06%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for MFS Intermediate Income Trust stock

MFS Intermediate Income Trust finds support from accumulated volume at £0.675 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 £0.0717 between high and low, or 10.78%. For the last week, the stock has had daily average volatility of 9.14%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MIN.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect MFS Intermediate Income Trust to open at £0.701, and during the day (based on 14 day Average True Range), to move between £0.639 and £0.761, which gives a possible trading interval of +/-£0.0608 (+/-8.68%) up or down from last closing price. If MFS Intermediate Income Trust takes out the full calculated possible swing range there will be an estimated 17.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.675 (3.57%) than the resistance at £0.725 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MFS Intermediate Income Trust stock A Buy?

MFS Intermediate Income Trust 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 stock. 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 Sell candidate.

Current score: -3.894 Sell Candidate Downgraded

Predicted Opening Price for MFS Intermediate Income Trust of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£0.701 ( 0.0905%) £0.700

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MIN.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.772 10.33 %
R2 0.745 6.42 %
R1 0.728 4.00 %
Current price: 0.700
Support S1 0.673 -3.82 %
S2 0.656 -6.24 %
S3 0.629 -10.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.80 14.29 %
R2 0.749 6.93 %
R1 0.725 3.57 %
Current price 0.700
Support S1 0.675 -3.57%
S2 0.650 -7.14%
S3 0.625 -10.71%

FAQ

What is the symbol for MFS Intermediate Income Trust Stock and on which exchange is it traded?
The symbol for MFS Intermediate Income Trust is MIN.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell MFS Intermediate Income Trust Stock?
MFS Intermediate Income Trust 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 stock. 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 Sell candidate.

How to buy MFS Intermediate Income Trust Stock?
MFS Intermediate Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MFS Intermediate Income Trust Stock.

What's the current price of MFS Intermediate Income Trust Stock?
As of the end of day on the 2024-03-27, the price of an MFS Intermediate Income Trust (MIN.L) share was £0.700.

What is the 52-week high and low for MFS Intermediate Income Trust Stock?
The 52-week high for MFS Intermediate Income Trust Stock is £1.30 and the 52-week low is £0.411.

What is the market capitalization of MFS Intermediate Income Trust Stock?
As of the 2024-03-27, the market capitalization of MFS Intermediate Income Trust is 6.272M.

When is the next earnings date for MFS Intermediate Income Trust?
The upcoming earnings date for MFS Intermediate Income Trust is Apr 26, 2024.
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About MFS Intermediate Income Trust

MFS Intermediateome Trust Minoan Group Plc, together with its subsidiaries, designs, creates, develops, and manages luxury hotels and resorts. The company was formerly known as Loyalward Group Plc and changed its name to Minoan Group Plc in June 2005. Minoan Group Plc was incorporated in 1999 and is based in Croydon, the United Kingdom.... MIN.L Profile

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