Mesa Laboratories Forecast and Stock Analysis
Technical MLAB stock analysis for Wednesday June 19, 2019.
Mesa Laboratories gained 6.16% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $209.75 to $222.67 During day the stock fluctuated 6.28% from a day low at $210.00 to a day high of $223.18. The price has risen in 6 of the last 10 days and is up by 9.23% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 15 146 more shares were traded than the day before. In total, 98 453 shares bought and sold for approximately $21.92 million.
- 30 day high of the MLAB stock price was $257.56 and low was $181.21.
- 90 day high was $263.27 and low was $181.21.
- 52 week high for the Mesa Laboratories - $263.27 and low - $167.34.
Mesa Laboratories lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.72% during the next 3 months and, with 90% probability hold a price between $174.41 and $241.83 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday June 14, 2019, which indicates further gains until a new top pivot has been found. 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. Mesa Laboratories holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $234.10. On a fall, the stock will find some support from the short-term average at $210.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Mesa Laboratories finds support from accumulated volume at $214.26.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $13.18 between high and low, or 6.28%. For the last week, the stock has had a daily average volatility of 5.54%.
Our recommended stoploss: $210.38 (-5.52%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
5.54 %Average volatility
Very Low Low Medium High Very High
Mesa Laboratories holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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|MLAB $222.67 ($12.92 6.16%)|
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