MMDM Forecast and Technical Stock Analysis
Hold candidate since 2019-08-22 Gain 0.37%
Modern Media Acquisition Corp gained 0.37% in the last trading day ( Friday, 23rd Aug 2019 ), rising from $10.40 to $10.44 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 13.46% from a day low at $10.40 to a day high of $11.80. The price has risen in 5 of the last 10 days , but is still down by -0.36% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 569 more shares were traded than the day before. In total, 20 926 shares bought and sold for approximately $218 428.00.
- 30 day high of the MMDM stock price was $11.80 and low was $9.10.
- 90 day high was $13.68 and low was $9.10.
- 52 week high for Modern Media Acquisition Corp - $13.68 and low - $9.10.
Modern Media Acquisition Corp 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 -3.12% during the next 3 months and, with 90% probability hold a price between $9.17 and $12.26 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Modern Media Acquisition Corp has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Modern Media Acquisition Corp holds a buy signal 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 $10.69. On a fall, the stock will find some support from the short-term average at $10.31. 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 49 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Modern Media Acquisition Corp finds support from accumulated volume at $10.43.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.40 (13.46%) between high and low. For the last week, the stock has had daily average volatility of 4.39%.
Our recommended stop-loss: $9.98 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 7 days ago.)
4.39 %Average volatility
Very Low Low Medium High Very High
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!