Weaker Buy Today MMDM ranks #57 as BUY CANDIDATE. Stronger Buy
Today MMDM ranks #57 as BUY CANDIDATE.

MMDM stock Modern Media Acquisition Corp

MMDM stock
Modern Media Acquisition Corp

April 18, 2019
Change 0.38%
Chart period: 2019-01-22 - 2019-04-18
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will MMDM stock price go up or down on Mon, 22 Apr 2019?

Modern Media Acquisition Corp Forecast and Stock Analysis

Technical MMDM stock analysis for April 18, 2019.

Buy candidate since 2019-04-17 Gain 0.38%
Shorts n/a
Cash n/a
Loans n/a
Beta -0.03
ROA 0.97

Modern Media Acquisition Corp gained 0.38% in the last trading day, 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. The price has risen in 6 of the last 10 days and is up by 0.82% over the past 2 weeks. Volume fell in the last day by -79 042 shares, and in total, 104 297 shares bought and sold for approximately $1.09 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the MMDM stock was $10.44. This is 0.38% more than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 0.77% from a day low at $10.37 to a day high of $10.45.

30 day high of the MMDM stock price was $10.45 and low was $10.30.
90 day high was $10.45 and low was $10.24.
52 week high for the Modern Media Acquisition Corp - $10.45 and low - $9.85.

Trend

Modern Media Acquisition Corp is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $10.44 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Modern Media Acquisition Corp with 90% probability to be traded between $10.46 and $10.58 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

Modern Media Acquisition Corp holds buy signals from both short- and long-term moving averages. In addition, 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 $10.38 and $10.34. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 03, 2019, which indicates further gains 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Modern Media Acquisition Corp finds support from accumulated volume at $10.40.

Support: $10.40 Price: $10.44

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $9.91 (-5.07%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Modern Media Acquisition Corp holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today MMDM ranks #57 as BUY CANDIDATE. Stronger Buy
Today MMDM ranks #57 as BUY CANDIDATE.