Maximus Inc Stock Forecast
Red day on Monday for Maximus Inc
(Updated on Mar 18, 2024)
The Maximus Inc stock price fell by -0.535% on the last day (Monday, 18th Mar 2024) from $82.30 to $81.86. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.02% from a day low at $81.56 to a day high of $82.39. The price has fallen in 7 of the last 10 days and is down by -4.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -386 thousand shares and in total, 293 thousand shares were bought and sold for approximately $24.01 million.
The stock lies in the middle of a weak 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 3.31% during the next 3 months and, with a 90% probability hold a price between $81.82 and $88.79 at the end of this 3-month period.
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MMS Signals & Forecast
There are few to no technical positive signals at the moment. The Maximus Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $83.72 and $82.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -4.39%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Maximus Inc stock
Maximus Inc finds support from accumulated volume at $78.82 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 $0.83 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MMS) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Maximus Inc to open at $81.94, and during the day (based on 14 day Average True Range), to move between $80.33 and $83.39, which gives a possible trading interval of +/-$1.53 (+/-1.87%) up or down from last closing price. If Maximus Inc takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $82.30 (0.54%) than the support at $78.82 (3.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Maximus Inc stock A Buy?
The Maximus Inc stock holds several negative signals and despite the positive trend, we believe Maximus Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.018 Sell Candidate Unchanged
Predicted Opening Price for Maximus Inc of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$81.94 ( 0.0937%) | $81.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MMS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.77 | 1.11 % | |
R2 | 82.45 | 0.720 % | ||
R1 | 82.25 | 0.481 % | ||
Current price: | 81.86 | |||
Support | S1 | 81.62 | -0.294 % | |
S2 | 81.42 | -0.533 % | ||
S3 | 81.11 | -0.92 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 82.60 | 0.90 % | |
R2 | 82.57 | 0.87 % | ||
R1 | 82.30 | 0.538 % | ||
Current price | 81.86 | |||
Support | S1 | 78.82 | -3.71% | |
S2 | 78.41 | -4.21% | ||
S3 | 77.82 | -4.94% |
MMS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 11, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.300 | 0.359% |
2 | Oct 10, 2023 | Nov 14, 2023 | Nov 30, 2023 | $0.300 | 0.359% |
3 | Jul 11, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.280 | 0.346% |
4 | Apr 11, 2023 | May 12, 2023 | May 31, 2023 | $0.280 | 0.346% |
5 | Jan 10, 2023 | Feb 14, 2023 | Feb 28, 2023 | $0.280 | 0.341% |
FAQ
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