RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MNTX
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Manitex International stock price took a fall of -7.17% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 19, 2024 Loss -1.29% PDF

The Manitex International stock price fell by -7.17% on the last day (Thursday, 28th Mar 2024) from $7.39 to $6.86. During the last trading day the stock fluctuated 7.60% from a day low at $6.81 to a day high of $7.33. The price has risen in 6 of the last 10 days and is up by 6.36% over the past 2 weeks. 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 -30 thousand shares and in total, 50 thousand shares were bought and sold for approximately $345.78 thousand.

The stock lies in the middle of a 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 -20.37% during the next 3 months and, with a 90% probability hold a price between $4.69 and $5.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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MNTX Signals & Forecast

The Manitex International stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.00. On a fall, the stock will find some support from the long-term average at approximately $6.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 9.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Manitex International stock

Manitex International finds support from accumulated volume at $6.84 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.518 between high and low, or 7.60%. For the last week the stock has had daily average volatility of 4.35%.

Our recommended stop-loss: $6.57 (-4.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (MNTX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Manitex International to open at $7.00, and during the day (based on 14 day Average True Range), to move between $6.51 and $7.21, which gives a possible trading interval of +/-$0.355 (+/-5.17%) up or down from last closing price. If Manitex International takes out the full calculated possible swing range there will be an estimated 10.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.84 (0.29%) than the resistance at $7.97 (16.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Manitex International stock A Buy?

Manitex International holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.951 Hold/Accumulate Unchanged

Predicted Opening Price for Manitex International of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.00 ( 2.05%) $6.86

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

Trading levels for MNTX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.52 9.60 %
R2 7.32 6.72 %
R1 7.20 4.94 %
Current price: 6.86
Support S1 6.80 -0.83 %
S2 6.68 -2.62 %
S3 6.48 -5.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.11 18.22 %
R2 8.00 16.62 %
R1 7.97 16.18 %
Current price 6.86
Support S1 6.84 -0.292%
S2 6.82 -0.583%
S3 6.47 -5.69%

FAQ

What is the symbol for Manitex International Stock and on which exchange is it traded?
The symbol for Manitex International is MNTX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Manitex International Stock?
Manitex International holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of Manitex International Stock?
As of the end of day on the 2024-03-28, the price of an Manitex International (MNTX) share was $6.86.

What is the 52-week high and low for Manitex International Stock?
The 52-week high for Manitex International Stock is $9.16 and the 52-week low is $3.72.

What is the market capitalization of Manitex International Stock?
As of the 2024-03-28, the market capitalization of Manitex International is 139.073M.

When is the next earnings date for Manitex International?
The upcoming earnings date for Manitex International is May 02, 2024.
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About Manitex International

Manitex International Manitex International, Inc. provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. It designs, manufactures, and distributes products that are used in various industries. The company also offers boom trucks, truck cranes, aerial platforms, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and comme... MNTX Profile

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