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AI Analysis of MOH
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Weaker technical forecast for Molina Healthcare Inc as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)

Sell candidate since Apr 25, 2024 PDF

The Molina Healthcare Inc stock price fell by -4.11% on the last day (Thursday, 25th Apr 2024) from $367.41 to $352.30. During the last trading day the stock fluctuated 9.37% from a day low at $339.21 to a day high of $370.99. The price has been going up and down for this period, and there has been a -6.5% loss for the last 2 weeks. Volume has increased on the last day by 474 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 910 thousand shares were bought and sold for approximately $320.53 million.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $351.51 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Molina Healthcare Inc stock with a 90% probability to be traded between $351.89 and $420.17 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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MOH Signals & Forecast

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. The Molina Healthcare Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $361.87 and $388.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -16.03%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Molina Healthcare Inc stock

Molina Healthcare Inc finds support from accumulated volume at $351.10 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $31.78 between high and low, or 9.37%. For the last week, the stock has had daily average volatility of 3.14%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MOH) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Molina Healthcare Inc to open at $354.17, and during the day (based on 14 day Average True Range), to move between $342.34 and $362.26, which gives a possible trading interval of +/-$9.96 (+/-2.83%) up or down from last closing price. If Molina Healthcare Inc takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $351.10 (0.34%) than the resistance at $360.85 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Molina Healthcare Inc stock A Buy?

Molina Healthcare Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.500 Sell Candidate Downgraded

Predicted Opening Price for Molina Healthcare Inc of Friday, April 26, 2024

Fair opening price April 26, 2024 Current price
$354.17 ( 0.530%) $352.30

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

Trading levels for MOH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 385.95 9.55 %
R2 373.81 6.10 %
R1 366.31 3.98 %
Current price: 352.30
Support S1 342.03 -2.92 %
S2 334.53 -5.04 %
S3 322.39 -8.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 392.63 11.45 %
R2 381.49 8.29 %
R1 360.85 2.43 %
Current price 352.30
Support S1 351.10 -0.341%
S2 0 .
S3 0 .

FAQ

What is the symbol for Molina Healthcare Inc Stock and on which exchange is it traded?
The symbol for Molina Healthcare Inc is MOH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Molina Healthcare Inc Stock?
Molina Healthcare Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

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

What's the current price of Molina Healthcare Inc Stock?
As of the end of day on the Apr 25, 2024, the price of an Molina Healthcare Inc (MOH) share was $352.30.

What is the 52-week high and low for Molina Healthcare Inc Stock?
The 52-week high for Molina Healthcare Inc Stock is $423.92 and the 52-week low is $266.35.

What is the market capitalization of Molina Healthcare Inc Stock?
As of the Apr 25, 2024, the market capitalization of Molina Healthcare Inc is 20.639B.

When is the next earnings date for Molina Healthcare Inc?
The upcoming earnings date for Molina Healthcare Inc is Jul 24, 2024.
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About Molina Healthcare Inc

Molina Healthcare Molina Healthcare, Inc. provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments, Medicaid, Medicare, Marketplace, and Other. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 s... MOH Profile

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