Momo Inc. Stock Forecast
Red day on Thursday for Momo Inc.
(Updated on Apr 25, 2024)
The Momo Inc. stock price fell by -0.694% on the last day (Thursday, 25th Apr 2024) from $5.76 to $5.72. During the last trading day the stock fluctuated 2.50% from a day low at $5.61 to a day high of $5.75. The price has risen in 6 of the last 10 days and is up by 3.25% over the past 2 weeks. Volume has increased on the last day by 287 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, 1 million shares were bought and sold for approximately $5.85 million.
The stock 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 -6.58% during the next 3 months and, with a 90% probability hold a price between $4.88 and $6.93 at the end of this 3-month period.
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MOMO Signals & Forecast
There are mixed signals in the stock today. The Momo Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.07. On a fall, the stock will find some support from the short-term average at $5.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 7.92%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Momo Inc. stock
Momo Inc. finds support from accumulated volume at $5.54 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 $0.140 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOMO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Momo Inc. to open at $5.69, and during the day (based on 14 day Average True Range), to move between $5.49 and $5.95, which gives a possible trading interval of +/-$0.232 (+/-4.06%) up or down from last closing price. If Momo Inc. takes out the full calculated possible swing range there will be an estimated 8.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.54 (3.15%) than the resistance at $5.93 (3.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Momo Inc. stock A Buy?
Momo Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.926 Sell Candidate Unchanged
Predicted Opening Price for Momo Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $5.69 ( 0.466%) | $5.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOMO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.83 | 1.98 % | |
| R2 | 5.78 | 1.05 % | ||
| R1 | 5.75 | 0.469 % | ||
| Current price: | 5.72 | |||
| Support | S1 | 5.64 | -1.40 % | |
| S2 | 5.61 | -1.98 % | ||
| S3 | 5.55 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.97 | 4.37 % | |
| R2 | 5.96 | 4.20 % | ||
| R1 | 5.93 | 3.67 % | ||
| Current price | 5.72 | |||
| Support | S1 | 5.54 | -3.15% | |
| S2 | 5.45 | -4.72% | ||
| S3 | 5.30 | -7.34% |
MOMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 30, 2024 | $0.520 | 9.11% |
| 2 | Mar 16, 2023 | Apr 27, 2023 | May 22, 2023 | $0.720 | 8.32% |
| 3 | Mar 30, 2022 | Apr 12, 2022 | Apr 29, 2022 | $0.640 | 12.03% |
| 4 | Mar 26, 2021 | Apr 12, 2021 | Apr 30, 2021 | $0.640 | 4.37% |
| 5 | Mar 19, 2020 | Apr 07, 2020 | Apr 30, 2020 | $0.760 | 3.16% |
FAQ
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