VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (1 opinions)
100%
0%
Social Sentiment 0.00

MOV Forecast and Technical Stock Analysis

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Sell candidate since 2019-07-01 Loss -2.81%

Movado Group Inc gained 0.78% in the last trading day ( Friday, 19th Jul 2019 ), rising from $25.77 to $25.97 During the day the stock fluctuated 2.46% from a day low at $25.45 to a day high of $26.08. The price has fallen in 6 of the last 10 days and is down by -4.45% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 34 599 more shares were traded than the day before. In total, 117 757 shares bought and sold for approximately $3.06 million.

Quick summary:

  • 30 day high of the MOV stock price was $27.86 and low was $25.45.
  • 90 day high was $37.01 and low was $24.48.
  • 52 week high for Movado Group Inc - $52.10 and low - $24.48.
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Trend

Movado Group Inc lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $27.33 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -30.26% during the next 3 months and, with 90% probability hold a price between $13.37 and $19.06 at the end of this period.

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Signals

There are mixed signals in the stock today. Movado Group Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $26.37 and $26.34. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

A sell signal from a double top formation was found on Friday July 12, 2019 and based on theory for this formation the price should fall by -1.76% to $25.42 within 5 trading days since signal was issued (Friday July 19, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 40 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Movado Group Inc finds support from accumulated volume at $25.76.

Support: $25.76 Price: $25.97 Resistance: $26.36

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.63 (2.46%) between high and low. For the last week, the stock has had daily average volatility of 3.21%.

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

3.21 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Movado Group 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.

Stronger Sell Today MOV ranks #3743 as SELL CANDIDATE #3743 Weaker Sell

Will MOV stock price go up or down on Tue, 23 Jul 2019?

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