Today MOV ranks # as BUY CANDIDATE.
Today MOV ranks # as BUY CANDIDATE.

MOV stock Movado Group Inc

MOV stock
Movado Group Inc

February 15, 2019
Change 3.27%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will MOV stock price go up or down on Tue, 19 Feb 2019?

Movado Group Inc Forecast and Stock Analysis

Technical MOV stock analysis for February 15, 2019.

Buy candidate since 2019-02-13 Gain 4.06%
Shorts 6.46% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 0.12
ROA 1.46

Movado Group Inc gained 3.27% in the last trading day, rising from $33.04 to $34.12 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 6.76% over the past 2 weeks. Volume fell in the last day by -14 386 shares, and in total, 246 816 shares bought and sold for approximately $8.42 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the MOV stock was $34.12. This is 3.27% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 3.80% from a day low at $33.09 to a day high of $34.35.

30 day high of the MOV stock price was $34.80 and low was $30.80.
90 day high was $44.39 and low was $28.76.
52 week high for the Movado Group Inc - $53.73 and low - $28.76.

Trend

Movado Group Inc 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 -11.71% during the next 3 months and, with 90% probability hold a price between $22.77 and $33.07 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Movado Group Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $32.50 and $32.65. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday February 06, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Wednesday January 16, 2019 in the short-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Movado Group Inc finds support from accumulated volume at $33.20.

Support: $33.20 Price: $34.12 Resistance: $36.88

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.26 (3.80%) between high and low. For the last week, the stock has had a daily average volatility of 3.03%.

Our recommended stoploss: $32.90 (-3.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Today MOV ranks # as BUY CANDIDATE.
Today MOV ranks # as BUY CANDIDATE.