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 MOV
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Movado Group Inc stock price up 3.48% on Wednesday
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 3.48% PDF

The Movado Group Inc stock price gained 3.48% on the last trading day (Wednesday, 27th Mar 2024), rising from $26.71 to $27.64. During the last trading day the stock fluctuated 2.91% from a day low at $26.98 to a day high of $27.76. The price has risen in 5 of the last 10 days and is up by 0.95% over the past 2 weeks. Volume fell on the last day by -72 thousand shares and in total, 336 thousand shares were bought and sold for approximately $9.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 -7.71% during the next 3 months and, with a 90% probability hold a price between $23.53 and $26.17 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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MOV Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.26%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Movado Group 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 $27.74. On a fall, the stock will find some support from the short-term average at $26.77. 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.

Support, Risk & Stop-loss for Movado Group Inc stock

Movado Group Inc finds support from accumulated volume at $27.48 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 $0.785 between high and low, or 2.91%. For the last week, the stock has had daily average volatility of 4.54%.

Our recommended stop-loss: $26.64 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (MOV) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Movado Group Inc to open at $27.46, and during the day (based on 14 day Average True Range), to move between $26.71 and $28.57, which gives a possible trading interval of +/-$0.93 (+/-3.35%) up or down from last closing price. If Movado Group Inc takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.79 (0.54%) than the support at $27.48 (0.58%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Movado Group Inc stock A Buy?

Movado Group Inc 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: 0.066 Hold/Accumulate Unchanged

Predicted Opening Price for Movado Group Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$27.46 ( 0.657%) $27.64

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

Trading levels for MOV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.24 2.18 %
R2 27.94 1.10 %
R1 27.76 0.428 %
Current price: 27.64
Support S1 27.16 -1.74 %
S2 26.97 -2.41 %
S3 26.67 -3.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 28.76 4.05 %
R2 28.71 3.87 %
R1 27.79 0.543 %
Current price 27.64
Support S1 27.48 -0.579%
S2 26.71 -3.36%
S3 26.66 -3.55%

MOV Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 29, 2023 Dec 11, 2023 Dec 26, 2023 $0.350 1.13%
2 Aug 24, 2023 Sep 06, 2023 Sep 21, 2023 $0.350 1.31%
3 May 25, 2023 Jun 06, 2023 Jun 21, 2023 $0.350 1.29%
4 Mar 23, 2023 Apr 04, 2023 Apr 19, 2023 $1.35 4.93%
5 Nov 22, 2022 Dec 01, 2022 Dec 16, 2022 $0.350 1.12%

FAQ

What is the symbol for Movado Group Inc Stock and on which exchange is it traded?
The symbol for Movado Group Inc is MOV and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Movado Group Inc Stock?
Movado Group Inc 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 Movado Group Inc Stock?
Movado Group 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 Movado Group Inc Stock.

What's the current price of Movado Group Inc Stock?
As of the end of day on the 2024-03-27, the price of an Movado Group Inc (MOV) share was $27.64.

What is the 52-week high and low for Movado Group Inc Stock?
The 52-week high for Movado Group Inc Stock is $31.44 and the 52-week low is $23.94.

What is the market capitalization of Movado Group Inc Stock?
As of the 2024-03-27, the market capitalization of Movado Group Inc is 431.098M.

When is the next earnings date for Movado Group Inc?
The upcoming earnings date for Movado Group Inc is May 23, 2024.
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About Movado Group Inc

Movado Group Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. The company operates in two segments, Watch and Accessory Brands, and Company Stores. It offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari. The company also provides after-sales and shipping services. Its customers includ... MOV Profile

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