Monolithic Power Systems Stock Forecast
Red day on Friday for Monolithic Power Systems stock after losing 4.64%
(Updated on Apr 19, 2024)
The Monolithic Power Systems stock price fell by -4.64% on the last day (Friday, 19th Apr 2024) from $620.31 to $591.52. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.38% from a day low at $587.53 to a day high of $619.16. The price has fallen in 6 of the last 10 days and is down by -9.6% for this period. Volume has increased on the last day by 8 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, 655 thousand shares were bought and sold for approximately $387.55 million.
Given the current horizontal trend, you can expect Monolithic Power Systems stock with a 90% probability to be traded between $587.55 and $759.96 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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MPWR 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 Monolithic Power Systems 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 $642.04 and $679.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -22.94%. 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 Monolithic Power Systems stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $31.63 (5.38%) between high and low. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MPWR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Monolithic Power Systems to open at $599.40, and during the day (based on 14 day Average True Range), to move between $566.85 and $616.19, which gives a possible trading interval of +/-$24.67 (+/-4.17%) up or down from last closing price. If Monolithic Power Systems takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $650.28, some $58.76 (9.93%) from the current price of $591.52, our system finds the risk reward not very attractive.
Is Monolithic Power Systems stock A Buy?
Monolithic Power Systems holds several negative signals and is within a very 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.
Current score: -3.824 Sell Candidate Unchanged
Predicted Opening Price for Monolithic Power Systems of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $599.40 ( 1.33%) | $591.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MPWR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 631.03 | 6.68 % | |
| R2 | 618.95 | 4.64 % | ||
| R1 | 611.49 | 3.38 % | ||
| Current price: | 591.52 | |||
| Support | S1 | 587.32 | -0.710 % | |
| S2 | 579.86 | -1.97 % | ||
| S3 | 567.77 | -4.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 737.07 | 24.61 % | |
| R2 | 686.99 | 16.14 % | ||
| R1 | 650.28 | 9.93 % | ||
| Current price | 591.52 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MPWR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $1.25 | 0.193% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 15, 2024 | $1.00 | 0.173% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 13, 2023 | $1.00 | 0.210% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $1.00 | 0.177% |
| 5 | Feb 08, 2023 | Mar 30, 2023 | Apr 14, 2023 | $1.00 | 0.210% |
FAQ
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