MSA Safety Incorporporated Stock Forecast
Evaluation of MSA Safety Incorporporated stock downgraded after the last trading session.
(Updated on Apr 22, 2024)
The MSA Safety Incorporporated stock price gained 1.26% on the last trading day (Monday, 22nd Apr 2024), rising from $185.38 to $187.72. During the last trading day the stock fluctuated 2.36% from a day low at $185.31 to a day high of $189.68. The price has fallen in 8 of the last 10 days and is down by -3.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 80 thousand shares were bought and sold for approximately $14.98 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $185.80 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.14% during the next 3 months and, with a 90% probability hold a price between $213.93 and $229.66 at the end of this 3-month period.
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MSA Signals & Forecast
There are mixed signals in the stock today. The MSA Safety Incorporporated 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 $188.28. On a fall, the stock will find some support from the short-term average at $187.09. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for MSA Safety Incorporporated stock
On the downside, the stock finds support just below today's level from accumulated volume at $177.94 and $176.48. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MSA Safety Incorporporated finds support just below today's level at $177.94. If this is broken, then the next support from accumulated volume will be at $176.48 and $169.62.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $4.37 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect MSA Safety Incorporporated to open at $187.57, and during the day (based on 14 day Average True Range), to move between $184.48 and $190.96, which gives a possible trading interval of +/-$3.24 (+/-1.72%) up or down from last closing price. If MSA Safety Incorporporated takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $190.92 (1.70%) than the support at $177.94 (5.21%), 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 MSA Safety Incorporporated stock A Buy?
MSA Safety Incorporporated 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.570 Sell Candidate Downgraded
Predicted Opening Price for MSA Safety Incorporporated of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$187.57 ( 0.0799%) | $187.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 191.94 | 2.25 % | |
R2 | 190.27 | 1.36 % | ||
R1 | 189.24 | 0.81 % | ||
Current price: | 187.72 | |||
Support | S1 | 185.90 | -0.97 % | |
S2 | 184.87 | -1.52 % | ||
S3 | 183.20 | -2.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 194.81 | 3.78 % | |
R2 | 193.85 | 3.27 % | ||
R1 | 190.92 | 1.70 % | ||
Current price | 187.72 | |||
Support | S1 | 177.94 | -5.21% | |
S2 | 176.48 | -5.99% | ||
S3 | 169.62 | -9.64% |
MSA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 16, 2024 | Feb 14, 2024 | Mar 10, 2024 | $0.470 | 0.253% |
2 | Oct 27, 2023 | Nov 14, 2023 | Dec 10, 2023 | $0.470 | 0.275% |
3 | Aug 01, 2023 | Aug 15, 2023 | Sep 10, 2023 | $0.470 | 0.274% |
4 | May 02, 2023 | May 15, 2023 | Jun 10, 2023 | $0.470 | 0.305% |
5 | Feb 03, 2023 | Feb 13, 2023 | Mar 10, 2023 | $0.460 | 0.345% |
FAQ
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