Mannatech Stock Forecast
Evaluation of Mannatech stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
No changes to the price of Mannatech stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $8.20 to a day high of $8.20. The price has been going up and down for this period, and there has been a -6.82% loss for the last 2 weeks.
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 -9.22% during the next 3 months and, with a 90% probability hold a price between $7.03 and $8.16 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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MTEX Signals & Forecast
There are mixed signals in the stock today. The Mannatech 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 $8.36 and $8.60. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Mannatech stock
Mannatech finds support from accumulated volume at $8.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTEX) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Mannatech to open at $8.20, and during the day (based on 14 day Average True Range), to move between $8.00 and $8.40, which gives a possible trading interval of +/-$0.199 (+/-2.42%) up or down from last closing price. If Mannatech takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.16 (0.49%) than the resistance at $9.02 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mannatech stock A Buy?
Mannatech 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: -2.382 Sell Candidate Downgraded
Predicted Opening Price for Mannatech of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $8.20 ( 0%) | $8.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTEX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.20 | . | |
| R2 | 8.20 | . | ||
| R1 | 8.20 | . | ||
| Current price: | 8.20 | |||
| Support | S1 | 8.20 | . | |
| S2 | 8.20 | . | ||
| S3 | 8.20 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.75 | 18.90 % | |
| R2 | 9.17 | 11.83 % | ||
| R1 | 9.02 | 10.00 % | ||
| Current price | 8.20 | |||
| Support | S1 | 8.16 | -0.488% | |
| S2 | 8.11 | -1.10% | ||
| S3 | 0 | . |
MTEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2023 | Jun 14, 2023 | Jun 29, 2023 | $0.200 | 1.59% |
| 2 | Mar 06, 2023 | Mar 15, 2023 | Mar 30, 2023 | $0.200 | 1.18% |
| 3 | Nov 11, 2022 | Dec 13, 2022 | Dec 28, 2022 | $0.200 | 1.10% |
| 4 | Aug 30, 2022 | Sep 13, 2022 | Sep 28, 2022 | $0.200 | 0.87% |
| 5 | Jun 03, 2022 | Jun 14, 2022 | Jun 29, 2022 | $0.200 | 1.28% |
FAQ
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