Manitowoc Company, Inc Stock Forecast
Manitowoc Company, Inc stock price ended at £792.00 on Wednesday, after losing 0%.
(Updated on Apr 24, 2024)
No changes to the price of Manitowoc Company, Inc stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0.506% from a day low at £790.00 to a day high of £794.00. The price has been going up and down for this period, and there has been a -0.13% loss for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 46.97% during the next 3 months and, with a 90% probability hold a price between £1,058.68 and £1,387.42 at the end of this 3-month period.
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MTW.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -0.752%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The Manitowoc Company, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £791.43 and £774.51. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Manitowoc Company, Inc stock
Manitowoc Company, Inc finds support from accumulated volume at £790.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £4.00 between high and low, or 0.506%. For the last week the stock has had daily average volatility of 0.486%.
Our recommended stop-loss: £733.94 (-7.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (MTW.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Manitowoc Company, Inc to open at £792.00, and during the day (based on 14 day Average True Range), to move between £784.99 and £799.01, which gives a possible trading interval of +/-£7.01 (+/-0.89%) up or down from last closing price. If Manitowoc Company, Inc takes out the full calculated possible swing range there will be an estimated 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £793.00 (0.13%) than the support at £790.00 (0.25%), 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 Manitowoc Company, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Manitowoc Company, Inc stock to perform well in the short-term.
Current score: 1.965 Buy Candidate Unchanged
Predicted Opening Price for Manitowoc Company, Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
£792.00 ( 0%) | £792.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTW.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 796.00 | 0.505 % | |
R2 | 794.47 | 0.312 % | ||
R1 | 793.53 | 0.193 % | ||
Current price: | 792.00 | |||
Support | S1 | 790.47 | -0.193 % | |
S2 | 789.53 | -0.312 % | ||
S3 | 788.00 | -0.505 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 795.00 | 0.379 % | |
R2 | 794.00 | 0.253 % | ||
R1 | 793.00 | 0.126 % | ||
Current price | 792.00 | |||
Support | S1 | 790.00 | -0.253% | |
S2 | 788.00 | -0.505% | ||
S3 | 602.00 | -23.99% |
MTW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Feb 15, 2024 | Mar 22, 2024 | £9.00 | 1.14% |
2 | Feb 07, 2023 | Feb 16, 2023 | Mar 24, 2023 | £8.80 | 1.50% |
3 | Sep 13, 2022 | Sep 22, 2022 | Nov 03, 2022 | £17.80 | 3.30% |
4 | Feb 08, 2022 | Feb 17, 2022 | Mar 25, 2022 | £8.30 | 1.04% |
5 | Sep 21, 2021 | Sep 30, 2021 | Nov 03, 2021 | £13.50 | 1.66% |
FAQ
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