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 MXC
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Green day on Wednesday for Mexco Energy Corp stock after gaining 4.41%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 22, 2024 Gain 1.04% PDF

The Mexco Energy Corp stock price gained 4.41% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.75 to $10.18. During the last trading day the stock fluctuated 5.58% from a day low at $9.67 to a day high of $10.21. The price has risen in 5 of the last 10 days but is still down by -1.26% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $21.03 thousand.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mexco Energy Corp stock with a 90% probability to be traded between $9.81 and $10.71 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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MXC Signals & Forecast

Mostly positive signals in the chart today. The Mexco Energy Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.87 and $9.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.93%. 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). Mexco Energy Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Mexco Energy Corp stock

Mexco Energy Corp finds support from accumulated volume at $10.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.540 (5.58%) between high and low. For the last week, the stock has had daily average volatility of 4.18%.

Our recommended stop-loss: $9.74 (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Mexco Energy Corp to open at $10.02, and during the day (based on 14 day Average True Range), to move between $9.87 and $10.49, which gives a possible trading interval of +/-$0.312 (+/-3.06%) up or down from last closing price. If Mexco Energy Corp takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.14 (0.39%) than the resistance at $10.31 (1.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mexco Energy Corp stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Mexco Energy Corp stock to perform well in the short-term period.

Current score: 2.031 Buy Candidate Unchanged

Predicted Opening Price for Mexco Energy Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$10.02 ( 1.57%) $10.18

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

Trading levels for MXC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.56 3.73 %
R2 10.35 1.71 %
R1 10.23 0.455 %
Current price: 10.18
Support S1 9.81 -3.60 %
S2 9.69 -4.85 %
S3 9.48 -6.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.49 3.05 %
R2 10.40 2.16 %
R1 10.31 1.28 %
Current price 10.18
Support S1 10.14 -0.393%
S2 9.80 -3.73%
S3 9.73 -4.42%

MXC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 10, 2023 Apr 28, 2023 May 15, 2023 $0.100 0.93%

FAQ

What is the symbol for Mexco Energy Corp Stock and on which exchange is it traded?
The symbol for Mexco Energy Corp is MXC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Mexco Energy Corp Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Mexco Energy Corp stock to perform well in the short-term period.

How to buy Mexco Energy Corp Stock?
Mexco Energy Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mexco Energy Corp Stock.

What's the current price of Mexco Energy Corp Stock?
As of the end of day on the 2024-03-27, the price of an Mexco Energy Corp (MXC) share was $10.18.

What is the 52-week high and low for Mexco Energy Corp Stock?
The 52-week high for Mexco Energy Corp Stock is $13.84 and the 52-week low is $9.02.

What is the market capitalization of Mexco Energy Corp Stock?
As of the 2024-03-27, the market capitalization of Mexco Energy Corp is 21.356M.

When is the next earnings date for Mexco Energy Corp?
The upcoming earnings date for Mexco Energy Corp is Jun 24, 2024.
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About Mexco Energy Corp

Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,300 gross producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama, Mississippi, Arkansas, Wyoming, Kansas, Colorado, Montana, Virginia, North Dakota, and Oh... MXC Profile

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