Mammoth Energy Services Inc Stock Forecast
Mammoth Energy Services Inc stock price ended at $3.32 on Wednesday, after losing 1.78%.
(Updated on Apr 24, 2024)
The Mammoth Energy Services Inc stock price fell by -1.78% on the last day (Wednesday, 24th Apr 2024) from $3.38 to $3.32. During the last trading day the stock fluctuated 3.36% from a day low at $3.27 to a day high of $3.38. The price has fallen in 6 of the last 10 days and is down by -6.48% for this period. Volume has increased on the last day by 21 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, 41 thousand shares were bought and sold for approximately $137.49 thousand.
The stock lies in the middle of a very 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 -6.20% during the next 3 months and, with a 90% probability hold a price between $2.84 and $3.58 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TUSK Signals & Forecast
There are mixed signals in the stock today. The Mammoth Energy Services Inc 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 $3.55. On a fall, the stock will find some support from the short-term average at $3.29. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Mammoth Energy Services Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 5.40%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Mammoth Energy Services Inc stock
Mammoth Energy Services Inc finds support from accumulated volume at $3.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.110 between high and low, or 3.36%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TUSK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Mammoth Energy Services Inc to open at $3.32, and during the day (based on 14 day Average True Range), to move between $3.14 and $3.50, which gives a possible trading interval of +/-$0.180 (+/-5.41%) up or down from last closing price. If Mammoth Energy Services Inc takes out the full calculated possible swing range there will be an estimated 10.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.28 (1.20%) than the resistance at $3.55 (6.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Mammoth Energy Services Inc will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0300. We will update the financials statements for Mammoth Energy Services Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.38% in the first trading day after earnings release.
Is Mammoth Energy Services Inc stock A Buy?
Mammoth Energy Services Inc 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.
Current score: -2.687 Sell Candidate Unchanged
Predicted Opening Price for Mammoth Energy Services Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $3.32 ( 0.100%) | $3.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUSK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.43 | 3.41 % | |
| R2 | 3.39 | 2.15 % | ||
| R1 | 3.37 | 1.37 % | ||
| Current price: | 3.32 | |||
| Support | S1 | 3.28 | -1.17 % | |
| S2 | 3.26 | -1.95 % | ||
| S3 | 3.21 | -3.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.75 | 12.95 % | |
| R2 | 3.59 | 8.13 % | ||
| R1 | 3.55 | 6.93 % | ||
| Current price | 3.32 | |||
| Support | S1 | 3.28 | -1.20% | |
| S2 | 3.26 | -1.96% | ||
| S3 | 3.25 | -2.11% |
TUSK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2019 | May 09, 2019 | May 17, 2019 | $0.125 | 0.89% |
| 2 | Jan 28, 2019 | Feb 06, 2019 | Feb 14, 2019 | $0.125 | 0.545% |
| 3 | Oct 30, 2018 | Nov 07, 2018 | Nov 15, 2018 | $0.125 | 0.495% |
| 4 | Jul 17, 2018 | Aug 06, 2018 | Aug 14, 2018 | $0.125 | 0.354% |
FAQ
Click here for our free guide on how to buy Mammoth Energy Services Inc Stock.
