MMI Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Marcus & Millichap Inc (MMI) has shown a bearish trend recently, with the stock price crossing below its 200-day moving average. The Relative Strength Index (RSI) is at 42.64, indicating the stock is in a bearish zone. The MACD is also negative, signaling a bearish momentum.
Fibonacci Levels:
The Fibonacci levels suggest a pivot point at $35.36, with resistance at $36.40 and support at $34.31. The stock is currently trading near the lower end of this range, indicating potential downward pressure.
Insider and Institutional Activity:
There has been significant insider selling, with the Chief Administrative Officer selling 55.8% of their shares. Institutionally, 79 investors reduced their holdings compared to 71 who increased them, showing mixed sentiment.
Event Impact:
The upcoming ex-dividend date on March 12, 2025, may cause a slight drop in the stock price as investors sell to capture the dividend.
Conclusion:
Based on the technical indicators, insider activity, and institutional movements, MMI is expected to face downward pressure. The stock is likely to test the lower support level of $34.31 in the next trading week.
Prediction: The stock price of MMI is expected to drop to $34.50 next week.
Recommendation: Sell MMI at the current price of $35.31 to capitalize on the expected decline.
MMI Similar Chart Price Prediction
The price of MMI is predicted to go up -1.77%, based on the high correlation periods with SGRY. The similarity of these two price pattern on the periods is 96.75%.
MMI
SGRY
Down: -1.77%Similarity: 96.75%
