MP1 Long Idea - Falling knife? Am I catching a falling knife here?
MP1 has been travelling in a strong downtrend, but has lots of support at that bottom level. Is this a reversal?
0.02AUD
−9.77 MAUD
153.08 MAUD
151.18 M
About MEGAPORT LIMITED
Sector
Industry
CEO
Michael Reid
Website
Headquarters
Brisbane
Founded
2015
ISIN
AU000000MP15
FIGI
BBG00BK2TJ78
Megaport Ltd. engages in the provision of software-defined networking based elastic interconnection services. Its products include Port, MCR, Megaport Marketplace, and MegaIX. The company operates through the following geographical segments: Asia-Pacific, North America, and Europe. Megaport was founded by Bevan Andrew Slaterry in 2013 and is headquartered in Brisbane, Australia.
Wave Forecast...Looks crazy now but w/e...Let's see if our corrective low can hold us and we can climb higher.
MP1.ASX_Bearish Pullback Trade_ShortENTRY: 6.53
SL: 7.41
TP1: 5.36
TP2: 4.81
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 21 Apr 2022 with volume before going into range and pullback to 20EMA.
- 30-31 May 2022 bearish engulfing candle near 20EMA and then went b
Macro Wave 1-2 Completing?We can go down more here but it's looking like a pretty good macro long here to catch the parabolic macro wave 3 that's coming in the future where prices will make new highs and go up expotentionally.
MP1 - Volume Profile| Long TradeASX:MP1
Has had broker upgrades recently, seems to be in favour after reporting season.
Hovering around POC, anticipate to bounce higher due to positive ratings from brokers. Also hugging the lower BB, should move up towards the mean.
Aggressive trade around the POC, taking a swing trade.
MP1 Break out from flag pattern,After buying some in earth June this year MP1 has formed a flag pattern over the last 3 months and has just broken above the pattern to the upside. Will look to add another (half stake) position with a price target of 10-15%
MegaPort - Bullish Flag - nice upside!!Technicals - bullish Flag , highest probabilty entry is bullish candle on volume spike above $18.
Fundamentals - ''Cloud computing growth'' The global cloud computing market size is expected to grow from USD 371.4 billion in 2020 to USD 832.1 billion by 2025, at a Compound Annual Growth Rate ( CAGR
Short Mp1MP1 short with a 6 pip stop
Top part of trend line 2 days of full atr movement should get weaker around here.
MP1.ASX_Breakout Trade_ShortENTRY: 10.76
SL: 11.73
TP1: 9.93
TP2: 7.37
- ADX>25
- RSI<30
- RS -ve
- FFI +ve
- MACD -ve
- MAs aligned
- Breakdown with good volume
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Frequently Asked Questions
The current price of MP1 is 13.59 AUD — it has decreased by 1.59% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on ASX exchange MEGAPORT LIMITED stocks are traded under the ticker MP1.
MEGAPORT LIMITED is going to release the next earnings report on Aug 22, 2024. Keep track of upcoming events with our Earnings Calendar.
MP1 stock is 3.83% volatile and has beta coefficient of 2.10. Check out the list of the most volatile stocks — is MEGAPORT LIMITED there?
One year price forecast for MEGAPORT LIMITED has a max estimate of 19.04 AUD and a min estimate of 11.50 AUD.
MP1 earnings for the last quarter are −0.04 AUD per share, whereas the estimation was −0.03 AUD resulting in a −25.48% surprise. The estimated earnings for the next quarter are 0.05 AUD per share. See more details about MEGAPORT LIMITED earnings.
MEGAPORT LIMITED revenue for the last quarter amounts to 82.40 M AUD despite the estimated figure of 44.30 M AUD. In the next quarter revenue is expected to reach 94.65 M AUD.
Yes, you can track MEGAPORT LIMITED financials in yearly and quarterly reports right on TradingView.
MP1 stock has fallen by 6.08% compared to the previous week, the month change is a 9.88% fall, over the last year MEGAPORT LIMITED has showed a 210.27% increase.
MP1 net income for the last quarter is 4.45 M AUD, while the quarter before that showed −566.00 K AUD of net income which accounts for 886.04% change. Track more MEGAPORT LIMITED financial stats to get the full picture.
Today MEGAPORT LIMITED has the market capitalization of 2.20 B, it has increased by 1.43% over the last week.
No, MP1 doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, MP1 shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MEGAPORT LIMITED stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MEGAPORT LIMITED technincal analysis shows the sell today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MEGAPORT LIMITED stock shows the buy signal. See more of MEGAPORT LIMITED technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on MEGAPORT LIMITED future price: according to them, MP1 price has a max estimate of 19.04 AUD and a min estimate of 11.50 AUD. Read a more detailed MEGAPORT LIMITED forecast: see what analysts think of MEGAPORT LIMITED and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MEGAPORT LIMITED EBITDA is 40.10 M AUD, and current EBITDA margin is 10.96%. See more stats in MEGAPORT LIMITED financial statements.