EQTEC Stock Forecast
Stronger technical forecast for EQTEC stock price after Thursday trading.
(Updated on Apr 18, 2024)
The EQTEC stock price gained 0.499% on the last trading day (Thursday, 18th Apr 2024), rising from $36.04 to $36.22. During the last trading day the stock fluctuated 1.84% from a day low at $36.12 to a day high of $36.79. The price has fallen in 7 of the last 10 days and is down by -1.47% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately $241.40 million.
The stock lies in the middle of a wide and weak 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 3.89% during the next 3 months and, with a 90% probability hold a price between $35.23 and $40.22 at the end of this 3-month period.
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EQT Signals & Forecast
Mostly positive signals in the chart today. The EQTEC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $36.78. On a fall, the stock will find some support from the long-term average at approximately $36.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.499%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
A sell signal from a double top formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -13.96% to $31.17 within 24 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for EQTEC stock
EQTEC finds support from accumulated volume at $34.61 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 $0.665 between high and low, or 1.84%. For the last week, the stock has had daily average volatility of 2.92%.
Our recommended stop-loss: $34.05 (-5.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (EQT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect EQTEC plc to open at $36.38, and during the day (based on 14 day Average True Range), to move between $35.27 and $37.17, which gives a possible trading interval of +/-$0.95 (+/-2.63%) up or down from last closing price. If EQTEC plc takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.01 (2.18%) than the support at $34.61 (4.45%), 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.
Earnings coming up
EQTEC will release earnings AMC on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.690. We will update the financials statements for EQTEC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.48% in the first trading day after earnings release.
Is EQTEC plc 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 EQTEC stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.977 Buy Candidate Upgraded
Predicted Opening Price for EQTEC plc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $36.38 ( 0.428%) | $36.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.04 | 2.26 % | |
| R2 | 36.79 | 1.56 % | ||
| R1 | 36.63 | 1.13 % | ||
| Current price: | 36.22 | |||
| Support | S1 | 36.12 | -0.273 % | |
| S2 | 35.96 | -0.707 % | ||
| S3 | 35.71 | -1.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.30 | 2.98 % | |
| R2 | 37.07 | 2.35 % | ||
| R1 | 37.01 | 2.18 % | ||
| Current price | 36.22 | |||
| Support | S1 | 34.61 | -4.45% | |
| S2 | 34.52 | -4.69% | ||
| S3 | 33.43 | -7.70% |
EQT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 16, 2024 | Mar 01, 2024 | $0.158 | 0.426% |
| 2 | Oct 12, 2023 | Nov 07, 2023 | Dec 01, 2023 | $0.158 | 0.391% |
| 3 | Jul 19, 2023 | Aug 09, 2023 | Sep 01, 2023 | $0.150 | 0.339% |
| 4 | Jul 19, 2023 | Aug 08, 2023 | Sep 01, 2023 | $0.150 | 0.339% |
| 5 | Apr 19, 2023 | May 09, 2023 | Jun 01, 2023 | $0.150 | 0.427% |
FAQ
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