Emerson Radio Corp Stock Forecast
Emerson Radio Corp stock price ended at $0.547 on Wednesday, after losing 1.41%.
(Updated on Apr 24, 2024)
The Emerson Radio Corp stock price fell by -1.41% on the last day (Wednesday, 24th Apr 2024) from $0.555 to $0.547. During the last trading day the stock fluctuated 2.56% from a day low at $0.547 to a day high of $0.561. The price has risen in 6 of the last 10 days and is up by 3.13% over the past 2 weeks. Volume has increased on the last day by 13 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, 14 thousand shares were bought and sold for approximately $7.42 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 Emerson Radio Corp stock with a 90% probability to be traded between $0.512 and $0.559 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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MSN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -2.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Emerson Radio Corp 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". The very low volume increases the risk and reduces the other technical signals issued. The Emerson Radio Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.545 and $0.535. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should fall by -7.71% to $0.505 within 13 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Emerson Radio Corp stock
Emerson Radio Corp finds support from accumulated volume at $0.520 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 $0.0140 (2.56%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: $0.526 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (MSN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Emerson Radio Corp to open at $0.551, and during the day (based on 14 day Average True Range), to move between $0.532 and $0.562, which gives a possible trading interval of +/-$0.0149 (+/-2.73%) up or down from last closing price. If Emerson Radio Corp takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.550 (0.59%) than the support at $0.520 (4.88%), 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.
Is Emerson Radio Corp stock A Buy?
Emerson Radio Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.262 Hold/Accumulate Unchanged
Predicted Opening Price for Emerson Radio Corp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.551 ( 0.85%) | $0.547 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.565 | 3.41 % | |
| R2 | 0.560 | 2.44 % | ||
| R1 | 0.557 | 1.83 % | ||
| Current price: | 0.547 | |||
| Support | S1 | 0.546 | -0.125 % | |
| S2 | 0.543 | -0.729 % | ||
| S3 | 0.537 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.560 | 2.41 % | |
| R2 | 0.555 | 1.57 % | ||
| R1 | 0.550 | 0.585 % | ||
| Current price | 0.547 | |||
| Support | S1 | 0.520 | -4.88% | |
| S2 | 0.520 | -4.90% | ||
| S3 | 0.516 | -5.63% |
MSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 22, 2014 | Oct 01, 2014 | Sep 30, 2014 | $0.700 | 35.35% |
| 2 | Sep 10, 2014 | Sep 10, 2014 | Sep 30, 2014 | $0.700 | 35.35% |
| 3 | Mar 02, 2010 | Mar 25, 2010 | Mar 24, 2010 | $1.10 | 34.27% |
FAQ
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