Enterprise Bancorp Inc Stock Forecast
Enterprise Bancorp Inc stock price ended at $23.50 on Thursday, after losing 0.760%.
(Updated on Apr 18, 2024)
The Enterprise Bancorp Inc stock price fell by -0.760% on the last day (Thursday, 18th Apr 2024) from $23.68 to $23.50. During the last trading day the stock fluctuated 2.88% from a day low at $23.34 to a day high of $24.01. The price has fallen in 6 of the last 10 days and is down by -5.81% for this period. Volume has increased on the last day by 7 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, 27 thousand shares were bought and sold for approximately $630.11 thousand.
The stock lies in the middle of a 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 -18.93% during the next 3 months and, with a 90% probability hold a price between $18.66 and $20.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EBTC Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.470%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enterprise Bancorp Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.58 and $25.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Enterprise Bancorp 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".
Support, Risk & Stop-loss for Enterprise Bancorp Inc stock
Enterprise Bancorp Inc finds support from accumulated volume at $23.46 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 $0.673 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBTC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Enterprise Bancorp Inc to open at $23.62, and during the day (based on 14 day Average True Range), to move between $22.69 and $24.31, which gives a possible trading interval of +/-$0.81 (+/-3.47%) up or down from last closing price. If Enterprise Bancorp Inc takes out the full calculated possible swing range there will be an estimated 6.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.46 (0.17%) than the resistance at $25.48 (8.43%), 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
Enterprise Bancorp Inc will release earnings BMO on Tuesday, April 23, 2024. We will update the financials statements for Enterprise Bancorp Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.81% in the first trading day after earnings release.
Is Enterprise Bancorp Inc stock A Buy?
Enterprise Bancorp Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.095 Sell Candidate Unchanged
Predicted Opening Price for Enterprise Bancorp Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $23.62 ( 0.492%) | $23.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBTC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.29 | 3.36 % | |
| R2 | 24.03 | 2.26 % | ||
| R1 | 23.87 | 1.59 % | ||
| Current price: | 23.50 | |||
| Support | S1 | 23.36 | -0.602 % | |
| S2 | 23.20 | -1.28 % | ||
| S3 | 22.94 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.86 | 14.30 % | |
| R2 | 26.64 | 13.36 % | ||
| R1 | 25.48 | 8.43 % | ||
| Current price | 23.50 | |||
| Support | S1 | 23.46 | -0.170% | |
| S2 | 23.39 | -0.468% | ||
| S3 | 0 | . |
EBTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 16, 2024 | Feb 08, 2024 | Mar 01, 2024 | $0.240 | 0.87% |
| 2 | Oct 17, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.230 | 0.81% |
| 3 | Jul 18, 2023 | Aug 10, 2023 | Sep 01, 2023 | $0.230 | 0.789% |
| 4 | Apr 18, 2023 | May 10, 2023 | Jun 01, 2023 | $0.230 | 0.84% |
| 5 | Jan 17, 2023 | Feb 07, 2023 | Mar 01, 2023 | $0.230 | 0.646% |
FAQ
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