Enzon Pharmaceuticals Stock Forecast
Enzon Pharmaceuticals stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
No changes to the price of Enzon Pharmaceuticals stock on the last trading day (Wednesday, 24th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0780 to a day high of $0.0780. The price has been going up and down for this period, and there has been a -17.76% loss for the last 2 weeks.
The stock lies in the middle of a very wide and 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 -14.87% during the next 3 months and, with a 90% probability hold a price between $0.0455 and $0.0789 at the end of this 3-month period.
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ENZN Signals & Forecast
The Enzon Pharmaceuticals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0729 and $0.0779. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Enzon Pharmaceuticals stock
Enzon Pharmaceuticals finds support from accumulated volume at $0.0748 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENZN) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Enzon Pharmaceuticals to open at $0.0780, and during the day (based on 14 day Average True Range), to move between $0.0693 and $0.0866, which gives a possible trading interval of +/-$0.0087 (+/-11.12%) up or down from last closing price. If Enzon Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 22.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0800 (2.61%) than the support at $0.0748 (4.06%), 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 Enzon Pharmaceuticals stock A Buy?
Enzon Pharmaceuticals holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.511 Sell Candidate Downgraded
Predicted Opening Price for Enzon Pharmaceuticals of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$0.0780 ( 0%) | $0.0780 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENZN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0780 | . | |
R2 | 0.0780 | . | ||
R1 | 0.0780 | . | ||
Current price: | 0.0780 | |||
Support | S1 | 0.0780 | . | |
S2 | 0.0780 | . | ||
S3 | 0.0780 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0836 | 7.16 % | |
R2 | 0.0828 | 6.20 % | ||
R1 | 0.0800 | 2.61 % | ||
Current price | 0.0780 | |||
Support | S1 | 0.0748 | -4.06% | |
S2 | 0.0700 | -10.22% | ||
S3 | 0.0600 | -23.05% |
ENZN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 30, 2019 | Sep 30, 2019 | Oct 15, 2019 | $0.120 | 52.17% |
2 | Feb 20, 2019 | Feb 20, 2019 | Feb 20, 2019 | $0.0600 | 26.09% |
3 | Sep 29, 2017 | Sep 29, 2017 | Sep 29, 2017 | $0.150 | 62.51% |
4 | Dec 13, 2016 | Dec 13, 2016 | Dec 13, 2016 | $0.150 | 44.72% |
5 | Dec 30, 2015 | Dec 30, 2015 | Dec 30, 2015 | $0.250 | 36.23% |
FAQ
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