Escalade Stock Forecast
Escalade stock price ended at $14.00 on Wednesday, after gaining 1.74%.
(Updated on Apr 24, 2024)
The Escalade stock price gained 1.74% on the last trading day (Wednesday, 24th Apr 2024), rising from $13.76 to $14.00. During the last trading day the stock fluctuated 4.62% from a day low at $13.52 to a day high of $14.15. The price has fallen in 6 of the last 10 days but is still up by 7.36% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 13 thousand shares were bought and sold for approximately $188.76 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $14.25 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.22% during the next 3 months and, with a 90% probability hold a price between $8.06 and $10.94 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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ESCA Signals & Forecast
The Escalade 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 $13.91 and $13.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 11.29%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Escalade stock
Escalade finds support from accumulated volume at $13.51 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.625 between high and low, or 4.62%. For the last week the stock has had daily average volatility of 5.42%.
Our recommended stop-loss: $13.54 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (ESCA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Escalade to open at $13.89, and during the day (based on 14 day Average True Range), to move between $13.25 and $14.75, which gives a possible trading interval of +/-$0.755 (+/-5.39%) up or down from last closing price. If Escalade takes out the full calculated possible swing range there will be an estimated 10.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.51 (3.50%) than the resistance at $14.67 (4.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Escalade stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.831 Buy Candidate Unchanged
Predicted Opening Price for Escalade of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $13.89 ( 0.798%) | $14.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESCA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.51 | 3.67 % | |
| R2 | 14.27 | 1.96 % | ||
| R1 | 14.13 | 0.91 % | ||
| Current price: | 14.00 | |||
| Support | S1 | 13.65 | -2.50 % | |
| S2 | 13.50 | -3.56 % | ||
| S3 | 13.26 | -5.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.18 | 22.71 % | |
| R2 | 14.77 | 5.50 % | ||
| R1 | 14.67 | 4.79 % | ||
| Current price | 14.00 | |||
| Support | S1 | 13.51 | -3.50% | |
| S2 | 13.43 | -4.07% | ||
| S3 | 13.20 | -5.71% |
ESCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2024 | Apr 12, 2024 | Apr 22, 2024 | $0.150 | 1.11% |
| 2 | Oct 26, 2023 | Jan 04, 2024 | Jan 12, 2024 | $0.150 | 0.80% |
| 3 | Jul 26, 2023 | Aug 28, 2023 | Sep 05, 2023 | $0.150 | 1.02% |
| 4 | May 04, 2023 | Jun 09, 2023 | Jun 19, 2023 | $0.150 | 1.12% |
| 5 | Feb 21, 2023 | Mar 10, 2023 | Mar 20, 2023 | $0.150 | 1.15% |
FAQ
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