RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EBTC
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Thursday for Enterprise Bancorp Inc
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.39% PDF

The Enterprise Bancorp Inc stock price gained 0.387% on the last trading day (Thursday, 28th Mar 2024), rising from $25.87 to $25.97. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.01% from a day low at $25.43 to a day high of $26.45. The price has risen in 8 of the last 10 days and is up by 5.14% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 26 thousand shares were bought and sold for approximately $666.03 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 in the middle of a 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 -18.88% during the next 3 months and, with a 90% probability hold a price between $19.21 and $21.57 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

EBTC Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 5.14%. 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. The Enterprise Bancorp Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $26.39. On a fall, the stock will find some support from the short-term average at $25.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Enterprise Bancorp Inc stock

Enterprise Bancorp Inc finds support from accumulated volume at $25.63 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 $1.02 between high and low, or 4.01%. For the last week the stock has had daily average volatility of 2.87%.

Our recommended stop-loss: $24.81 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (EBTC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Enterprise Bancorp Inc to open at $25.95, and during the day (based on 14 day Average True Range), to move between $25.10 and $26.84, which gives a possible trading interval of +/-$0.87 (+/-3.34%) up or down from last closing price. If Enterprise Bancorp Inc takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.63 (1.31%) than the resistance at $26.64 (2.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Enterprise Bancorp Inc stock A Buy?

Enterprise Bancorp Inc 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: -0.728 Hold/Accumulate Unchanged

Predicted Opening Price for Enterprise Bancorp Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$25.95 ( 0.0770%) $25.97

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 26.97 3.85 %
R2 26.58 2.35 %
R1 26.34 1.42 %
Current price: 25.97
Support S1 25.56 -1.58 %
S2 25.32 -2.50 %
S3 24.93 -4.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 27.19 4.70 %
R2 26.86 3.43 %
R1 26.64 2.58 %
Current price 25.97
Support S1 25.63 -1.31%
S2 25.48 -1.89%
S3 25.25 -2.77%

EBTC Dividend Payout History


# Declaration Date 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

What is the symbol for Enterprise Bancorp Inc Stock and on which exchange is it traded?
The symbol for Enterprise Bancorp Inc is EBTC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Enterprise Bancorp Inc Stock?
Enterprise Bancorp Inc 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.

How to buy Enterprise Bancorp Inc Stock?
Enterprise Bancorp Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Enterprise Bancorp Inc Stock.

What's the current price of Enterprise Bancorp Inc Stock?
As of the end of day on the 2024-03-28, the price of an Enterprise Bancorp Inc (EBTC) share was $25.97.

What is the 52-week high and low for Enterprise Bancorp Inc Stock?
The 52-week high for Enterprise Bancorp Inc Stock is $34.10 and the 52-week low is $24.42.

What is the market capitalization of Enterprise Bancorp Inc Stock?
As of the 2024-03-28, the market capitalization of Enterprise Bancorp Inc is 318.875M.

When is the next earnings date for Enterprise Bancorp Inc?
The upcoming earnings date for Enterprise Bancorp Inc is Apr 23, 2024.
Click to get the best stock tips daily for free!

About Enterprise Bancorp Inc

Enterprise Ban Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit. The company also provides commercial real estate, commercial and industrial, commercial construction, r... EBTC Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT