Escalade Stock Forecast
Evaluation of Escalade stock downgraded after the last trading session.
(Updated on Apr 22, 2024)
The Escalade stock price fell by -1.61% on the last day (Monday, 22nd Apr 2024) from $13.68 to $13.46. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.02% from a day low at $13.42 to a day high of $13.96. The price has fallen in 8 of the last 10 days but is still up by 0.3% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 13 thousand shares were bought and sold for approximately $173.20 thousand.
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 -25.54% during the next 3 months and, with a 90% probability hold a price between $7.71 and $10.69 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
A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 7.00%. 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 Escalade stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.61 and $13.51. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Escalade stock
Escalade finds support from accumulated volume at $13.43 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 $0.540 between high and low, or 4.02%. For the last week the stock has had daily average volatility of 8.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESCA) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Escalade to open at $13.61, and during the day (based on 14 day Average True Range), to move between $12.67 and $14.25, which gives a possible trading interval of +/-$0.785 (+/-5.83%) up or down from last closing price. If Escalade takes out the full calculated possible swing range there will be an estimated 11.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.43 (0.22%) than the resistance at $13.51 (0.37%), 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?
Escalade 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 Buy to a Sell candidate.
Current score: -1.007 Sell Candidate Downgraded
Predicted Opening Price for Escalade of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $13.61 ( 1.14%) | $13.46 |
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 | 14.15 | 5.15 % | |
| R2 | 13.95 | 3.62 % | ||
| R1 | 13.82 | 2.67 % | ||
| Current price: | 13.46 | |||
| Support | S1 | 13.41 | -0.393 % | |
| S2 | 13.28 | -1.34 % | ||
| S3 | 13.07 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.77 | 9.73 % | |
| R2 | 14.67 | 8.99 % | ||
| R1 | 13.51 | 0.371 % | ||
| Current price | 13.46 | |||
| Support | S1 | 13.43 | -0.223% | |
| S2 | 13.20 | -1.93% | ||
| S3 | 13.04 | -3.12% |
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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