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 ESEA
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

On Thursday, Euroseas Ltd. stock price gained an impressive 7.75%
(Updated on Mar 28, 2024)

Sell candidate since Mar 18, 2024 Gain 0.39% PDF

The Euroseas Ltd. stock price gained 7.75% on the last trading day (Thursday, 28th Mar 2024), rising from $33.27 to $35.85. During the last trading day the stock fluctuated 7.54% from a day low at $33.70 to a day high of $36.24. The price has fallen in 6 of the last 10 days but is still up by 1.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 57 thousand shares were bought and sold for approximately $2.03 million.

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 -2.15% during the next 3 months and, with a 90% probability hold a price between $31.92 and $39.87 at the end of this 3-month period.

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

ESEA Signals & Forecast

There are mixed signals in the stock today. The Euroseas Ltd. 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 $36.26. On a fall, the stock will find some support from the short-term average at $35.00. 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. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -9.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Euroseas Ltd. stock

Euroseas Ltd. finds support from accumulated volume at $35.72 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 $2.54 between high and low, or 7.54%. For the last week, the stock has had daily average volatility of 4.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Euroseas Ltd. to open at $35.26, and during the day (based on 14 day Average True Range), to move between $34.06 and $37.64, which gives a possible trading interval of +/-$1.79 (+/-5.00%) up or down from last closing price. If Euroseas Ltd. takes out the full calculated possible swing range there will be an estimated 10.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $35.72 (0.36%) than the resistance at $36.85 (2.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Euroseas Ltd. stock A Buy?

Euroseas Ltd. 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.

Current score: -1.817 Sell Candidate Unchanged

Predicted Opening Price for Euroseas Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$35.26 ( 1.64%) $35.85

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ESEA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.80 5.45 %
R2 36.83 2.74 %
R1 36.23 1.07 %
Current price: 35.85
Support S1 34.29 -4.34 %
S2 33.69 -6.02 %
S3 32.72 -8.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 38.86 8.40 %
R2 38.45 7.25 %
R1 36.85 2.79 %
Current price 35.85
Support S1 35.72 -0.363%
S2 34.48 -3.82%
S3 34.00 -5.16%

ESEA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Mar 15, 2024 $0.600 1.74%
2 Nov 09, 2023 Dec 07, 2023 Dec 16, 2023 $0.500 1.85%
3 Aug 09, 2023 Sep 07, 2023 Sep 16, 2023 $0.500 1.96%
4 May 16, 2023 Jun 08, 2023 Jun 16, 2023 $0.500 2.37%
5 Feb 15, 2023 Mar 08, 2023 Mar 16, 2023 $0.500 2.84%

FAQ

What is the symbol for Euroseas Ltd. Stock and on which exchange is it traded?
The symbol for Euroseas Ltd. is ESEA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Euroseas Ltd. Stock?
Euroseas Ltd. 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.

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

What's the current price of Euroseas Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Euroseas Ltd. (ESEA) share was $35.85.

What is the 52-week high and low for Euroseas Ltd. Stock?
The 52-week high for Euroseas Ltd. Stock is $42.29 and the 52-week low is $18.00.

What is the market capitalization of Euroseas Ltd. Stock?
As of the 2024-03-28, the market capitalization of Euroseas Ltd. is 233.367M.

When is the next earnings date for Euroseas Ltd.?
The upcoming earnings date for Euroseas Ltd. is May 21, 2024.
Click to get the best stock tips daily for free!

About Euroseas Ltd.

Euroseas Ltd. Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of May 03, 2022, it had a fleet of 18 vessels, including 10 feeder and 8 intermediate containerships with a cargo capacity of approximately 58,871 twenty-foot equivalent unit (teu). The company was incorporated in 2005 and i... ESEA 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