Ethan Allen Interiors Inc. Stock Forecast
Ethan Allen Interiors Inc. stock price ended at $29.44 on Friday, after losing 1.21%.
(Updated on May 17, 2024)
The Ethan Allen Interiors Inc. stock price fell by -1.21% on the last day (Friday, 17th May 2024) from $29.80 to $29.44. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.16% from a day low at $29.41 to a day high of $29.75. The price has fallen in 7 of the last 10 days but is still up by 0.03% over the past 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 121 thousand shares were bought and sold for approximately $3.57 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 -9.86% during the next 3 months and, with a 90% probability hold a price between $24.77 and $29.75 at the end of this 3-month period.
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ETD Signals & Forecast
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 Ethan Allen Interiors Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $30.01 and $30.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -3.70%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ethan Allen Interiors Inc. stock
Ethan Allen Interiors Inc. finds support from accumulated volume at $29.06 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 $0.340 between high and low, or 1.16%. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Ethan Allen Interiors Inc. to open at $29.53, and during the day (based on 14 day Average True Range), to move between $28.63 and $30.25, which gives a possible trading interval of +/-$0.81 (+/-2.75%) up or down from last closing price. If Ethan Allen Interiors Inc. takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $29.06 (1.29%) than the resistance at $33.43 (13.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ethan Allen Interiors Inc. stock A Buy?
Ethan Allen Interiors Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.744 Sell Candidate Unchanged
Predicted Opening Price for Ethan Allen Interiors Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $29.53 ( 0.317%) | $29.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.87 | 1.47 % | |
| R2 | 29.74 | 1.03 % | ||
| R1 | 29.66 | 0.758 % | ||
| Current price: | 29.44 | |||
| Support | S1 | 29.40 | -0.124 % | |
| S2 | 29.32 | -0.397 % | ||
| S3 | 29.19 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.57 | 17.43 % | |
| R2 | 34.05 | 15.66 % | ||
| R1 | 33.43 | 13.55 % | ||
| Current price | 29.44 | |||
| Support | S1 | 29.06 | -1.29% | |
| S2 | 28.89 | -1.87% | ||
| S3 | 28.80 | -2.17% |
ETD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | May 06, 2024 | May 23, 2024 | $0.390 | 1.33% |
| 2 | Jan 23, 2024 | Feb 05, 2024 | Feb 22, 2024 | $0.360 | 1.15% |
| 3 | Oct 24, 2023 | Nov 06, 2023 | Nov 22, 2023 | $0.360 | 1.31% |
| 4 | Aug 01, 2023 | Aug 14, 2023 | Aug 31, 2023 | $0.500 | 1.59% |
| 5 | Apr 25, 2023 | May 08, 2023 | May 25, 2023 | $0.360 | 1.37% |
FAQ
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