Enterprise Products Partners L.p. Stock Forecast
Evaluation of Enterprise Products Partners L.p. stock downgraded after the last trading session.
(Updated on Jun 19, 2024)
The Enterprise Products Partners L.p. stock price fell by -0.84% on the last day (Wednesday, 19th Jun 2024) from £28.49 to £28.25. During the last trading day the stock fluctuated 0% from a day low at £28.25 to a day high of £28.25. The price has risen in 5 of the last 10 days but is still down by -0.32% for this period. 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 -191 shares and in total, 0 shares were bought and sold for approximately £0 .
The stock lies in the middle of a 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 -3.59% during the next 3 months and, with a 90% probability hold a price between £26.38 and £27.96 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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0S23.L 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 Enterprise Products Partners L.p. 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 £28.34 and £28.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.84%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Tuesday, June 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Enterprise Products Partners L.p. stock
Enterprise Products Partners L.p. finds support from accumulated volume at £28.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.247%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0S23.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Enterprise Products Partners L.p. to open at £28.25, and during the day (based on 14 day Average True Range), to move between £28.05 and £28.44, which gives a possible trading interval of +/-£0.193 (+/-0.68%) up or down from last closing price. If Enterprise Products Partners L.p. takes out the full calculated possible swing range there will be an estimated 1.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £28.31 (0.23%) than the support at £28.18 (0.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Enterprise Products Partners L.p. stock A Buy?
Enterprise Products Partners L.p. holds several negative signals and is within a 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. 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: -2.869 Sell Candidate Downgraded
Predicted Opening Price for Enterprise Products Partners L.p. of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£28.25 ( 0%) | £28.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0S23.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 28.25 | - |
R2 | 28.25 | - |
R1 | 28.25 | - |
Price | 28.25 | |
S1 | 28.25 | - |
S2 | 28.25 | - |
S3 | 28.25 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 29.00 | 2.67% |
R2 | 28.40 | 0.549% |
R1 | 28.31 | 0.228% |
Price | 28.25 | |
S1 | 28.18 | -0.230% |
S2 | 28.01 | -0.83% |
S3 | 27.88 | -1.29% |
0S23 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | £0.515 | 1.78% |
2 | Jan 30, 2024 | Jan 30, 2024 | Feb 14, 2024 | £0.515 | 1.94% |
3 | Oct 30, 2023 | Oct 30, 2023 | Nov 14, 2023 | £0.500 | 1.91% |
4 | Jul 28, 2023 | Jul 28, 2023 | Aug 14, 2023 | £0.500 | 1.86% |
5 | Apr 27, 2023 | Apr 27, 2023 | May 12, 2023 | £0.490 | 1.89% |
FAQ
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