CES Energy Solutions Corp Stock Forecast
Evaluation of CES Energy Solutions Corp stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The CES Energy Solutions Corp stock price fell by -2.73% on the last day (Tuesday, 2nd Jul 2024) from $7.70 to $7.49. During the last trading day the stock fluctuated 3.97% from a day low at $7.44 to a day high of $7.73. The price has been going up and down for this period, and there has been a 6.7% gain for the last 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 -1 million shares and in total, 793 thousand shares were bought and sold for approximately $5.94 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.52% during the next 3 months and, with a 90% probability hold a price between $9.74 and $10.79 at the end of this 3-month period.
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CEU.TO Signals & Forecast
The CES Energy Solutions Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.25 and $6.97. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -2.73%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CES Energy Solutions Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $7.02 and $6.77. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CES Energy Solutions Corp finds support just below today's level at $7.02. If this is broken, then the next support from accumulated volume will be at $6.77 and $6.43.
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 $0.295 between high and low, or 3.97%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: $7.15 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (CEU.TO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect CES Energy Solutions Corp to open at $7.55, and during the day (based on 14 day Average True Range), to move between $7.25 and $7.73, which gives a possible trading interval of +/-$0.241 (+/-3.22%) up or down from last closing price. If CES Energy Solutions Corp takes out the full calculated possible swing range there will be an estimated 6.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.70 (2.80%) than the support at $7.02 (6.28%), 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 CES Energy Solutions Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CES Energy Solutions Corp stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.587 Buy Candidate Downgraded
Predicted Opening Price for CES Energy Solutions Corp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $7.55 ( 0.82%) | $7.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEU.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.85 | 4.76% |
| R2 | 7.73 | 3.26% |
| R1 | 7.66 | 2.33% |
| Price | 7.49 | |
| S1 | 7.44 | -0.681% |
| S2 | 7.37 | -1.61% |
| S3 | 7.26 | -3.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 7.70 | 2.80% |
| Price | 7.49 | |
| S1 | 7.02 | -6.28% |
| S2 | 6.77 | -9.61% |
| S3 | 6.43 | -14.15% |
CEU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0300 | 0.401% |
| 2 | Feb 29, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0300 | 0.520% |
| 3 | Dec 14, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.0250 | 0.665% |
| 4 | Sep 14, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.0250 | 0.670% |
| 5 | Jun 29, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.0250 | 0.94% |
FAQ
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