Enterprise Group Inc. Stock Forecast
Enterprise Group Inc. stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
No changes to the price of Enterprise Group Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $1.27 to a day high of $1.27. The price has fallen in 4 of the last 10 days and is down by -7.97% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.25 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 36.49% during the next 3 months and, with a 90% probability hold a price between $1.71 and $2.19 at the end of this 3-month period.
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E.TO Signals & Forecast
There are mixed signals in the stock today. The Enterprise Group Inc. 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 $1.28. On a fall, the stock will find some support from the short-term average at $1.25. 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 Monday, June 24, 2024, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, June 10, 2024 with a target of $1.29. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Enterprise Group Inc. stock
Enterprise Group Inc. finds support from accumulated volume at $1.23 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 2.44%
Our recommended stop-loss: $1.21 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (E.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Enterprise Group Inc. to open at $1.27, and during the day (based on 14 day Average True Range), to move between $1.21 and $1.33, which gives a possible trading interval of +/-$0.0551 (+/-4.34%) up or down from last closing price. If Enterprise Group Inc. takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.23 (3.15%) than the resistance at $1.36 (7.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enterprise Group Inc. stock A Buy?
Enterprise Group Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Enterprise Group Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.27 ( 0%) | $1.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for E.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.27 | - |
| R2 | 1.27 | - |
| R1 | 1.27 | - |
| Price | 1.27 | |
| S1 | 1.27 | - |
| S2 | 1.27 | - |
| S3 | 1.27 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.43 | 12.60% |
| R2 | 1.42 | 11.81% |
| R1 | 1.36 | 7.09% |
| Price | 1.27 | |
| S1 | 1.23 | -3.15% |
| S2 | 1.13 | -11.02% |
| S3 | 1.11 | -12.60% |
E Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2017 | Dec 19, 2017 | Dec 19, 2017 | $0.417 | 130.40% |
| 2 | Sep 18, 2017 | Sep 18, 2017 | Sep 18, 2017 | $0.0016 | 0.532% |
| 3 | Jun 16, 2016 | Jun 16, 2016 | Jun 16, 2016 | $0.0140 | 4.11% |
| 4 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | $0.0114 | 1.89% |
| 5 | Mar 16, 2015 | Mar 16, 2015 | Mar 16, 2015 | $0.0171 | 1.90% |
FAQ
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