EUROPEAN AERONAUTIC Stock Forecast
EUROPEAN AERONAUTIC stock price up 1.19% on Friday
(Updated on May 03, 2024)
The EUROPEAN AERONAUTIC stock price gained 1.19% on the last trading day (Friday, 3rd May 2024), rising from $41.10 to $41.59. During the last trading day the stock fluctuated 0.797% from a day low at $41.39 to a day high of $41.72. The price has been going up and down for this period, and there has been a -2.19% loss for the last 2 weeks. Volume fell on the last day by -279 thousand shares and in total, 115 thousand shares were bought and sold for approximately $4.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $41.19 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 7.07% during the next 3 months and, with a 90% probability hold a price between $44.11 and $51.27 at the end of this 3-month period.
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EADSY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.34%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The EUROPEAN AERONAUTIC 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 $43.95. On a fall, the stock will find some support from the short-term average at $41.43. 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.
Support, Risk & Stop-loss for EUROPEAN AERONAUTIC stock
EUROPEAN AERONAUTIC finds support from accumulated volume at $41.55 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 $0.330 between high and low, or 0.797%. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EADSY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect EUROPEAN AERONAUTIC to open at $41.57, and during the day (based on 14 day Average True Range), to move between $40.79 and $42.39, which gives a possible trading interval of +/-$0.80 (+/-1.94%) up or down from last closing price. If EUROPEAN AERONAUTIC takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.55 (0.10%) than the resistance at $43.58 (4.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EUROPEAN AERONAUTIC stock A Buy?
EUROPEAN AERONAUTIC 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: -1.155 Sell Candidate Unchanged
Predicted Opening Price for EUROPEAN AERONAUTIC of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$41.57 ( 0.0560%) | $41.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EADSY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 41.90 | 0.737 % | |
R2 | 41.77 | 0.434 % | ||
R1 | 41.69 | 0.247 % | ||
Current price: | 41.59 | |||
Support | S1 | 41.44 | -0.359 % | |
S2 | 41.36 | -0.546 % | ||
S3 | 41.24 | -0.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.87 | 10.29 % | |
R2 | 44.38 | 6.71 % | ||
R1 | 43.58 | 4.78 % | ||
Current price | 41.59 | |||
Support | S1 | 41.55 | -0.0962% | |
S2 | 39.84 | -4.21% | ||
S3 | 39.70 | -4.54% |
EADSY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 16, 2024 | Apr 16, 2024 | May 03, 2024 | $0.363 | 0.87% |
2 | Jul 24, 2023 | Apr 25, 2023 | May 12, 2023 | $0.478 | 1.43% |
3 | Apr 14, 2022 | Apr 14, 2022 | May 06, 2022 | $0.414 | 1.47% |
4 | Apr 16, 2020 | Apr 16, 2020 | Apr 16, 2020 | $0.503 | 3.42% |
5 | Mar 19, 2018 | Apr 12, 2018 | May 03, 2018 | $0.460 | 1.56% |
FAQ
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