EBOS Group Limited Stock Forecast
EBOS Group Limited stock price ended at $29.58 on Tuesday, after losing 0.169%.
(Updated on Jun 18, 2024)
The EBOS Group Limited stock price fell by -0.169% on the last day (Tuesday, 18th Jun 2024) from $29.63 to $29.58. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 3.65% from a day low at $28.75 to a day high of $29.80. The price has fallen in 7 of the last 10 days and is down by -3.49% for this period. Volume has increased on the last day by 38 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, 85 thousand shares were bought and sold for approximately $2.50 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($29.90) are considered to be a "second chance" to get out. According to the fan-theory $26.86 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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EBO.AX Signals & Forecast
There are few to no technical positive signals at the moment. The EBOS Group Limited 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 $30.20 and $31.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -11.14%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for EBOS Group Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.05 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 2.40%.
EBOS Group Limited is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBO.AX) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect EBOS Group Limited to open at $29.38, and during the day (based on 14 day Average True Range), to move between $28.86 and $30.30, which gives a possible trading interval of +/-$0.720 (+/-2.43%) up or down from last closing price. If EBOS Group Limited takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $31.14, some $1.56 (5.27%) from the current price of $29.58, our system finds the risk reward not very attractive.
Is EBOS Group Limited stock A Buy?
EBOS Group Limited 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: -5.260 Strong Sell Candidate Unchanged
Predicted Opening Price for EBOS Group Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| $29.38 ( 0.687%) | $29.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBO.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.43 | 2.86% |
| R2 | 30.03 | 1.51% |
| R1 | 29.78 | 0.669% |
| Price | 29.58 | |
| S1 | 28.98 | -2.04% |
| S2 | 28.73 | -2.88% |
| S3 | 28.33 | -4.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.84 | 7.64% |
| R2 | 31.26 | 5.68% |
| R1 | 31.14 | 5.27% |
| Price | 29.58 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
EBO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 22, 2024 | $0.561 | 1.71% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 29, 2023 | $0.471 | 1.47% |
| 3 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | $0.426 | 1.08% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | $0.380 | 1.10% |
| 5 | Mar 03, 2022 | Mar 03, 2022 | Mar 03, 2022 | $0.392 | 1.08% |
FAQ
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