EBOS Group Limited Stock Forecast
EBOS Group Limited stock price down 1.70% on Wednesday
(Updated on Jul 03, 2024)
The EBOS Group Limited stock price fell by -1.70% on the last day (Wednesday, 3rd Jul 2024) from $32.40 to $31.85. During the last trading day the stock fluctuated 2.20% from a day low at $31.80 to a day high of $32.50. The price has fallen in 6 of the last 10 days and is down by -0.16% for this period. Volume has increased on the last day by 75 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, 178 thousand shares were bought and sold for approximately $5.68 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.29 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.12% during the next 3 months and, with a 90% probability hold a price between $28.75 and $32.10 at the end of this 3-month period.
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EBO.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $32.24 and $33.63. A break-up above any of these levels will issue buy signals. 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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.700 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EBO.NZ) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect EBOS Group Limited to open at $32.05, and during the day (based on 14 day Average True Range), to move between $31.11 and $32.59, which gives a possible trading interval of +/-$0.742 (+/-2.33%) up or down from last closing price. If EBOS Group Limited takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $32.39, some $0.540 (1.70%) from the current price of $31.85, our system finds the risk reward not very attractive.
Earnings coming up
EBOS Group Limited will release earnings BMO on Wednesday, July 10, 2024. We will update the financials statements for EBOS Group Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.70% in the first trading day after earnings release.
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: -2.600 Sell Candidate Unchanged
Predicted Opening Price for EBOS Group Limited of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
$32.05 ( 0.628%) | $31.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBO.NZ
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.75 | 2.83% |
R2 | 32.48 | 1.99% |
R1 | 32.32 | 1.47% |
Price | 31.85 | |
S1 | 31.78 | -0.212% |
S2 | 31.62 | -0.730% |
S3 | 31.35 | -1.57% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 34.00 | 6.75% |
R2 | 33.05 | 3.77% |
R1 | 32.39 | 1.70% |
Price | 31.85 | |
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 | $0.595 | 1.67% |
2 | Sep 07, 2023 | Sep 07, 2023 | Sep 29, 2023 | $0.570 | 1.67% |
3 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | $0.530 | 1.23% |
4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | $0.490 | 1.24% |
5 | Mar 03, 2022 | Mar 03, 2022 | Mar 03, 2022 | $0.470 | 1.20% |
FAQ
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