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$39.80 (-2.02%)

Volume: 15k

Closed: Nov 29, 2021

Hollow Logo Score: 2.917

Enterprise Bancorp Inc Stock Forecast

$39.80 (-2.02%)

Volume: 15k

Closed: Nov 29, 2021

Score Hollow Logo 2.917
Which way will EBTC go? Request
Stop-loss: $37.46 (-5.87%)
Key Stats
Beta 0.84
Trailing Dividend Rate 1.85% ($0.73)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 44 and the stock is currently not being overbought or oversold

Red day on Monday for Enterprise Bancorp Inc
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-09-15 Gain 21.94%

The Enterprise Bancorp Inc stock price fell by -2.02% on the last day (Monday, 29th Nov 2021) from $40.62 to $39.80. and has now fallen 4 days in a row. During the day the stock fluctuated 2.64% from a day low at $39.80 to a day high of $40.85. The price has fallen in 7 of the last 10 days and is down by -1.78% for this period. 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 -2 thousand shares and in total, 15 thousand shares were bought and sold for approximately $611.53 thousand.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.30 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 27.58% during the next 3 months and, with a 90% probability hold a price between $50.14 and $54.09 at the end of this 3-month period.

Signals & Forecast

The Enterprise Bancorp Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $40.83. On a fall, the stock will find some support from the long-term average at approximately $39.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, November 23, 2021, and so far it has fallen -5.15%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

Enterprise Bancorp Inc finds support from accumulated volume at $37.90 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.05 between high and low, or 2.64%. For the last week the stock has had a daily average volatility of 4.22%.

Our recommended stop-loss: $37.46 (-5.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Is Enterprise Bancorp Inc 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 Enterprise Bancorp Inc stock to perform well in the short-term.

Current score: 2.917

Predicted Opening Price for Enterprise Bancorp Inc of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$40.15 $39.80 (Undervalued)
Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 4.22 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.22 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $40.32
Price: $39.80
Support: $37.90

EBTC Insider Trading Show all Trades

INSIDER POWER

1.379

Last 100 transactions
Buy: 37 761 | Sell: 27 386 (Shares)
Date Action Amount Person Type
Nov 09, 2021 Sell 500 Silva Diane J Common Stock
Oct 21, 2021 Sell 86 Rayno Peter Common Stock
Oct 21, 2021 Sell 112 Szablak Chester J Jr Common Stock
Oct 21, 2021 Sell 112 Silva Diane J Common Stock
Oct 21, 2021 Sell 53 Soucie Keith N Common Stock
Show all Insider Trades
INSIDER POWER

1.379

Last 100 transactions
Buy: 37 761 | Sell: 27 386 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 41.20 3.52 %
40.80 2.51 %
40.55 1.89 %
Current price: 39.80
Support 39.75 -0.13 %
39.50 -0.75 %
39.10 -1.76 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 40.62 2.06 %
40.41 1.53 %
40.32 1.31 %
Current price 39.80
Support 37.90 -4.77%
36.00 -9.55%
32.91 -17.31%

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About Enterprise Bancorp Inc

Enterprise Ban Enterprise Bancorp, Inc. operates as the bank holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking accounts, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accou... Read more

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