Echo Investment S.A. Stock Forecast
Echo Investment S.A. stock price ended at 4.64zł on Friday, after losing 1.49%.
(Updated on May 31, 2024)
The Echo Investment S.A. stock price fell by -1.49% on the last day (Friday, 31st May 2024) from 4.71zł to 4.64zł. During the last trading day the stock fluctuated 5.11% from a day low at 4.50zł to a day high of 4.73zł. The price has fallen in 5 of the last 10 days and is down by -5.31% for this period. Volume has increased on the last day by 41 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, 70 thousand shares were bought and sold for approximately 324.86zł thousand.
Given the current short-term trend, the stock is expected to rise 11.69% during the next 3 months and, with a 90% probability hold a price between 5.18zł and 5.68zł at the end of this 3-month period.
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ECH.WA Signals & Forecast
There are few to no technical positive signals at the moment. The Echo Investment S.A. 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 4.80zł and 4.83zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.01%. 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). Echo Investment S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Echo Investment S.A. stock
Echo Investment S.A. finds support from accumulated volume at 4.58zł 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.230zł between high and low, or 5.11%. For the last week the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECH.WA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Echo Investment S.A. to open at 4.62zł, and during the day (based on 14 day Average True Range), to move between 4.51zł and 4.77zł, which gives a possible trading interval of +/-0.131zł (+/-2.82%) up or down from last closing price. If Echo Investment S.A. takes out the full calculated possible swing range there will be an estimated 5.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.58zł (1.29%) than the resistance at 4.70zł (1.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Echo Investment S.A. stock A Buy?
The Echo Investment S.A. stock holds several negative signals and despite the positive trend, we believe Echo Investment S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.720 Sell Candidate Unchanged
Predicted Opening Price for Echo Investment S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 4.62zł ( 0.359%) | 4.64zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECH.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.85 | 4.60 % | |
| R2 | 4.77 | 2.70 % | ||
| R1 | 4.71 | 1.53 % | ||
| Current price: | 4.64 | |||
| Support | S1 | 4.54 | -2.25 % | |
| S2 | 4.48 | -3.42 % | ||
| S3 | 4.39 | -5.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.95 | 6.68 % | |
| R2 | 4.71 | 1.51 % | ||
| R1 | 4.70 | 1.29 % | ||
| Current price | 4.64 | |||
| Support | S1 | 4.58 | -1.29% | |
| S2 | 4.52 | -2.59% | ||
| S3 | 4.48 | -3.45% |
ECH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | 0.220zł | 5.39% |
| 2 | Jan 25, 2023 | Jan 25, 2023 | Jan 25, 2023 | 0.220zł | 6.71% |
| 3 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | 0.220zł | 6.92% |
| 4 | Dec 20, 2021 | Dec 20, 2021 | Dec 20, 2021 | 0.220zł | 5.29% |
| 5 | Jul 23, 2021 | Jul 23, 2021 | Jul 23, 2021 | 0.250zł | 5.46% |
FAQ
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