Eurodry Stock Forecast

Buy candidate since Jun 23, 2026

The Eurodry Ltd. stock price gained 14.98% on the last trading day (Tuesday, 23rd Jun 2026), rising from $20.16 to $23.18. During the last trading day the stock fluctuated 10.13% from a day low at $21.14 to a day high of $23.28. The price has been going up and down for this period, and there has been a 6.28% gain for the last 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 30 thousand shares were bought and sold for approximately $701.54 thousand. 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.18% during the next 3 months and, with a 90% probability hold a price between $24.31 and $30.85 at the end of this 3-month period.

EDRY Signals & Forecast

The Eurodry Ltd. 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 $23.37. On a fall, the stock will find some support from the long-term average at approximately $22.36. 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. A buy signal was issued from a pivot bottom point on Monday, June 22, 2026, and so far it has risen 14.98%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Eurodry Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.24 and $19.93. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eurodry Ltd. finds support just below today's level at $21.24. If this is broken, then the next support from accumulated volume will be at $19.93 and $19.72.

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 $2.14 between high and low, or 10.13%. For the last week the stock has had daily average volatility of 11.62%.

Our recommended stop-loss: $22.37 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (EDRY) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Eurodry Ltd. to open at $22.53, and during the day (based on 14 day Average True Range), to move between $22.20 and $24.16, which gives a possible trading interval of +/-$1.96 (+/-8.83%) up or down from last closing price. If Eurodry Ltd. takes out the full calculated possible swing range there will be an estimated 8.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.41 (0.99%) than the support at $21.24 (8.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Eurodry Ltd. 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 Eurodry Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.615 Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 24, 2026 - $22.53 ( 2.80%).

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