Enterprise Financial Services Corp Stock Forecast
Enterprise Financial Services Corp stock price ended at $38.97 on Wednesday, after gaining 2.53%.
(Updated on May 01, 2024)
The Enterprise Financial Services Corp stock price gained 2.53% on the last trading day (Wednesday, 1st May 2024), rising from $38.01 to $38.97. During the last trading day the stock fluctuated 2.36% from a day low at $38.30 to a day high of $39.21. The price has fallen in 6 of the last 10 days but is still up by 2.69% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 119 thousand shares were bought and sold for approximately $4.63 million. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.32% during the next 3 months and, with a 90% probability hold a price between $35.02 and $38.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EFSC Signals & Forecast
The Enterprise Financial Services Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $38.74 and $38.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.69%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Enterprise Financial Services Corp stock
Enterprise Financial Services Corp finds support from accumulated volume at $38.14 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 $0.91 between high and low, or 2.36%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $37.10 (-4.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (EFSC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Enterprise Financial Services Corporation to open at $38.83, and during the day (based on 14 day Average True Range), to move between $38.05 and $39.89, which gives a possible trading interval of +/-$0.92 (+/-2.37%) up or down from last closing price. If Enterprise Financial Services Corporation takes out the full calculated possible swing range there will be an estimated 4.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $39.20 (0.59%) than the support at $38.14 (2.13%), 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 Enterprise Financial Services Corporation stock A Buy?
Enterprise Financial Services Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.831 Hold/Accumulate Unchanged
Predicted Opening Price for Enterprise Financial Services Corporation of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $38.83 ( 0.372%) | $38.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.73 | 1.95 % | |
| R2 | 39.38 | 1.06 % | ||
| R1 | 39.17 | 0.515 % | ||
| Current price: | 38.97 | |||
| Support | S1 | 38.48 | -1.26 % | |
| S2 | 38.27 | -1.81 % | ||
| S3 | 37.92 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.42 | 3.72 % | |
| R2 | 39.22 | 0.642 % | ||
| R1 | 39.20 | 0.590 % | ||
| Current price | 38.97 | |||
| Support | S1 | 38.14 | -2.13% | |
| S2 | 38.00 | -2.49% | ||
| S3 | 37.57 | -3.59% |
EFSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.260 | 0.667% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.250 | 0.616% |
| 3 | Oct 23, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.250 | 0.560% |
| 4 | Jul 24, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.250 | 0.667% |
| 5 | Apr 24, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.250 | 0.639% |
FAQ
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