Enterprise Financial Services Corp Stock Forecast

Green day on Tuesday for Enterprise Financial Services Corp stock after gaining 0.207%
(Updated on Jun 25, 2024)

EFSCP Signals & Forecast

Enterprise Financial Services Corp has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enterprise Financial Services Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.51 and $19.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -2.81%. 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). The stock had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Enterprise Financial Services Corp stock

Enterprise Financial Services Corp finds support from accumulated volume at $19.35 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 $0.140 between high and low, or 0.724%. For the last week the stock has had daily average volatility of 1.42%.

Our recommended stop-loss: $18.24 (-6.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 63 days ago.)

Trading Expectations (EFSCP) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Enterprise Financial Services Corp to open at $19.41, and during the day (based on 14 day Average True Range), to move between $19.10 and $19.70, which gives a possible trading interval of +/-$0.297 (+/-1.53%) up or down from last closing price. If Enterprise Financial Services Corp takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.35 (0.26%) than the resistance at $19.50 (0.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Enterprise Financial Services Corp stock A Buy?

Enterprise Financial Services Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.015 Hold/Accumulate Unchanged

Predicted Opening Price for Enterprise Financial Services Corp of Wednesday, June 26, 2024

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