Employers Holdings Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Employers Holdings Inc
(Updated on May 03, 2024)
The Employers Holdings Inc stock price fell by -1.13% on the last day (Friday, 3rd May 2024) from $43.20 to $42.71. During the last trading day the stock fluctuated 2.02% from a day low at $42.48 to a day high of $43.34. The price has been going up and down for this period, and there has been a -3.72% loss for the last 2 weeks. Volume has increased on the last day by 33 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, 108 thousand shares were bought and sold for approximately $4.62 million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $42.50 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Employers Holdings Inc stock with a 90% probability to be traded between $42.57 and $46.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EIG Signals & Forecast
The Employers Holdings Inc 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 $43.17 and $43.85. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.541%. 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).
Support, Risk & Stop-loss for Employers Holdings Inc stock
Employers Holdings Inc finds support from accumulated volume at $42.59 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 $0.86 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $40.61 (-4.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (EIG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Employers Holdings Inc to open at $42.84, and during the day (based on 14 day Average True Range), to move between $41.68 and $43.74, which gives a possible trading interval of +/-$1.03 (+/-2.41%) up or down from last closing price. If Employers Holdings Inc takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.59 (0.28%) than the resistance at $44.01 (3.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Employers Holdings Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.964 Buy Candidate Unchanged
Predicted Opening Price for Employers Holdings Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $42.84 ( 0.312%) | $42.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.70 | 2.33 % | |
| R2 | 43.37 | 1.56 % | ||
| R1 | 43.17 | 1.08 % | ||
| Current price: | 42.71 | |||
| Support | S1 | 42.51 | -0.457 % | |
| S2 | 42.31 | -0.93 % | ||
| S3 | 41.98 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.02 | 5.41 % | |
| R2 | 44.90 | 5.13 % | ||
| R1 | 44.01 | 3.04 % | ||
| Current price | 42.71 | |||
| Support | S1 | 42.59 | -0.281% | |
| S2 | 40.87 | -4.31% | ||
| S3 | 39.81 | -6.79% |
EIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 07, 2024 | May 22, 2024 | $0.300 | 0.702% |
| 2 | Feb 15, 2024 | Feb 27, 2024 | Mar 13, 2024 | $0.280 | 0.635% |
| 3 | Oct 25, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.280 | 0.737% |
| 4 | Jul 26, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.280 | 0.726% |
| 5 | Apr 26, 2023 | May 09, 2023 | May 24, 2023 | $0.280 | 0.759% |
FAQ
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