EKINOPS S.A. Stock Forecast
Big movements in EKINOPS S.A. stock price on Thursday moving 16.86% between high and low
(Updated on May 16, 2024)
The EKINOPS S.A. stock price gained 15.70% on the last trading day (Thursday, 16th May 2024), rising from 3.44€ to 3.98€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 16.86% from a day low at 3.44€ to a day high of 4.02€. The price has risen in 7 of the last 10 days and is up by 23.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 95 thousand more shares were traded than the day before. In total, 118 thousand shares were bought and sold for approximately 469.12€ thousand.
Given the current short-term trend, the stock is expected to fall -14.51% during the next 3 months and, with a 90% probability hold a price between 2.37€ and 3.40€ 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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EKI.PA Signals & Forecast
Mostly positive signals in the chart today. The EKINOPS S.A. 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 3.42€ and 3.48€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 25.35%. 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). EKINOPS S.A. 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.
Support, Risk & Stop-loss for EKINOPS S.A. stock
EKINOPS S.A. finds support from accumulated volume at 3.82€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.580€ between high and low, or 16.86%. For the last week, the stock has had daily average volatility of 5.23%.
The EKINOPS S.A. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: 3.85€ (-3.36%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (EKI.PA) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect EKINOPS S.A. to open at 3.81€, and during the day (based on 14 day Average True Range), to move between 3.86€ and 4.10€, which gives a possible trading interval of +/-0.119€ (+/-3.00%) up or down from last closing price. If EKINOPS S.A. takes out the full calculated possible swing range there will be an estimated 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.03€ (1.26%) than the support at 3.82€ (4.15%), 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 EKINOPS S.A. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.516 Buy Candidate Upgraded
Predicted Opening Price for EKINOPS S.A. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 3.81€ ( 4.19%) | 3.98€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.39 | 10.39 % | |
| R2 | 4.17 | 4.82 % | ||
| R1 | 4.03 | 1.38 % | ||
| Current price: | 3.98 | |||
| Support | S1 | 3.59 | -9.75 % | |
| S2 | 3.45 | -13.19 % | ||
| S3 | 3.23 | -18.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.24 | 6.53 % | |
| R2 | 4.08 | 2.39 % | ||
| R1 | 4.03 | 1.26 % | ||
| Current price | 3.98 | |||
| Support | S1 | 3.82 | -4.15% | |
| S2 | 3.62 | -9.05% | ||
| S3 | 3.46 | -13.07% |
FAQ
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