Endesa S.A. Stock Forecast
Green day on Tuesday for Endesa S.A. stock after gaining 0.387%
(Updated on Jun 25, 2024)
The Endesa S.A. stock price gained 0.387% on the last trading day (Tuesday, 25th Jun 2024), rising from $10.33 to $10.37. During the last trading day the stock fluctuated 2.67% from a day low at $10.10 to a day high of $10.37. The price has risen in 5 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 122 shares were bought and sold for approximately $1.27 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 upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $10.49 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.34% during the next 3 months and, with a 90% probability hold a price between $11.19 and $11.89 at the end of this 3-month period.
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ELEZY Signals & Forecast
The Endesa S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.11 and $9.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 5.49%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Endesa S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.23 and $9.16. 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, Endesa S.A. finds support just below today's level at $9.23. If this is broken, then the next support from accumulated volume will be at $9.16 and $9.07.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.270 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 1.03%
Our recommended stop-loss: $9.88 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ELEZY) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Endesa S.A. to open at $10.28, and during the day (based on 14 day Average True Range), to move between $10.21 and $10.53, which gives a possible trading interval of +/-$0.157 (+/-1.51%) up or down from last closing price. If Endesa S.A. takes out the full calculated possible swing range there will be an estimated 3.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.23, some $1.14 (10.99%) from the current price of $10.37, our system finds the risk reward attractive.
Is Endesa S.A. stock A Buy?
Endesa S.A. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.714 Strong Buy Candidate Unchanged
Predicted Opening Price for Endesa S.A. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $10.28 ( 0.87%) | $10.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELEZY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.55 | 1.74% |
| R2 | 10.45 | 0.741% |
| R1 | 10.38 | 0.127% |
| Price | 10.37 | |
| S1 | 10.18 | -1.86% |
| S2 | 10.11 | -2.48% |
| S3 | 10.01 | -3.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 10.37 | |
| S1 | 9.23 | -10.99% |
| S2 | 9.16 | -11.67% |
| S3 | 9.07 | -12.54% |
ELEZY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 16, 2024 | $0.191 | 1.87% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 17, 2024 | $0.193 | 1.84% |
| 3 | Jun 21, 2023 | Jun 29, 2023 | Jul 18, 2023 | $0.86 | 7.89% |
| 4 | Jun 22, 2022 | Jun 29, 2022 | Jul 18, 2022 | $0.487 | 5.47% |
| 5 | Dec 23, 2021 | Dec 30, 2021 | Jan 18, 2022 | $0.283 | 2.58% |
FAQ
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