Endesa S.A. 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
A very red day for Endesa S.A. stock price after a -5.25% fall in the Friday trading session
(Updated on Jun 28, 2024)
The Endesa S.A. stock price fell by -5.25% on the last day (Friday, 28th Jun 2024) from $9.90 to $9.38. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.642% from a day low at $9.35 to a day high of $9.41. The price has fallen in 5 of the last 10 days and is down by -5.35% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $21.46 thousand.
Given the current short-term trend, the stock is expected to rise 12.48% during the next 3 months and, with a 90% probability hold a price between $10.55 and $11.73 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ELEZY Signals & Forecast
There are few to no technical positive signals at the moment. The Endesa S.A. 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 $10.06 and $9.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -9.55%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Endesa S.A. stock
Endesa S.A. finds support from accumulated volume at $9.23 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 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 $0.0600 between high and low, or 0.642%. For the last week the stock has had daily average volatility of 1.43%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELEZY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Endesa S.A. to open at $9.38, and during the day (based on 14 day Average True Range), to move between $9.18 and $9.58, which gives a possible trading interval of +/-$0.203 (+/-2.17%) up or down from last closing price. If Endesa S.A. takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.51 (1.39%) than the support at $9.23 (1.60%), 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 Endesa S.A. stock A Buy?
The Endesa S.A. stock holds several negative signals and despite the positive trend, we believe Endesa S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.406 Sell Candidate Upgraded
Predicted Opening Price for Endesa S.A. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $9.38 ( 0%) | $9.38 |
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 | 9.44 | 0.640% |
| R2 | 9.42 | 0.395% |
| R1 | 9.40 | 0.244% |
| Price | 9.38 | |
| S1 | 9.36 | -0.244% |
| S2 | 9.34 | -0.395% |
| S3 | 9.32 | -0.640% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.98 | 6.40% |
| R2 | 9.83 | 4.80% |
| R1 | 9.51 | 1.39% |
| Price | 9.38 | |
| S1 | 9.23 | -1.60% |
| S2 | 9.16 | -2.35% |
| S3 | 9.07 | -3.30% |
ELEZY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 16, 2024 | $0.191 | 2.03% |
| 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
Click here for our free guide on how to buy Endesa S.A. Stock.
