E-L Financial Corporation Limited Stock Forecast
E-L Financial Corporation Limited stock price ended at $1,096.00 on Monday, after losing 0%.
(Updated on Jun 24, 2024)
No changes to the price of E-L Financial Corporation Limited stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $1,096.00 to a day high of $1,096.00. The price has fallen in 7 of the last 10 days and is down by -3.52% for this period.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $1,096.86. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ELF.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. 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. The E-L Financial Corporation Limited 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 $1,111.48 and $1,118.12. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for E-L Financial Corporation Limited stock
E-L Financial Corporation Limited finds support from accumulated volume at $1,088.50 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.696%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELF.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect E-L Financial Corporation Limited to open at $1,096.00, and during the day (based on 14 day Average True Range), to move between $1,086.36 and $1,105.64, which gives a possible trading interval of +/-$9.64 (+/-0.88%) up or down from last closing price. If E-L Financial Corporation Limited takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1,100.00 (0.36%) than the support at $1,088.50 (0.68%), 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 E-L Financial Corporation Limited stock A Buy?
The E-L Financial Corporation Limited stock holds several negative signals and despite the positive trend, we believe E-L Financial Corporation Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.237 Sell Candidate Unchanged
Predicted Opening Price for E-L Financial Corporation Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $1,096.00 ( 0%) | $1,096.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELF.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,096.00 | - |
| R2 | 1,096.00 | - |
| R1 | 1,096.00 | - |
| Price | 1,096.00 | |
| S1 | 1,096.00 | - |
| S2 | 1,096.00 | - |
| S3 | 1,096.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,121.00 | 2.28% |
| R2 | 1,120.00 | 2.19% |
| R1 | 1,100.00 | 0.365% |
| Price | 1,096.00 | |
| S1 | 1,088.50 | -0.684% |
| S2 | 1,079.01 | -1.55% |
| S3 | 1,073.90 | -2.02% |
ELF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 17, 2024 | $3.75 | 0.338% |
| 2 | May 13, 2024 | May 13, 2024 | Jun 14, 2024 | $60.00 | 5.45% |
| 3 | Mar 27, 2024 | Mar 27, 2024 | Apr 17, 2024 | $3.75 | 0.347% |
| 4 | Nov 07, 2023 | Dec 28, 2023 | Jan 17, 2024 | $3.75 | 0.364% |
| 5 | Aug 09, 2023 | Sep 28, 2023 | Oct 17, 2023 | $3.75 | 0.431% |
FAQ
Click here for our free guide on how to buy E-L Financial Corporation Limited Stock.
