Electro-Sensors Stock Forecast
Stronger technical forecast for Electro-Sensors stock price after Tuesday trading.
(Updated on May 07, 2024)
No changes to the price of Electro-Sensors stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 2.96% from a day low at $4.06 to a day high of $4.18. The price has been going up and down for this period, and there has been a -1.69% loss for the last 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Electro-Sensors stock with a 90% probability to be traded between $3.96 and $4.30 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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ELSE Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 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 Electro-Sensors 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 $4.12 and $4.12. 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 Electro-Sensors stock
Electro-Sensors finds support from accumulated volume at $4.05 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 $0.120 between high and low, or 2.96%. For the last week the stock has had daily average volatility of 2.27%
Our recommended stop-loss: $3.81 (-6.04%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (ELSE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Electro-Sensors to open at $4.10, and during the day (based on 14 day Average True Range), to move between $3.94 and $4.18, which gives a possible trading interval of +/-$0.119 (+/-2.92%) up or down from last closing price. If Electro-Sensors takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.05 (0.25%) than the resistance at $4.13 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Electro-Sensors will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Electro-Sensors, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.72% in the first trading day after earnings release.
Is Electro-Sensors stock A Buy?
Electro-Sensors holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.317 Hold/Accumulate Upgraded
Predicted Opening Price for Electro-Sensors of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $4.10 ( 0.99%) | $4.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELSE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.22 | 3.94 % | |
| R2 | 4.17 | 2.81 % | ||
| R1 | 4.15 | 2.11 % | ||
| Current price: | 4.06 | |||
| Support | S1 | 4.05 | -0.144 % | |
| S2 | 4.03 | -0.84 % | ||
| S3 | 3.98 | -1.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.20 | 3.45 % | |
| R2 | 4.15 | 2.22 % | ||
| R1 | 4.13 | 1.72 % | ||
| Current price | 4.06 | |||
| Support | S1 | 4.05 | -0.246% | |
| S2 | 4.01 | -1.23% | ||
| S3 | 3.95 | -2.71% |
ELSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2013 | May 08, 2013 | May 24, 2013 | $0.0400 | 0.94% |
| 2 | Jan 23, 2013 | Feb 06, 2013 | Feb 22, 2013 | $0.0400 | 1.02% |
| 3 | Oct 17, 2012 | Oct 31, 2012 | Nov 16, 2012 | $0.0400 | 1.08% |
| 4 | Jul 18, 2012 | Aug 01, 2012 | Aug 17, 2012 | $0.0400 | 1.00% |
| 5 | Apr 19, 2012 | May 02, 2012 | May 18, 2012 | $0.0400 | 0.99% |
FAQ
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