Electro-Sensors Stock Forecast
Electro-Sensors stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The Electro-Sensors stock price fell by -0.506% on the last day (Tuesday, 2nd Jul 2024) from $3.95 to $3.93. During the last trading day the stock fluctuated 0.0025% from a day low at $3.93 to a day high of $3.93. The price has fallen in 5 of the last 10 days and is down by -2.96% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately $5.29 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.90 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.69% during the next 3 months and, with a 90% probability hold a price between $3.76 and $3.99 at the end of this 3-month period.
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ELSE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 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 $3.96 and $4.03. 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). Electro-Sensors gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, April 18, 2024 with a target of $4.00. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Electro-Sensors stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0001 between high and low, or 0.0025%. For the last week the stock has had daily average volatility of 0.153%.
Our recommended stop-loss: $3.72 (-5.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (ELSE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Electro-Sensors to open at $3.93, and during the day (based on 14 day Average True Range), to move between $3.89 and $3.97, which gives a possible trading interval of +/-$0.0403 (+/-1.03%) up or down from last closing price. If Electro-Sensors takes out the full calculated possible swing range there will be an estimated 2.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $4.01, some $0.0800 (2.04%) from the current price of $3.93, our system finds the risk reward not very attractive.
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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Electro-Sensors of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $3.93 ( 0.0008%) | $3.93 |
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 | |
|---|---|---|
| R3 | 3.93 | 0.0017% |
| R2 | 3.93 | 0.0007% |
| R1 | 3.93 | 0.0001% |
| Price | 3.93 | |
| S1 | 3.93 | -0.0018% |
| S2 | 3.93 | -0.0024% |
| S3 | 3.93 | -0.0034% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.20 | 6.87% |
| R2 | 4.06 | 3.31% |
| R1 | 4.01 | 2.04% |
| Price | 3.93 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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