Embecta Corp. Stock Forecast
Embecta Corp. stock price down 0.88% on Tuesday
(Updated on Jun 18, 2024)
The Embecta Corp. stock price fell by -0.88% on the last day (Tuesday, 18th Jun 2024) from $12.57 to $12.46. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.22% from a day low at $12.40 to a day high of $12.68. The price has fallen in 6 of the last 10 days and is down by -2.96% 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 -23 thousand shares and in total, 257 thousand shares were bought and sold for approximately $3.20 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.11% during the next 3 months and, with a 90% probability hold a price between $10.62 and $11.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EMBC Signals & Forecast
There are mixed signals in the stock today. The Embecta Corp. 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 $12.62 and $18.38. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Embecta Corp. stock
Embecta Corp. finds support from accumulated volume at $12.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.275 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EMBC) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Embecta Corp. to open at $12.51, and during the day (based on 14 day Average True Range), to move between $11.94 and $12.98, which gives a possible trading interval of +/-$0.521 (+/-4.18%) up or down from last closing price. If Embecta Corp. takes out the full calculated possible swing range there will be an estimated 8.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.42 (0.32%) than the resistance at $12.99 (4.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Embecta Corp. stock A Buy?
Embecta Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.809 Sell Candidate Unchanged
Predicted Opening Price for Embecta Corp. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $12.51 ( 0.415%) | $12.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMBC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.79 | 2.62% |
| R2 | 12.68 | 1.78% |
| R1 | 12.62 | 1.26% |
| Price | 12.46 | |
| S1 | 12.41 | -0.428% |
| S2 | 12.34 | -0.95% |
| S3 | 12.24 | -1.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.69 | 9.87% |
| R2 | 13.09 | 5.06% |
| R1 | 12.99 | 4.25% |
| Price | 12.46 | |
| S1 | 12.42 | -0.321% |
| S2 | 12.37 | -0.722% |
| S3 | 12.22 | -1.93% |
EMBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 24, 2024 | Jun 14, 2024 | $0.150 | 1.17% |
| 2 | Feb 09, 2024 | Feb 27, 2024 | Mar 15, 2024 | $0.150 | 1.13% |
| 3 | Nov 21, 2023 | Dec 01, 2023 | Dec 15, 2023 | $0.150 | 0.86% |
| 4 | Aug 08, 2023 | Aug 24, 2023 | Sep 13, 2023 | $0.150 | 0.90% |
| 5 | May 12, 2023 | May 25, 2023 | Jun 13, 2023 | $0.150 | 0.589% |
FAQ
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