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Emmis Communications Corporation Stock Forecast NASDAQ:EMMS

$2.25 (0%)

Volume: 37

Closed: Dec 03, 2021

Hollow Logo Score: 0.000

Emmis Communications Corporation Stock Forecast

$2.25 (0%)

Volume: 37

Closed: Dec 03, 2021

Score Hollow Logo 0.000
Which way will EMMS go? Request
Stop-loss: $2.15 (-4.54%)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Red day on Friday for Emmis Communications Corporation stock after losing 0%
(Updated on Dec 03, 2021)


Hold candidate since 2021-11-29

No changes to the price of Emmis Communications Corporation stock on the last trading day (Friday, 3rd Dec 2021). During the day the stock fluctuated 0% from a day low at $2.25 to a day high of $2.25. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.31% during the next 3 months and, with a 90% probability hold a price between $1.01 and $2.89 at the end of this 3-month period.

Signals & Forecast

The Emmis Communications Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.25 and $1.90. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 02, 2021, and so far it has fallen -13.46%. 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).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $2.10 and $2.05. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Emmis Communications Corporation finds support just below today's level at $2.10. If this is broken, then the next support from accumulated volume will be at $2.05 and $2.00.

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 between high and low, or 0%. For the last week, the stock has had a daily average volatility of 0%.

Our recommended stop-loss: $2.15 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)

Is Emmis Communications Corporation stock A Buy?

Emmis Communications Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000

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 Emmis Communications Corporation of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$2.25 $2.25 (Undervalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 0 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $2.45
Price: $2.25
Support: $2.10

EMMS Insider Trading Show all Trades

INSIDER POWER

2.244

Last 100 transactions
Buy: 880 698 | Sell: 392 408 (Shares)
Date Action Amount Person Type
Aug 01, 2020 Sell 15 315 Walsh Patrick M Class A Common Stock
Mar 02, 2020 Buy 20 000 Loewen Gregory T Employee Stock Option Right To Buy
Mar 02, 2020 Buy 10 000 Loewen Gregory T Class A Common Stock
Mar 02, 2020 Buy 20 000 Hornaday Ryan A Employee Stock Option Right To Buy
Mar 02, 2020 Buy 10 000 Hornaday Ryan A Class A Common Stock
Show all Insider Trades
INSIDER POWER

2.244

Last 100 transactions
Buy: 880 698 | Sell: 392 408 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.25 .
2.25 .
2.25 .
Current price: 2.25
Support 2.25 .
2.25 .
2.25 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
2.60 15.56 %
2.45 8.89 %
Current price 2.25
Support 2.10 -6.67%
2.05 -8.89%
2.00 -11.11%

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About Emmis Communications Corporation

Emmis Communications Emmis Communications Corp., a diversified media company, engages in radio broadcasting activities in the United States. The company operates in three segments: Radio, Publishing, and Corporate & Emerging Technologies. It operates 19 FM and 4 AM radio stations in New York, Los Angeles, St. Louis, Austin, Indianapolis, and Terre Haute, Indiana. The company also publishes various city and regional magazines, which include Texas Monthly, Los Angeles,... Read more

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