Empire Co. Ltd. Class A Stock Forecast
Empire Co. Ltd. Class A stock price down 0.244% on Thursday
(Updated on Jun 13, 2024)
The Empire Co. Ltd. Class A stock price fell by -0.244% on the last day (Thursday, 13th Jun 2024) from $32.73 to $32.65. During the last trading day the stock fluctuated 1.23% from a day low at $32.56 to a day high of $32.96. The price has fallen in 6 of the last 10 days but is still up by 3% over the past 2 weeks. 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 -31 thousand shares and in total, 182 thousand shares were bought and sold for approximately $5.94 million.
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 Empire Co. Ltd. Class A stock with a 90% probability to be traded between $32.07 and $34.62 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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EMP-A.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Empire Co. Ltd. Class A 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 $32.81 and $32.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.12%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 02, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Empire Co. Ltd. Class A stock
Empire Co. Ltd. Class A finds support from accumulated volume at $32.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.400 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: $31.19 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (EMP-A.TO) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect Empire Co. Ltd. Class A to open at $32.72, and during the day (based on 14 day Average True Range), to move between $32.10 and $33.20, which gives a possible trading interval of +/-$0.545 (+/-1.67%) up or down from last closing price. If Empire Co. Ltd. Class A takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $32.66 (0.03%) than the support at $32.29 (1.10%), 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.
Earnings coming up
Empire Co. Ltd. Class A will release earnings BMO on Thursday, June 20, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.620. We will update the financials statements for Empire Co. Ltd. Class A, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.17% in the first trading day after earnings release.
Is Empire Co. Ltd. Class A stock A Buy?
Empire Co. Ltd. Class A 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.
Current score: -0.892 Hold/Accumulate Unchanged
Predicted Opening Price for Empire Co. Ltd. Class A of Friday, June 14, 2024
Fair opening price June 14, 2024 | Current price |
---|---|
$32.72 ( 0.225%) | $32.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMP-A.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 33.12 | 1.45% |
R2 | 32.97 | 0.98% |
R1 | 32.88 | 0.693% |
Price | 32.65 | |
S1 | 32.57 | -0.243% |
S2 | 32.48 | -0.533% |
S3 | 32.32 | -1.00% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 32.95 | 0.92% |
R2 | 32.70 | 0.153% |
R1 | 32.66 | 0.0306% |
Price | 32.65 | |
S1 | 32.29 | -1.10% |
S2 | 31.90 | -2.30% |
S3 | 31.70 | -2.91% |
EMP-A Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.183 | 0.571% |
2 | Jan 12, 2024 | Jan 12, 2024 | Jan 31, 2024 | $0.183 | 0.524% |
3 | Oct 12, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.183 | 0.480% |
4 | Jul 13, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.183 | 0.511% |
5 | Apr 13, 2023 | Apr 13, 2023 | Apr 28, 2023 | $0.165 | 0.454% |
FAQ
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