E.ON SE Stock Forecast
E.ON SE stock upgraded to Strong Buy Candidate.
(Updated on May 16, 2024)
The E.ON SE stock price gained 0.87% on the last trading day (Thursday, 16th May 2024), rising from $14.45 to $14.58. During the last trading day the stock fluctuated 0% from a day low at $14.58 to a day high of $14.58. The price has risen in 5 of the last 10 days and is up by 12.03% over the past 2 weeks. Volume fell on the last day by -526 shares and in total, 3 thousand shares were bought and sold for approximately $43.77 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $14.76 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.68% during the next 3 months and, with a 90% probability hold a price between $13.37 and $15.59 at the end of this 3-month period.
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ENAKF Signals & Forecast
The E.ON SE 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 $14.18 and $13.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 17.83%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for E.ON SE stock
E.ON SE finds support from accumulated volume at $14.45 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: $13.93 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (ENAKF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect E.ON SE to open at $14.58, and during the day (based on 14 day Average True Range), to move between $14.27 and $14.88, which gives a possible trading interval of +/-$0.301 (+/-2.06%) up or down from last closing price. If E.ON SE takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $14.45, some $0.125 (0.86%) from the current price of $14.58, our system finds the risk reward attractive.
Earnings coming up
E.ON SE will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for E.ON SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.425% in the first trading day after earnings release.
Is E.ON SE stock A Buy?
E.ON SE holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.133 Strong Buy Candidate Upgraded
Predicted Opening Price for E.ON SE of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| $14.58 ( 0.00000000%) | $14.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENAKF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.58 | 0.00000000 % | |
| R2 | 14.58 | 0.00000000 % | ||
| R1 | 14.58 | 0.00000000 % | ||
| Current price: | 14.58 | |||
| Support | S1 | 14.58 | 0.00000000 % | |
| S2 | 14.58 | 0.00000000 % | ||
| S3 | 14.58 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 14.58 | |||
| Support | S1 | 14.45 | -0.86% | |
| S2 | 13.59 | -6.72% | ||
| S3 | 12.97 | -11.01% |
ENAKF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | $0 | 0% |
| 2 | May 18, 2023 | May 18, 2023 | May 22, 2023 | $0.553 | 4.50% |
| 3 | May 13, 2022 | May 13, 2022 | May 17, 2022 | $0.509 | 4.97% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | $0.572 | 4.43% |
| 5 | May 29, 2020 | May 29, 2020 | May 29, 2020 | $0.510 | 4.71% |
FAQ
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