ENB Financial Corp Stock Forecast
ENB Financial Corp stock price ended at $15.00 on Friday, after losing 1.32%.
(Updated on May 03, 2024)
The ENB Financial Corp stock price fell by -1.32% on the last day (Friday, 3rd May 2024) from $15.20 to $15.00. During the last trading day the stock fluctuated 3.79% from a day low at $14.50 to a day high of $15.05. The price has risen in 4 of the last 10 days and is up by 2.74% over the past 2 weeks. Volume has increased on the last day by 5 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, 6 thousand shares were bought and sold for approximately $91.34 thousand.
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 ENB Financial Corp stock with a 90% probability to be traded between $14.29 and $15.26 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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ENBP Signals & Forecast
The ENB Financial Corp 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 $14.98 and $14.59. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.32%. Further fall is indicated until a new bottom pivot has been found. ENB Financial Corp 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 buy signal from a double bottom formation was found on Thursday, April 04, 2024 with a target of $14.66. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for ENB Financial Corp stock
ENB Financial Corp 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 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 $0.550 (3.79%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: $14.51 (-3.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ENBP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ENB Financial Corp to open at $14.85, and during the day (based on 14 day Average True Range), to move between $14.73 and $15.27, which gives a possible trading interval of +/-$0.274 (+/-1.82%) up or down from last closing price. If ENB Financial Corp takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.15 (1.00%) than the support at $14.45 (3.67%), 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.
Is ENB Financial Corp stock A Buy?
ENB Financial Corp 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: 0.526 Hold/Accumulate Unchanged
Predicted Opening Price for ENB Financial Corp of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $14.85 ( 1.00%) | $15.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENBP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.40 | 2.67 % | |
| R2 | 15.19 | 1.27 % | ||
| R1 | 15.06 | 0.401 % | ||
| Current price: | 15.00 | |||
| Support | S1 | 14.64 | -2.40 % | |
| S2 | 14.51 | -3.27 % | ||
| S3 | 14.30 | -4.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.33 | 2.20 % | |
| R2 | 15.20 | 1.33 % | ||
| R1 | 15.15 | 1.00 % | ||
| Current price | 15.00 | |||
| Support | S1 | 14.45 | -3.67% | |
| S2 | 14.40 | -4.00% | ||
| S3 | 14.30 | -4.67% |
ENBP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 14, 2024 | $0.170 | 1.13% |
| 2 | Jan 17, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.170 | 1.17% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Dec 15, 2023 | $0.170 | 1.15% |
| 4 | Jul 19, 2023 | Aug 14, 2023 | Sep 15, 2023 | $0.170 | 1.28% |
| 5 | Apr 19, 2023 | May 12, 2023 | Jun 15, 2023 | $0.170 | 1.23% |
FAQ
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