ENGlobal Corporation stock price down 3.88% on Friday
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-10 Loss -16.46% PDF
The ENGlobal Corporation stock price fell by -3.88% on the last day (Friday, 26th Nov 2021) from $2.06 to $1.98. and has now fallen 3 days in a row. During the day the stock fluctuated 6.95% from a day low at $1.87 to a day high of $2.00. The price has fallen in 7 of the last 10 days and is down by -17.5% for this period. Volume has increased on the last day by 396 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, 883 thousand shares were bought and sold for approximately $1.75 million.
Given the current short-term trend, the stock is expected to rise 3.85% during the next 3 months and, with a 90% probability hold a price between $2.06 and $3.38 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The ENGlobal Corporation 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 $2.09 and $2.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 01, 2021, and so far it has fallen -37.74%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
ENGlobal Corporation finds support from accumulated volume at $1.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.13 between high and low, or 6.95%. For the last week, the stock has had a daily average volatility of 7.29%.
ENGlobal Corporation is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is ENGlobal Corporation stock A Buy?
The ENGlobal Corporation stock holds several negative signals and despite the positive trend, we believe ENGlobal Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.217
Predicted Opening Price for ENGlobal Corporation of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Nov 03, 2021 "Alliance Global Partners" gave "" rating for ENG. The price target was set to $2.48+2.1%.
ENG Insider Trading
|Aug 26, 2021||Buy||25 253||Kirchner Lloyd G.||Common Stock|
|Aug 26, 2021||Buy||25 253||Palma Kevin M||Common Stock|
|Aug 26, 2021||Buy||25 253||Sorrells Christopher D.||Common Stock|
|Mar 19, 2021||Sell||20 000||Gent David W||Common Stock|
|Mar 17, 2021||Sell||3 850||Palma Kevin M||Common stock|
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Accumulated Volume Support & Resistance Levels
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