RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ENG
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ENGlobal Corporation stock price up more than 8.11% on Tuesday
(Updated on Jun 18, 2024)

Sell candidate since Jun 11, 2024 Loss -9.09% PDF

The ENGlobal Corporation stock price gained 8.11% on the last trading day (Tuesday, 18th Jun 2024), rising from $1.30 to $1.40. During the last trading day the stock fluctuated 8.44% from a day low at $1.29 to a day high of $1.40. The price has fallen in 7 of the last 10 days and is down by -12.51% for this period. Volume fell on the last day by -2 thousand shares and in total, 16 thousand shares were bought and sold for approximately $22.20 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.06% during the next 3 months and, with a 90% probability hold a price between $1.12 and $1.45 at the end of this 3-month period.

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ENG Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 8.11%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $1.46 and $1.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ENGlobal Corporation stock

ENGlobal Corporation finds support from accumulated volume at $1.35 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.109 between high and low, or 8.44%. For the last week the stock has had daily average volatility of 8.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ENG) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect ENGlobal Corporation to open at $1.36, and during the day (based on 14 day Average True Range), to move between $1.29 and $1.51, which gives a possible trading interval of +/-$0.106 (+/-7.54%) up or down from last closing price. If ENGlobal Corporation takes out the full calculated possible swing range there will be an estimated 15.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.35 (3.57%) than the resistance at $1.55 (10.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ENGlobal Corporation stock A Buy?

ENGlobal Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.734 Sell Candidate Upgraded

Predicted Opening Price for ENGlobal Corporation of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$1.36 ( 2.60%) $1.40

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

Trading levels for ENG

Fibonacci Support & Resistance Levels

Level Price
R3 1.47 5.19%
R2 1.43 2.22%
R1 1.41 0.379%
Price 1.40
S1 1.32 -5.57%
S2 1.30 -7.41%
S3 1.25 -10.38%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1.69 20.71%
R2 1.65 17.86%
R1 1.55 10.71%
Price 1.40
S1 1.35 -3.57%
S2 1.30 -7.50%
S3 0 -

FAQ

What is the symbol for ENGlobal Corporation Stock and on which exchange is it traded?
The symbol for ENGlobal Corporation is ENG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ENGlobal Corporation Stock?
ENGlobal Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy ENGlobal Corporation Stock?
ENGlobal Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ENGlobal Corporation Stock.

What's the current price of ENGlobal Corporation Stock?
As of the end of day on the Jun 18, 2024, the price of an ENGlobal Corporation (ENG) share was $1.40.

What is the 52-week high and low for ENGlobal Corporation Stock?
The 52-week high for ENGlobal Corporation Stock is $2.30 and the 52-week low is $0.240.

What is the market capitalization of ENGlobal Corporation Stock?
As of the Jun 18, 2024, the market capitalization of ENGlobal Corporation is 6.678M.

When is the next earnings date for ENGlobal Corporation?
The upcoming earnings date for ENGlobal Corporation is Aug 08, 2024.
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About ENGlobal Corporation

ENGlobal ENGlobal Corporation provides engineering and professional project execution services primarily to the energy sector in the United States and internationally. It operates through two segments, Commercial and Government Services. The Commercial segment provides multi-disciplined engineering services relating to the development, management, and execution of projects requiring professional engineering and related project management services. It offe... ENG Profile

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