ENIC Stock Forecast
Red day on Friday for ENIC
(Updated on Apr 26, 2024)
The ENIC stock price fell by -1.33% on the last day (Friday, 26th Apr 2024) from $3.01 to $2.97. During the last trading day the stock fluctuated 2.03% from a day low at $2.96 to a day high of $3.02. The price has fallen in 5 of the last 10 days but is still up by 0.68% over the past 2 weeks. Volume has increased on the last day by 52 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, 259 thousand shares were bought and sold for approximately $769.33 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.83% during the next 3 months and, with a 90% probability hold a price between $3.01 and $3.37 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ENIC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.32%. 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 ENIC 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 $2.98 and $2.99. 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). ENIC 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".
Support, Risk & Stop-loss for ENIC stock
ENIC finds support from accumulated volume at $2.94 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0600 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENIC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect ENIC to open at $2.98, and during the day (based on 14 day Average True Range), to move between $2.89 and $3.05, which gives a possible trading interval of +/-$0.0813 (+/-2.74%) up or down from last closing price. If ENIC takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.00 (1.01%) than the support at $2.94 (1.01%), 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 ENIC stock A Buy?
The ENIC stock holds several negative signals and despite the positive trend, we believe ENIC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.719 Sell Candidate Unchanged
Predicted Opening Price for ENIC of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$2.98 ( 0.449%) | $2.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENIC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.04 | 2.47 % | |
R2 | 3.02 | 1.70 % | ||
R1 | 3.01 | 1.22 % | ||
Current price: | 2.97 | |||
Support | S1 | 2.96 | -0.323 % | |
S2 | 2.95 | -0.800 % | ||
S3 | 2.92 | -1.57 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.12 | 5.05 % | |
R2 | 3.01 | 1.35 % | ||
R1 | 3.00 | 1.01 % | ||
Current price | 2.97 | |||
Support | S1 | 2.94 | -1.01% | |
S2 | 2.91 | -2.02% | ||
S3 | 2.89 | -2.69% |
ENIC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 28, 2023 | Jan 18, 2024 | Jan 18, 2024 | $0.0344 | 1.23% |
2 | May 04, 2023 | May 18, 2023 | Jun 08, 2023 | $0.318 | 10.00% |
3 | Dec 02, 2022 | Jan 19, 2023 | Feb 09, 2023 | $0.0180 | 0.83% |
4 | May 19, 2021 | May 20, 2021 | May 20, 2021 | $0.219 | 7.37% |
5 | May 19, 2020 | May 19, 2020 | May 21, 2020 | $0.226 | 5.89% |
FAQ
Click here for our free guide on how to buy ENIC Stock.