Elanor Investors Group Stock Forecast
Elanor Investors Group stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Elanor Investors Group stock price gained 2.54% on the last trading day (Wednesday, 26th Jun 2024), rising from $0.99 to $1.01. During the last trading day the stock fluctuated 3.06% from a day low at $0.98 to a day high of $1.01. The price has been going up and down for this period, and there has been a -4.27% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 129 thousand shares were bought and sold for approximately $130.40 thousand.
The stock lies in the middle of a 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 -15.10% during the next 3 months and, with a 90% probability hold a price between $0.83 and $0.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ENN.AX Signals & Forecast
There are mixed signals in the stock today. The Elanor Investors Group 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 $1.05 and $1.09. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.54%. 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). Elanor Investors Group has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Elanor Investors Group stock
Elanor Investors Group finds support from accumulated volume at $0.99 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 $0.0300 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 4.12%.
Our recommended stop-loss: $0.96 (-4.65%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (ENN.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Elanor Investors Group to open at $1.00, and during the day (based on 14 day Average True Range), to move between $0.97 and $1.05, which gives a possible trading interval of +/-$0.0352 (+/-3.48%) up or down from last closing price. If Elanor Investors Group takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.99 (2.48%) than the resistance at $1.07 (5.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Elanor Investors Group stock A Buy?
Elanor Investors Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.586 Hold/Accumulate Upgraded
Predicted Opening Price for Elanor Investors Group of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $1.00 ( 0.99%) | $1.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENN.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.03 | 1.98% |
| R2 | 1.02 | 0.85% |
| R1 | 1.01 | 0.145% |
| Price | 1.01 | |
| S1 | 0.99 | -2.12% |
| S2 | 0.98 | -2.83% |
| S3 | 0.97 | -3.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.17 | 15.84% |
| R2 | 1.15 | 13.86% |
| R1 | 1.07 | 5.94% |
| Price | 1.01 | |
| S1 | 0.99 | -2.48% |
| S2 | 0 | - |
| S3 | 0 | - |
ENN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 30, 2024 | $0.0250 | 2.48% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Feb 29, 2024 | $0.0475 | 3.96% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.0150 | 0.92% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.0751 | 4.52% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $0.0443 | 2.73% |
FAQ
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