Enersys Stock Forecast
Weaker technical forecast for Enersys as stock downgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The Enersys stock price gained 0.138% on the last trading day (Tuesday, 2nd Jul 2024), rising from $101.62 to $101.76. During the last trading day the stock fluctuated 0.97% from a day low at $101.46 to a day high of $102.44. The price has been going up and down for this period, and there has been a -1.44% loss for the last 2 weeks. Volume fell on the last day by -46 thousand shares and in total, 130 thousand shares were bought and sold for approximately $13.20 million. 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.
Given the current short-term trend, the stock is expected to rise 20.68% during the next 3 months and, with a 90% probability hold a price between $122.80 and $137.18 at the end of this 3-month period.
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ENS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enersys 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 $102.63 and $103.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -7.14%. 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).
Support, Risk & Stop-loss for Enersys stock
Enersys finds support from accumulated volume at $97.38 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 $0.98 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Enersys to open at $101.89, and during the day (based on 14 day Average True Range), to move between $99.35 and $104.17, which gives a possible trading interval of +/-$2.41 (+/-2.36%) up or down from last closing price. If Enersys takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $106.13 (4.29%) than the support at $97.38 (4.30%), 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 Enersys stock A Buy?
The Enersys stock holds several negative signals and despite the positive trend, we believe Enersys will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.533 Sell Candidate Downgraded
Predicted Opening Price for Enersys of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$101.89 ( 0.123%) | $101.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 102.87 | 1.09% |
R2 | 102.49 | 0.721% |
R1 | 102.26 | 0.493% |
Price | 101.76 | |
S1 | 101.51 | -0.247% |
S2 | 101.28 | -0.475% |
S3 | 100.90 | -0.85% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 107.95 | 6.08% |
R2 | 107.18 | 5.33% |
R1 | 106.13 | 4.29% |
Price | 101.76 | |
S1 | 97.38 | -4.30% |
S2 | 90.99 | -10.58% |
S3 | 89.42 | -12.13% |
ENS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.225 | 0.217% |
2 | Feb 07, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.225 | 0.238% |
3 | Nov 08, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.225 | 0.223% |
4 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.230 | 0.243% |
5 | May 24, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.175 | 0.161% |
FAQ
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