Enersys Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Enersys stock price after Friday trading.
(Updated on May 03, 2024)
The Enersys stock price gained 1.00% on the last trading day (Friday, 3rd May 2024), rising from $92.36 to $93.28. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.71% from a day low at $92.24 to a day high of $94.74. The price has risen in 7 of the last 10 days and is up by 3.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 170 thousand shares were bought and sold for approximately $15.88 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $94.00 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Enersys stock with a 90% probability to be traded between $85.85 and $92.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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ENS Signals & Forecast
The Enersys stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $91.61 and $91.37. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.25%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Enersys stock
Enersys finds support from accumulated volume at $91.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.50 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: $89.71 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (ENS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Enersys to open at $93.42, and during the day (based on 14 day Average True Range), to move between $91.59 and $94.97, which gives a possible trading interval of +/-$1.69 (+/-1.81%) up or down from last closing price. If Enersys takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $93.81 (0.57%) than the support at $91.84 (1.54%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Enersys stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.428 Buy Candidate Upgraded
Predicted Opening Price for Enersys of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $93.42 ( 0.150%) | $93.28 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 95.92 | 2.83 % | |
| R2 | 94.97 | 1.81 % | ||
| R1 | 94.38 | 1.17 % | ||
| Current price: | 93.28 | |||
| Support | S1 | 92.47 | -0.87 % | |
| S2 | 91.88 | -1.51 % | ||
| S3 | 90.92 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.98 | 5.04 % | |
| R2 | 94.46 | 1.27 % | ||
| R1 | 93.81 | 0.568 % | ||
| Current price | 93.28 | |||
| Support | S1 | 91.84 | -1.54% | |
| S2 | 90.87 | -2.58% | ||
| S3 | 90.38 | -3.11% |
ENS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.225 | 0.238% |
| 2 | Nov 08, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.225 | 0.223% |
| 3 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.230 | 0.243% |
| 4 | May 24, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.175 | 0.161% |
| 5 | Feb 08, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.175 | 0.201% |
FAQ
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