Enservco Corporation Stock Forecast
Volatile ride for Enservco Corporation stock price on Friday moving between $0.256 and $0.290
(Updated on Apr 19, 2024)
The Enservco Corporation stock price gained 7.46% on the last trading day (Friday, 19th Apr 2024), rising from $0.262 to $0.281. During the last trading day the stock fluctuated 13.20% from a day low at $0.256 to a day high of $0.290. The price has been going up and down for this period, and there has been a -3.1% 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, 178 thousand more shares were traded than the day before. In total, 812 thousand shares were bought and sold for approximately $228.22 thousand.
The stock lies in the middle of a very wide and strong 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 28.79% during the next 3 months and, with a 90% probability hold a price between $0.272 and $0.430 at the end of this 3-month period.
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ENSV Signals & Forecast
The Enservco Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.293. On a fall, the stock will find some support from the long-term average at approximately $0.229. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Enservco Corporation 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. 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 Tuesday, April 16, 2024, and so far it has fallen -14.87%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Enservco Corporation stock
Enservco Corporation finds support from accumulated volume at $0.274 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0338 between high and low, or 13.20%. For the last week, the stock has had daily average volatility of 21.30%.
Our recommended stop-loss: $0.265 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ENSV) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Enservco Corporation to open at $0.276, and during the day (based on 14 day Average True Range), to move between $0.239 and $0.323, which gives a possible trading interval of +/-$0.0423 (+/-15.04%) up or down from last closing price. If Enservco Corporation takes out the full calculated possible swing range there will be an estimated 30.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.274 (2.49%) than the resistance at $0.290 (3.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enservco Corporation stock A Buy?
Enservco Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.097 Hold/Accumulate Downgraded
Predicted Opening Price for Enservco Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$0.276 ( 1.90%) | $0.281 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENSV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.309 | 10.13 % | |
R2 | 0.297 | 5.54 % | ||
R1 | 0.289 | 2.70 % | ||
Current price: | 0.281 | |||
Support | S1 | 0.263 | -6.49 % | |
S2 | 0.255 | -9.33 % | ||
S3 | 0.242 | -13.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.316 | 12.42 % | |
R2 | 0.310 | 10.32 % | ||
R1 | 0.290 | 3.20 % | ||
Current price | 0.281 | |||
Support | S1 | 0.274 | -2.49% | |
S2 | 0.235 | -16.37% | ||
S3 | 0.229 | -18.51% |
ENSV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 02, 2009 | Dec 03, 2009 | Nov 23, 2020 | $10.95 | 538.08% |
2 | Nov 08, 2006 | Nov 16, 2006 | Dec 06, 2006 | $0.750 | 1.45% |
FAQ
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