Enterprise Metals Ltd Stock Forecast

Enterprise Metals Ltd stock price down 0% on Friday
(Updated on Jun 28, 2024)

ENT.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has fallen 0%. 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 Enterprise Metals Ltd 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 A$0.0037 and A$0.0038. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Enterprise Metals Ltd stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved A$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

Our recommended stop-loss: A$0.0028 (-6.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (ENT.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Enterprise Metals Ltd to open at A$0.0030, and during the day (based on 14 day Average True Range), to move between A$0.0027 and A$0.0033, which gives a possible trading interval of +/-A$0.0003 (+/-9.24%) up or down from last closing price. If Enterprise Metals Ltd takes out the full calculated possible swing range there will be an estimated 18.49% move between the lowest and the highest trading price during the day.

Is Enterprise Metals Ltd stock A Buy?

Enterprise Metals Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.469 Hold/Accumulate Unchanged

Predicted Opening Price for Enterprise Metals Ltd of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.