Entegris Stock Forecast
Entegris stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Entegris stock price gained 2.30% on the last trading day (Tuesday, 2nd Jul 2024), rising from $133.54 to $136.61. During the last trading day the stock fluctuated 3.20% from a day low at $132.49 to a day high of $136.73. The price has risen in 6 of the last 10 days and is up by 0.74% over the past 2 weeks. Volume fell on the last day by -266 thousand shares and in total, 973 thousand shares were bought and sold for approximately $132.87 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.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $137.93 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Entegris stock with a 90% probability to be traded between $123.64 and $138.78 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.
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ENTG Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -0.83%. 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). The Entegris 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 $134.16 and $132.08. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Entegris stock
Entegris finds support from accumulated volume at $135.40 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 $4.24 (3.20%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: $131.55 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (ENTG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Entegris to open at $135.28, and during the day (based on 14 day Average True Range), to move between $132.24 and $140.98, which gives a possible trading interval of +/-$4.37 (+/-3.20%) up or down from last closing price. If Entegris takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $137.33 (0.53%) than the support at $135.40 (0.89%), 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 Entegris 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 Entegris 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: 1.370 Buy Candidate Upgraded
Predicted Opening Price for Entegris of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $135.28 ( 0.98%) | $136.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENTG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 139.52 | 2.13% |
| R2 | 137.90 | 0.94% |
| R1 | 136.90 | 0.210% |
| Price | 136.61 | |
| S1 | 133.66 | -2.16% |
| S2 | 132.66 | -2.89% |
| S3 | 131.04 | -4.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 137.75 | 0.83% |
| R2 | 137.73 | 0.82% |
| R1 | 137.33 | 0.527% |
| Price | 136.61 | |
| S1 | 135.40 | -0.89% |
| S2 | 126.35 | -7.51% |
| S3 | 123.31 | -9.74% |
ENTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 30, 2024 | May 22, 2024 | $0.100 | 0.0763% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 21, 2024 | $0.100 | 0.0744% |
| 3 | Oct 31, 2023 | Oct 31, 2023 | Nov 22, 2023 | $0.100 | 0.0969% |
| 4 | Jul 19, 2023 | Aug 01, 2023 | Aug 23, 2023 | $0.100 | 0.101% |
| 5 | Apr 19, 2023 | May 02, 2023 | May 24, 2023 | $0.100 | 0.106% |
FAQ
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