Red day on Friday for Entegris stock after losing 3.4%
(Updated on Dec 03, 2021)
Buy or Hold candidate since 2021-10-14 Gain 15.75% PDF
The Entegris stock price fell by -3.40% on the last day (Friday, 3rd Dec 2021) from $153.25 to $148.04. During the day the stock fluctuated 6.58% from a day low at $145.96 to a day high of $155.57. The price has been going up and down for this period, and there has been a -3.76% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -477 thousand shares and in total, 992 thousand shares were bought and sold for approximately $146.91 million.
The stock lies in the middle of a 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 27.76% during the next 3 months and, with a 90% probability hold a price between $180.03 and $200.52 at the end of this 3-month period.
Signals & Forecast
The Entegris 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 $150.19. On a fall, the stock will find some support from the long-term average at approximately $144.55. 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. 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 Monday, November 29, 2021, and so far it has fallen -4.34%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
Entegris finds support from accumulated volume at $147.95 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 $9.60 between high and low, or 6.58%. For the last week the stock has had a daily average volatility of 5.79%.
Our recommended stop-loss: $140.01 (-5.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Is Entegris stock A Buy?
Several short-term signals, along with a general good trend, 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.
Current score: 2.650
Predicted Opening Price for Entegris of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Dec 02, 2021 "Loop Capital" gave "$150.00 - $165.00" rating for ENTG. The price target was set to $150.65+1.3%.
ENTG Insider Trading
|Dec 01, 2021||Sell||1 025||O'neill James Anthony||Common Stock|
|Nov 29, 2021||Sell||2 079||Rucci Corey||Employee Stock Option (Right to Buy)|
|Nov 29, 2021||Sell||6 748||Rucci Corey||Employee Stock Option (Right to Buy)|
|Nov 29, 2021||Sell||2 079||Rucci Corey||Common Stock|
|Nov 29, 2021||Buy||2 079||Rucci Corey||Common Stock|
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