Enzon Pharmaceuticals 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
Big movements in Enzon Pharmaceuticals stock price on Friday moving 15.90% between high and low
(Updated on Apr 26, 2024)
The Enzon Pharmaceuticals stock price fell by -5.17% on the last day (Friday, 26th Apr 2024) from $0.0880 to $0.0835. During the last trading day the stock fluctuated 15.90% from a day low at $0.0720 to a day high of $0.0835. The price has been going up and down for this period, and there has been a -11.97% 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 -3 thousand shares and in total, 900 shares were bought and sold for approximately $75.11 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.76% during the next 3 months and, with a 90% probability hold a price between $0.0462 and $0.0797 at the end of this 3-month period. 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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ENZN Signals & Forecast
The Enzon Pharmaceuticals stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0778 and $0.0783. A breakdown below any of these levels will issue sell signals. 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, April 25, 2024, and so far it has fallen -5.17%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Enzon Pharmaceuticals stock
Enzon Pharmaceuticals finds support from accumulated volume at $0.0828 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0115 between high and low, or 15.90%. For the last week the stock has had daily average volatility of 3.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENZN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Enzon Pharmaceuticals to open at $0.0796, and during the day (based on 14 day Average True Range), to move between $0.0742 and $0.0927, which gives a possible trading interval of +/-$0.0093 (+/-11.11%) up or down from last closing price. If Enzon Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 22.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0836 (0.12%) than the support at $0.0828 (0.78%), 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 Enzon Pharmaceuticals stock A Buy?
Enzon Pharmaceuticals holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.442 Sell Candidate Downgraded
Predicted Opening Price for Enzon Pharmaceuticals of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0796 ( 4.57%) | $0.0835 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENZN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0911 | 9.15 % | |
| R2 | 0.0867 | 3.91 % | ||
| R1 | 0.0840 | 0.668 % | ||
| Current price: | 0.0835 | |||
| Support | S1 | 0.0753 | -9.81 % | |
| S2 | 0.0726 | -13.05 % | ||
| S3 | 0.0682 | -18.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0900 | 7.85 % | |
| R2 | 0.0868 | 3.95 % | ||
| R1 | 0.0836 | 0.120 % | ||
| Current price | 0.0835 | |||
| Support | S1 | 0.0828 | -0.779% | |
| S2 | 0.0800 | -4.13% | ||
| S3 | 0.0700 | -16.12% |
ENZN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 30, 2019 | Sep 30, 2019 | Oct 15, 2019 | $0.120 | 52.17% |
| 2 | Feb 20, 2019 | Feb 20, 2019 | Feb 20, 2019 | $0.0600 | 26.09% |
| 3 | Sep 29, 2017 | Sep 29, 2017 | Sep 29, 2017 | $0.150 | 62.51% |
| 4 | Dec 13, 2016 | Dec 13, 2016 | Dec 13, 2016 | $0.150 | 44.72% |
| 5 | Dec 30, 2015 | Dec 30, 2015 | Dec 30, 2015 | $0.250 | 36.23% |
FAQ
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