Energy One Limited Stock Forecast
Energy One Limited stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of Energy One Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.14% from a day low at $4.21 to a day high of $4.30. The price has fallen in 5 of the last 10 days but is still up by 4.88% over the past 2 weeks.
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 $4.30 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Energy One Limited stock with a 90% probability to be traded between $3.96 and $4.36 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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EOL.AX Signals & Forecast
The Energy One Limited 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 $4.26 and $4.10. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Energy One Limited stock
Energy One Limited finds support from accumulated volume at $4.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0900 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: $4.15 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (EOL.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Energy One Limited to open at $4.27, and during the day (based on 14 day Average True Range), to move between $4.23 and $4.37, which gives a possible trading interval of +/-$0.0735 (+/-1.71%) up or down from last closing price. If Energy One Limited takes out the full calculated possible swing range there will be an estimated 3.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.15, some $0.150 (3.49%) from the current price of $4.30, our system finds the risk reward attractive.
Is Energy One Limited 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 Energy One Limited stock to perform well in the short-term period.
Current score: 2.158 Buy Candidate Unchanged
Predicted Opening Price for Energy One Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $4.27 ( 0.698%) | $4.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EOL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.36 | 1.40 % | |
| R2 | 4.33 | 0.596 % | ||
| R1 | 4.30 | 0.102 % | ||
| Current price: | 4.30 | |||
| Support | S1 | 4.24 | -1.50 % | |
| S2 | 4.21 | -1.99 % | ||
| S3 | 4.18 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 4.30 | |||
| Support | S1 | 4.15 | -3.49% | |
| S2 | 4.00 | -6.98% | ||
| S3 | 3.85 | -10.47% |
EOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | $0.0600 | 1.23% |
| 2 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | $0.0599 | 1.17% |
| 3 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | $0.0349 | 0.85% |
| 4 | Aug 22, 2019 | Oct 03, 2019 | Oct 21, 2019 | $0.0299 | 1.13% |
| 5 | Aug 17, 2018 | Sep 27, 2018 | Oct 26, 2018 | $0.0200 | 2.04% |
FAQ
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