E. On SE Stock Forecast
Green day on Thursday for E. On SE stock after gaining 1.38%
(Updated on May 02, 2024)
The E. On SE stock price gained 1.38% on the last trading day (Thursday, 2nd May 2024), rising from $13.29 to $13.47. During the last trading day the stock fluctuated 0.97% from a day low at $13.34 to a day high of $13.47. The price has risen in 7 of the last 10 days and is up by 2.9% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 48 thousand shares were bought and sold for approximately $648.46 thousand. 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 stock lies in the middle of a wide and weak 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 4.26% during the next 3 months and, with a 90% probability hold a price between $13.53 and $14.96 at the end of this 3-month period.
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EONGY Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.74%. Further rise is indicated until a new top pivot has been found. 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. The E. On SE stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.49. On a fall, the stock will find some support from the short-term average at $13.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for E. On SE stock
E. On SE finds support from accumulated volume at $13.43 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.130 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 1.48%
Our recommended stop-loss: $12.85 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (EONGY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect E. On SE to open at $13.43, and during the day (based on 14 day Average True Range), to move between $13.26 and $13.68, which gives a possible trading interval of +/-$0.215 (+/-1.60%) up or down from last closing price. If E. On SE takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.43 (0.30%) than the resistance at $13.67 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
E. On SE will release earnings -- on Wednesday, May 08, 2024. We will update the financials statements for E. On SE , that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.53% in the first trading day after earnings release.
Is E. On SE 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 E. On SE stock to perform well in the short-term.
Current score: 3.407 Buy Candidate Unchanged
Predicted Opening Price for E. On SE of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $13.43 ( 0.322%) | $13.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EONGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.56 | 0.643 % | |
| R2 | 13.51 | 0.275 % | ||
| R1 | 13.48 | 0.0470 % | ||
| Current price: | 13.47 | |||
| Support | S1 | 13.38 | -0.690 % | |
| S2 | 13.35 | -0.92 % | ||
| S3 | 13.30 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.95 | 3.56 % | |
| R2 | 13.86 | 2.90 % | ||
| R1 | 13.67 | 1.48 % | ||
| Current price | 13.47 | |||
| Support | S1 | 13.43 | -0.297% | |
| S2 | 13.29 | -1.36% | ||
| S3 | 12.83 | -4.75% |
EONGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 28, 2024 | $0.427 | 3.17% |
| 2 | May 13, 2023 | May 18, 2023 | May 26, 2023 | $0.546 | 4.55% |
| 3 | May 13, 2022 | May 13, 2022 | May 23, 2022 | $0.516 | 4.77% |
| 4 | May 20, 2021 | May 20, 2021 | May 28, 2021 | $0.551 | 4.52% |
| 5 | May 29, 2020 | May 29, 2020 | Jun 08, 2020 | $0.500 | 4.28% |
FAQ
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