El Paso Energy Capital Trust I Pfd Cv Tr Trust Forecast

Stronger technical forecast for El Paso Energy Capital Trust I Pfd Cv Tr trust price after Tuesday trading.
(Updated on Jun 25, 2024)

EP-PC Signals & Forecast

The El Paso Energy Capital Trust I Pfd Cv Tr trust 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 $46.93 and $46.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.513%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The trust had a Golden Star Signal on Thursday, May 30, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the trust in question.

Support, Risk & Stop-loss for El Paso Energy Capital Trust I Pfd Cv Tr trust

El Paso Energy Capital Trust I Pfd Cv Tr finds support from accumulated volume at $46.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust 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 trust During the last day, the trust moved $0.238 between high and low, or 0.507%. For the last week the trust has had daily average volatility of 0.739%

Our recommended stop-loss: $44.47 (-5.39%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (EP-PC) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect El Paso Energy Capital Trust I Pfd Cv Tr Secs to open at $46.96, and during the day (based on 14 day Average True Range), to move between $46.61 and $47.39, which gives a possible trading interval of +/-$0.395 (+/-0.84%) up or down from last closing price. If El Paso Energy Capital Trust I Pfd Cv Tr Secs takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $46.70 (0.64%) than the resistance at $47.35 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is El Paso Energy Capital Trust I Pfd Cv Tr Secs trust A Buy?

El Paso Energy Capital Trust I Pfd Cv Tr holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.628 Hold/Accumulate Upgraded

Predicted Opening Price for El Paso Energy Capital Trust I Pfd Cv Tr Secs of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.