Enerpac Tool Group Corp Class A Stock Forecast
Red day on Wednesday for Enerpac Tool Group Corp Class A stock after losing 0.487%
(Updated on Apr 17, 2024)
The Enerpac Tool Group Corp Class A stock price fell by -0.487% on the last day (Wednesday, 17th Apr 2024) from $34.92 to $34.75. During the last trading day the stock fluctuated 1.76% from a day low at $34.59 to a day high of $35.20. The price has fallen in 6 of the last 10 days and is down by -0.57% for this period. 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 -42 thousand shares and in total, 290 thousand shares were bought and sold for approximately $10.08 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.63 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.16% during the next 3 months and, with a 90% probability hold a price between $40.23 and $42.67 at the end of this 3-month period.
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EPAC Signals & Forecast
The Enerpac Tool Group Corp Class A 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 $35.04. On a fall, the stock will find some support from the long-term average at approximately $34.41. 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 Thursday, March 28, 2024, and so far it has fallen -2.55%. 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 for Enerpac Tool Group Corp Class A stock
Enerpac Tool Group Corp Class A finds support from accumulated volume at $34.68 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 $0.610 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: $33.15 (-4.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (EPAC) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Enerpac Tool Group Corp Class A to open at $34.85, and during the day (based on 14 day Average True Range), to move between $34.09 and $35.41, which gives a possible trading interval of +/-$0.663 (+/-1.91%) up or down from last closing price. If Enerpac Tool Group Corp Class A takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.77 (0.06%) than the support at $34.68 (0.20%), 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 Enerpac Tool Group Corp Class A 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 Enerpac Tool Group Corp Class A stock to perform well in the short-term.
Current score: 1.380 Buy Candidate Unchanged
Predicted Opening Price for Enerpac Tool Group Corp Class A of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $34.85 ( 0.278%) | $34.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPAC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.46 | 2.03 % | |
| R2 | 35.22 | 1.36 % | ||
| R1 | 35.08 | 0.95 % | ||
| Current price: | 34.75 | |||
| Support | S1 | 34.61 | -0.392 % | |
| S2 | 34.47 | -0.81 % | ||
| S3 | 34.24 | -1.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.11 | 1.04 % | |
| R2 | 34.91 | 0.460 % | ||
| R1 | 34.77 | 0.0576 % | ||
| Current price | 34.75 | |||
| Support | S1 | 34.68 | -0.201% | |
| S2 | 31.37 | -9.73% | ||
| S3 | 31.23 | -10.13% |
EPAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2023 | Oct 05, 2023 | Oct 18, 2023 | $0.0400 | 0.138% |
| 2 | Jul 28, 2022 | Oct 06, 2022 | Oct 17, 2022 | $0.0400 | 0.182% |
| 3 | Jul 26, 2021 | Sep 30, 2021 | Oct 18, 2021 | $0.0400 | 0.203% |
| 4 | Jul 31, 2020 | Oct 01, 2020 | Oct 19, 2020 | $0.0400 | 0.204% |
| 5 | Jul 30, 2019 | Sep 26, 2019 | Oct 14, 2019 | $0.0400 | 0.187% |
FAQ
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