Enerpac Tool Group Corp Class A Stock Forecast
Enerpac Tool Group Corp Class A stock price up 1.33% on Tuesday
(Updated on Jul 02, 2024)
The Enerpac Tool Group Corp Class A stock price gained 1.33% on the last trading day (Tuesday, 2nd Jul 2024), rising from $37.56 to $38.06. During the last trading day the stock fluctuated 2.00% from a day low at $37.43 to a day high of $38.18. The price has risen in 6 of the last 10 days but is still down by -0.42% for this period. Volume fell on the last day by -49 thousand shares and in total, 171 thousand shares were bought and sold for approximately $6.51 million. 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 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 $37.62 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 10.90% during the next 3 months and, with a 90% probability hold a price between $41.72 and $45.11 at the end of this 3-month period.
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EPAC Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enerpac Tool Group Corp Class A 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 $38.15. On a fall, the stock will find some support from the short-term average at $38.01. 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. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -3.20%. 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).
Support, Risk & Stop-loss for Enerpac Tool Group Corp Class A stock
Enerpac Tool Group Corp Class A finds support from accumulated volume at $37.89 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 $0.750 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EPAC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Enerpac Tool Group Corp Class A to open at $37.89, and during the day (based on 14 day Average True Range), to move between $37.08 and $39.04, which gives a possible trading interval of +/-$0.98 (+/-2.58%) 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 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.16 (0.26%) than the support at $37.89 (0.45%), 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?
The Enerpac Tool Group Corp Class A stock holds several negative signals and despite the positive trend, we believe Enerpac Tool Group Corp Class A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.384 Sell Candidate Unchanged
Predicted Opening Price for Enerpac Tool Group Corp Class A of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $37.89 ( 0.447%) | $38.06 |
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 | |
|---|---|---|
| R3 | 38.64 | 1.52% |
| R2 | 38.35 | 0.771% |
| R1 | 38.18 | 0.306% |
| Price | 38.06 | |
| S1 | 37.60 | -1.20% |
| S2 | 37.43 | -1.66% |
| S3 | 37.14 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.65 | 1.55% |
| R2 | 38.60 | 1.42% |
| R1 | 38.16 | 0.263% |
| Price | 38.06 | |
| S1 | 37.89 | -0.447% |
| S2 | 37.44 | -1.63% |
| S3 | 34.75 | -8.70% |
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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