Enterprise Products Partners Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Enterprise Products Partners stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Enterprise Products Partners stock price fell by -0.175% on the last day (Friday, 17th May 2024) from $28.61 to $28.56. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.614% from a day low at $28.49 to a day high of $28.66. The price has been going up and down for this period, and there has been a 1.64% gain for the last 2 weeks. 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 -2 million shares and in total, 4 million shares were bought and sold for approximately $100.43 million.
The stock lies in the middle of a 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 3.06% during the next 3 months and, with a 90% probability hold a price between $28.77 and $31.27 at the end of this 3-month period.
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EPD Signals & Forecast
There are mixed signals in the stock today. The Enterprise Products Partners stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.74 and $28.83. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.96%. 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). The stock had a Golden Star Signal on Tuesday, June 27, 2023 in the long-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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, June 27, 2023 in the long-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 stock in question.
Support, Risk & Stop-loss for Enterprise Products Partners stock
Enterprise Products Partners finds support from accumulated volume at $28.39 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 $0.175 between high and low, or 0.614%. For the last week the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: $26.98 (-5.55%) (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 (EPD) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Enterprise Products Partners LP to open at $28.57, and during the day (based on 14 day Average True Range), to move between $28.19 and $28.93, which gives a possible trading interval of +/-$0.365 (+/-1.28%) up or down from last closing price. If Enterprise Products Partners LP takes out the full calculated possible swing range there will be an estimated 2.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.39 (0.60%) than the resistance at $28.77 (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 Enterprise Products Partners LP stock A Buy?
Enterprise Products Partners 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.742 Hold/Accumulate Upgraded
Predicted Opening Price for Enterprise Products Partners LP of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $28.57 ( 0.0292%) | $28.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.74 | 0.642 % | |
| R2 | 28.68 | 0.408 % | ||
| R1 | 28.64 | 0.263 % | ||
| Current price: | 28.56 | |||
| Support | S1 | 28.50 | -0.205 % | |
| S2 | 28.46 | -0.349 % | ||
| S3 | 28.39 | -0.584 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.06 | 1.75 % | |
| R2 | 29.05 | 1.72 % | ||
| R1 | 28.77 | 0.735 % | ||
| Current price | 28.56 | |||
| Support | S1 | 28.39 | -0.595% | |
| S2 | 28.08 | -1.68% | ||
| S3 | 28.00 | -1.96% |
EPD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 29, 2024 | May 14, 2024 | $0.515 | 1.78% |
| 2 | Jan 08, 2024 | Jan 31, 2024 | Feb 14, 2024 | $0.515 | 1.93% |
| 3 | Jan 08, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.515 | 1.93% |
| 4 | Oct 05, 2023 | Oct 30, 2023 | Nov 14, 2023 | $0.500 | 1.91% |
| 5 | Jul 10, 2023 | Jul 28, 2023 | Aug 14, 2023 | $0.500 | 1.87% |
FAQ
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