EPE Capital Partners Ltd Stock Forecast
Stronger technical forecast for EPE Capital Partners Ltd stock price after Friday trading.
(Updated on Jun 21, 2024)
The EPE Capital Partners Ltd stock price gained 2.44% on the last trading day (Friday, 21st Jun 2024), rising from $410.00 to $420.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.97% from a day low at $389.00 to a day high of $420.00. The price has risen in 5 of the last 10 days and is up by 12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 208 thousand more shares were traded than the day before. In total, 239 thousand shares were bought and sold for approximately $100.40 million.
Given the current short-term trend, the stock is expected to fall -9.85% during the next 3 months and, with a 90% probability hold a price between $316.27 and $378.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EPE.JO Signals & Forecast
Mostly positive signals in the chart today. The EPE Capital Partners Ltd stock 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 $384.29 and $380.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 16.67%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for EPE Capital Partners Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $380.00 and $379.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EPE Capital Partners Ltd finds support just below today's level at $380.00. If this is broken, then the next support from accumulated volume will be at $379.00 and $360.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $31.00 between high and low, or 7.97%. For the last week, the stock has had daily average volatility of 5.82%.
Our recommended stop-loss: $401.66 (-4.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (EPE.JO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect EPE Capital Partners Ltd to open at $409.67, and during the day (based on 14 day Average True Range), to move between $405.24 and $434.76, which gives a possible trading interval of +/-$14.76 (+/-3.51%) up or down from last closing price. If EPE Capital Partners Ltd takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $421.00 (0.24%) than the support at $380.00 (9.52%), 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 EPE Capital Partners Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.762 Buy Candidate Upgraded
Predicted Opening Price for EPE Capital Partners Ltd of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $409.67 ( 2.46%) | $420.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPE.JO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 440.67 | 4.92% |
| R2 | 428.82 | 2.10% |
| R1 | 421.51 | 0.359% |
| Price | 420.00 | |
| S1 | 397.82 | -5.28% |
| S2 | 390.51 | -7.02% |
| S3 | 378.67 | -9.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 440.00 | 4.76% |
| R2 | 425.00 | 1.19% |
| R1 | 421.00 | 0.238% |
| Price | 420.00 | |
| S1 | 380.00 | -9.52% |
| S2 | 379.00 | -9.76% |
| S3 | 360.00 | -14.29% |
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