Epsilon Energy Ltd. Stock Forecast
Green day on Friday for Epsilon Energy Ltd. stock after gaining 0.95%
(Updated on Apr 19, 2024)
The Epsilon Energy Ltd. stock price gained 0.95% on the last trading day (Friday, 19th Apr 2024), rising from $5.25 to $5.30. During the last trading day the stock fluctuated 3.41% from a day low at $5.21 to a day high of $5.39. The price has fallen in 6 of the last 10 days and is down by -4.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $168.35 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.20 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 13.21% during the next 3 months and, with a 90% probability hold a price between $5.89 and $6.49 at the end of this 3-month period.
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EPSN Signals & Forecast
The Epsilon Energy Ltd. 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 $5.34. On a fall, the stock will find some support from the long-term average at approximately $5.24. 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. Epsilon Energy Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Tuesday, April 09, 2024, and so far it has fallen -6.19%. 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). The stock had a Golden Star Signal on Thursday, February 08, 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 stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 08, 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 stock in question.
Support, Risk & Stop-loss for Epsilon Energy Ltd. stock
Epsilon Energy Ltd. finds support from accumulated volume at $5.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.178 (3.41%) between high and low. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: $5.00 (-5.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (EPSN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Epsilon Energy Ltd. to open at $5.30, and during the day (based on 14 day Average True Range), to move between $5.12 and $5.48, which gives a possible trading interval of +/-$0.180 (+/-3.40%) up or down from last closing price. If Epsilon Energy Ltd. takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.40 (1.89%) than the support at $5.11 (3.58%), 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 Epsilon Energy Ltd. 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 Epsilon Energy Ltd. stock to perform well in the short-term.
Current score: 2.498 Buy Candidate Unchanged
Predicted Opening Price for Epsilon Energy Ltd. of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$5.30 ( 0.0138%) | $5.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPSN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.48 | 3.34 % | |
R2 | 5.41 | 2.06 % | ||
R1 | 5.37 | 1.27 % | ||
Current price: | 5.30 | |||
Support | S1 | 5.23 | -1.30 % | |
S2 | 5.19 | -2.09 % | ||
S3 | 5.12 | -3.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.65 | 6.60 % | |
R2 | 5.60 | 5.66 % | ||
R1 | 5.40 | 1.89 % | ||
Current price | 5.30 | |||
Support | S1 | 5.11 | -3.58% | |
S2 | 4.98 | -6.04% | ||
S3 | 4.90 | -7.55% |
EPSN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.0625 | 1.14% |
2 | Nov 27, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0625 | 1.23% |
3 | Aug 29, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0600 | 1.14% |
4 | Jun 06, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.0630 | 1.18% |
5 | Jun 13, 2023 | Mar 14, 2023 | Mar 31, 2023 | $0.0630 | 1.18% |
FAQ
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