Enerplus Corporation 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
Enerplus Corporation stock price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of Enerplus Corporation stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $26.78 to a day high of $26.78. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Enerplus Corporation stock with a 90% probability to be traded between $25.76 and $27.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ERF.TO Signals & Forecast
There are mixed signals in the stock today. The Enerplus Corporation 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 $26.78 and $27.14. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Enerplus Corporation stock
Enerplus Corporation finds support from accumulated volume at $26.61 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $25.17 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (ERF.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Enerplus Corporation to open at $26.78, and during the day (based on 14 day Average True Range), to move between $26.57 and $26.99, which gives a possible trading interval of +/-$0.208 (+/-0.78%) up or down from last closing price. If Enerplus Corporation takes out the full calculated possible swing range there will be an estimated 1.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.61 (0.63%) than the resistance at $27.28 (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enerplus Corporation stock A Buy?
Enerplus Corporation 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Enerplus Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $26.78 ( 0%) | $26.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ERF.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.78 | - |
| R2 | 26.78 | - |
| R1 | 26.78 | - |
| Price | 26.78 | |
| S1 | 26.78 | - |
| S2 | 26.78 | - |
| S3 | 26.78 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.71 | 3.47% |
| R2 | 27.40 | 2.32% |
| R1 | 27.28 | 1.87% |
| Price | 26.78 | |
| S1 | 26.61 | -0.635% |
| S2 | 26.28 | -1.87% |
| S3 | 25.98 | -2.99% |
ERF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 04, 2024 | $0.319 | 1.19% |
| 2 | May 21, 2024 | May 21, 2024 | Jun 04, 2024 | $0.0650 | 0.243% |
| 3 | Feb 21, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.0880 | 0.356% |
| 4 | Nov 02, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.0600 | 0.303% |
| 5 | Aug 09, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.0600 | 0.252% |
FAQ
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