Escalade stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-26 PDF
The Escalade stock price fell by -2.60% on the last day (Friday, 26th Nov 2021) from $19.59 to $19.08. During the day the stock fluctuated 4.98% from a day low at $18.78 to a day high of $19.71. The price has risen in 6 of the last 10 days and is up by 0.79% over the past 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately $319.95 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.21% during the next 3 months and, with a 90% probability hold a price between $14.67 and $18.78 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.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, September 20, 2021, and so far it has risen 5.12%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Escalade stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.46 and $19.34. A break-up above any of these levels will issue buy signals. Escalade gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss
Escalade finds support from accumulated volume at $18.98 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 $0.94 (4.98%) between high and low. For the last week, the stock has had a daily average volatility of 2.85%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Escalade stock A Buy?
Escalade holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.152
Predicted Opening Price for Escalade of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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Aegis is very positive about ESCA and gave it a "Buy" rating on Feb 25, 2021. The price target was changed from $25.00 to $28.00.
ESCA Insider Trading
|Aug 24, 2021||Sell||125 000||Williams Edward E||Common Stock|
|Jun 22, 2021||Sell||1 348||Wawrin Stephen||Common Stock|
|May 15, 2021||Buy||1 425||Franklin Katherine F.||Common Stock|
|May 15, 2021||Sell||1 425||Franklin Katherine F.||Restricted Stock Units|
|May 14, 2021||Buy||555||Baalmann Richard Fenton Jr||Common Stock|
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