Escalade Stock Forecast
Stronger technical forecast for Escalade stock price after Friday trading.
(Updated on Apr 19, 2024)
The Escalade stock price fell by -0.364% on the last day (Friday, 19th Apr 2024) from $13.73 to $13.68. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.48% from a day low at $13.34 to a day high of $13.94. The price has fallen in 7 of the last 10 days but is still up by 3.48% 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, 21 thousand shares were bought and sold for approximately $291.92 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 -26.39% during the next 3 months and, with a 90% probability hold a price between $7.57 and $10.84 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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ESCA Signals & Forecast
The Escalade 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 $13.62 and $13.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 8.74%. 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. 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 for Escalade stock
Escalade finds support from accumulated volume at $13.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.598 between high and low, or 4.48%. For the last week, the stock has had daily average volatility of 8.79%.
Our recommended stop-loss: $13.17 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (ESCA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Escalade to open at $13.65, and during the day (based on 14 day Average True Range), to move between $12.87 and $14.49, which gives a possible trading interval of +/-$0.81 (+/-5.88%) up or down from last closing price. If Escalade takes out the full calculated possible swing range there will be an estimated 11.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.51 (1.24%) than the resistance at $14.67 (7.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Escalade 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: 2.872 Buy Candidate Upgraded
Predicted Opening Price for Escalade of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $13.65 ( 0.200%) | $13.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESCA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.25 | 4.17 % | |
| R2 | 14.02 | 2.50 % | ||
| R1 | 13.88 | 1.47 % | ||
| Current price: | 13.68 | |||
| Support | S1 | 13.42 | -1.87 % | |
| S2 | 13.28 | -2.90 % | ||
| S3 | 13.05 | -4.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.65 | 21.71 % | |
| R2 | 14.77 | 7.97 % | ||
| R1 | 14.67 | 7.24 % | ||
| Current price | 13.68 | |||
| Support | S1 | 13.51 | -1.24% | |
| S2 | 13.43 | -1.83% | ||
| S3 | 13.20 | -3.51% |
ESCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2024 | Apr 12, 2024 | Apr 22, 2024 | $0.150 | 1.10% |
| 2 | Oct 26, 2023 | Jan 04, 2024 | Jan 12, 2024 | $0.150 | 0.80% |
| 3 | Jul 26, 2023 | Aug 28, 2023 | Sep 05, 2023 | $0.150 | 1.02% |
| 4 | May 04, 2023 | Jun 09, 2023 | Jun 19, 2023 | $0.150 | 1.12% |
| 5 | Feb 21, 2023 | Mar 10, 2023 | Mar 20, 2023 | $0.150 | 1.15% |
FAQ
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