Escalade Stock Forecast
Evaluation of Escalade stock downgraded after the last trading session.
(Updated on Apr 29, 2024)
The Escalade stock price fell by -4.10% on the last day (Monday, 29th Apr 2024) from $13.67 to $13.11. During the last trading day the stock fluctuated 9.23% from a day low at $13.00 to a day high of $14.20. The price has fallen in 6 of the last 10 days but is still up by 2.74% over the past 2 weeks. Volume has increased on the last day by 44 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, 52 thousand shares were bought and sold for approximately $678.76 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 -20.98% during the next 3 months and, with a 90% probability hold a price between $8.36 and $11.16 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
A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 4.21%. 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 $13.62 and $13.41. 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 for Escalade stock
Escalade finds support from accumulated volume at $13.04 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 $1.20 between high and low, or 9.23%. For the last week, the stock has had daily average volatility of 5.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESCA) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Escalade to open at $13.44, and during the day (based on 14 day Average True Range), to move between $12.34 and $13.88, which gives a possible trading interval of +/-$0.767 (+/-5.85%) up or down from last closing price. If Escalade takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.04 (0.53%) than the resistance at $13.51 (3.05%), 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?
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 Hold/Accumulate to a Sell candidate.
Current score: -2.243 Sell Candidate Downgraded
Predicted Opening Price for Escalade of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $13.44 ( 2.49%) | $13.11 |
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 | 14.64 | 11.65 % | |
| R2 | 14.18 | 8.15 % | ||
| R1 | 13.90 | 5.99 % | ||
| Current price: | 13.11 | |||
| Support | S1 | 12.98 | -1.00 % | |
| S2 | 12.70 | -3.17 % | ||
| S3 | 12.24 | -6.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.77 | 12.66 % | |
| R2 | 14.67 | 11.90 % | ||
| R1 | 13.51 | 3.05 % | ||
| Current price | 13.11 | |||
| Support | S1 | 13.04 | -0.534% | |
| S2 | 12.82 | -2.21% | ||
| S3 | 12.58 | -4.04% |
ESCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jul 08, 2024 | Jul 15, 2024 | $0.150 | 1.14% |
| 2 | Mar 29, 2024 | Apr 12, 2024 | Apr 22, 2024 | $0.150 | 1.11% |
| 3 | Oct 26, 2023 | Jan 04, 2024 | Jan 12, 2024 | $0.150 | 0.80% |
| 4 | Jul 26, 2023 | Aug 28, 2023 | Sep 05, 2023 | $0.150 | 1.02% |
| 5 | May 04, 2023 | Jun 09, 2023 | Jun 19, 2023 | $0.150 | 1.12% |
FAQ
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