ESCO Technologies Inc Stock Forecast
Stronger technical forecast for ESCO Technologies Inc stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The ESCO Technologies Inc stock price gained 0.414% on the last trading day (Tuesday, 25th Jun 2024), rising from $103.86 to $104.29. During the last trading day the stock fluctuated 1.84% from a day low at $102.73 to a day high of $104.62. The price has fallen in 6 of the last 10 days and is down by -1.28% for this period. Volume fell on the last day by -3 thousand shares and in total, 64 thousand shares were bought and sold for approximately $6.63 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $103.31 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 4.07% during the next 3 months and, with a 90% probability hold a price between $107.52 and $118.29 at the end of this 3-month period.
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ESE Signals & Forecast
There are mixed signals in the stock today. The ESCO Technologies Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $107.26. On a fall, the stock will find some support from the short-term average at $104.13. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.15%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for ESCO Technologies Inc stock
ESCO Technologies Inc finds support from accumulated volume at $104.28 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.90 between high and low, or 1.84%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: $98.61 (-5.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (ESE) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ESCO Technologies Inc to open at $103.88, and during the day (based on 14 day Average True Range), to move between $102.15 and $106.43, which gives a possible trading interval of +/-$2.14 (+/-2.05%) up or down from last closing price. If ESCO Technologies Inc takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $104.28 (0.01%) than the resistance at $105.00 (0.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ESCO Technologies Inc stock A Buy?
ESCO Technologies Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.452 Hold/Accumulate Upgraded
Predicted Opening Price for ESCO Technologies Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $103.88 ( 0.395%) | $104.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 105.77 | 1.42% |
| R2 | 105.05 | 0.728% |
| R1 | 104.60 | 0.299% |
| Price | 104.29 | |
| S1 | 103.15 | -1.09% |
| S2 | 102.71 | -1.52% |
| S3 | 101.98 | -2.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 107.05 | 2.65% |
| R2 | 105.48 | 1.14% |
| R1 | 105.00 | 0.681% |
| Price | 104.29 | |
| S1 | 104.28 | -0.0096% |
| S2 | 104.06 | -0.221% |
| S3 | 98.68 | -5.38% |
ESE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | Jul 03, 2024 | Jul 19, 2024 | $0.0800 | 0.0767% |
| 2 | Feb 08, 2024 | Mar 28, 2024 | Apr 16, 2024 | $0.0800 | 0.0809% |
| 3 | Nov 16, 2023 | Jan 03, 2024 | Jan 19, 2024 | $0.0800 | 0.0783% |
| 4 | Aug 08, 2023 | Oct 02, 2023 | Oct 17, 2023 | $0.0800 | 0.0771% |
| 5 | May 09, 2023 | Jul 03, 2023 | Jul 19, 2023 | $0.0800 | 0.0799% |
FAQ
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