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AI Analysis of ESEA
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Euroseas Ltd. stock price down 1.56% on Friday
(Updated on Apr 12, 2024)

Sell candidate since Apr 09, 2024 Gain 1.91% PDF

The Euroseas Ltd. stock price fell by -1.56% on the last day (Friday, 12th Apr 2024) from $35.80 to $35.24. During the last trading day the stock fluctuated 3.61% from a day low at $34.67 to a day high of $35.92. The price has been going up and down for this period, and there has been a -1.7% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -333 shares and in total, 26 thousand shares were bought and sold for approximately $900.24 thousand.

The stock lies in the middle of a 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 -7.11% during the next 3 months and, with a 90% probability hold a price between $29.05 and $36.28 at the end of this 3-month period.

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ESEA Signals & Forecast

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 Euroseas Ltd. 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 $35.90 and $36.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Euroseas Ltd. stock

Euroseas Ltd. finds support from accumulated volume at $34.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.25 between high and low, or 3.61%. For the last week the stock has had daily average volatility of 3.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ESEA) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Euroseas Ltd. to open at $35.28, and during the day (based on 14 day Average True Range), to move between $33.72 and $36.76, which gives a possible trading interval of +/-$1.52 (+/-4.30%) up or down from last closing price. If Euroseas Ltd. takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $34.00 (3.52%) than the resistance at $36.85 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Euroseas Ltd. stock A Buy?

Euroseas Ltd. holds several negative signals and is within a 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.

Current score: -3.475 Sell Candidate Unchanged

Predicted Opening Price for Euroseas Ltd. of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$35.28 ( 0.104%) $35.24

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ESEA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.53 3.65 %
R2 36.05 2.30 %
R1 35.75 1.46 %
Current price: 35.24
Support S1 34.80 -1.25 %
S2 34.50 -2.09 %
S3 34.03 -3.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 39.82 13.00 %
R2 38.86 10.27 %
R1 36.85 4.57 %
Current price 35.24
Support S1 34.00 -3.52%
S2 33.97 -3.60%
S3 33.59 -4.68%

ESEA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 07, 2024 Mar 07, 2024 Mar 15, 2024 $0.600 1.74%
2 Nov 09, 2023 Dec 07, 2023 Dec 16, 2023 $0.500 1.85%
3 Aug 09, 2023 Sep 07, 2023 Sep 16, 2023 $0.500 1.96%
4 May 16, 2023 Jun 08, 2023 Jun 16, 2023 $0.500 2.37%
5 Feb 15, 2023 Mar 08, 2023 Mar 16, 2023 $0.500 2.84%

FAQ

What is the symbol for Euroseas Ltd. Stock and on which exchange is it traded?
The symbol for Euroseas Ltd. is ESEA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Euroseas Ltd. Stock?
Euroseas Ltd. holds several negative signals and is within a 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.

How to buy Euroseas Ltd. Stock?
Euroseas Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Euroseas Ltd. Stock.

What's the current price of Euroseas Ltd. Stock?
As of the end of day on the 2024-04-12, the price of an Euroseas Ltd. (ESEA) share was $35.24.

What is the 52-week high and low for Euroseas Ltd. Stock?
The 52-week high for Euroseas Ltd. Stock is $42.29 and the 52-week low is $18.05.

What is the market capitalization of Euroseas Ltd. Stock?
As of the 2024-04-12, the market capitalization of Euroseas Ltd. is 247.185M.

When is the next earnings date for Euroseas Ltd.?
The upcoming earnings date for Euroseas Ltd. is May 21, 2024.
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About Euroseas Ltd.

Euroseas Ltd. Euroseas Ltd. provides ocean-going transportation services worldwide. The company owns and operates containerships that transport dry and refrigerated containerized cargoes, including manufactured products and perishables. As of May 03, 2022, it had a fleet of 18 vessels, including 10 feeder and 8 intermediate containerships with a cargo capacity of approximately 58,871 twenty-foot equivalent unit (teu). The company was incorporated in 2005 and i... ESEA Profile

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