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Eros STX Global Corporation Stock Forecast NYSE:ESGC

$0.34 (-14.10%)

Volume: 10M

Closed: Dec 07, 2021

Hollow Logo Score: -7.484

Eros STX Global Corporation Stock Forecast

$0.34 (-14.10%)

Volume: 10M

Closed: Dec 07, 2021

Score Hollow Logo -7.484
Which way will ESGC go? Request

ESGC Stock Risk

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0657 between high and low, or 19.71%. For the last week, the stock has had a daily average volatility of 16.28%.

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

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 29 and the stock is currently not being overbought or oversold

Big movements in Eros STX Global Corporation stock price on Tuesday moving 19.71% between high and low
(Updated on Dec 07, 2021)


Sell candidate since 2021-11-16 Loss -35.69%

The Eros STX Global Corporation stock price fell by -14.10% on the last day (Tuesday, 7th Dec 2021) from $0.40 to $0.34. During the day the stock fluctuated 19.71% from a day low at $0.33 to a day high of $0.40. The price has been going up and down for this period, and there has been a -7.03% loss for the last 2 weeks. Volume has increased on the last day by 8 million 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, 10 million shares were bought and sold for approximately $3.54 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.89% during the next 3 months and, with a 90% probability hold a price between $0.19 and $0.43 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Eros STX Global Corporation 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 $0.37 and $0.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, December 06, 2021, and so far it has fallen -14.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0657 between high and low, or 19.71%. For the last week, the stock has had a daily average volatility of 16.28%.

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

Is Eros STX Global Corporation stock A Buy?

Eros STX Global Corporation 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 Sell to a Strong Sell candidate.

Current score: -7.484

Predicted Opening Price for Eros STX Global Corporation of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$0.36 $0.34 (Undervalued)
Strong Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 16.28 %
Overall Risk: Very High High Medium Low Very Low
Volatility
16.28 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.38
Price: $0.34
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.42 24.48 %
0.40 17.09 %
0.38 12.53 %
Current price: 0.34
Support 0.33 -2.24 %
0.32 -6.80 %
0.29 -14.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.41 21.18 %
0.41 20.15 %
0.38 10.94 %
Current price 0.34
Support 0 .
0 .
0 .

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