Esken Limited Stock Forecast
Esken Limited stock price ended at £0.0800 on Friday, after losing 0%.
(Updated on May 03, 2024)
No changes to the price of Esken Limited stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at £0.0800 to a day high of £0.0800. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £0.135 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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ESKN.L Signals & Forecast
The Esken Limited 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 £0.0800 and £0.0798. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has fallen 0%. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, March 14, 2024 and based on theory for this formation the price should go up by 42.50% to £0.114 within 6 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for Esken Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.0700. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at £ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: £0.0752 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (ESKN.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Esken Limited to open at £0.0800, and during the day (based on 14 day Average True Range), to move between £0.0728 and £0.0872, which gives a possible trading interval of +/-£0.0072 (+/-8.95%) up or down from last closing price. If Esken Limited takes out the full calculated possible swing range there will be an estimated 17.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.0806 (0.75%) than the support at £0.0700 (12.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Esken Limited stock A Buy?
Esken Limited 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Esken Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £0.0800 ( 0%) | £0.0800 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESKN.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0800 | . | |
| R2 | 0.0800 | . | ||
| R1 | 0.0800 | . | ||
| Current price: | 0.0800 | |||
| Support | S1 | 0.0800 | . | |
| S2 | 0.0800 | . | ||
| S3 | 0.0800 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0920 | 15.00 % | |
| R2 | 0.0857 | 7.13 % | ||
| R1 | 0.0806 | 0.750 % | ||
| Current price | 0.0800 | |||
| Support | S1 | 0.0700 | -12.50% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ESKN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2019 | Jun 20, 2019 | Jun 20, 2019 | £2.73 | 2.74% |
| 2 | Jan 10, 2019 | Jan 10, 2019 | Jan 10, 2019 | £1.50 | 1.10% |
| 3 | Dec 27, 2018 | Dec 27, 2018 | Dec 27, 2018 | £1.37 | 1.05% |
| 4 | Sep 13, 2018 | Sep 13, 2018 | Sep 13, 2018 | £4.10 | 1.89% |
| 5 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | £4.10 | 1.69% |
FAQ
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