Epe Special Opportunities Limited Stock Forecast
Epe Special Opportunities Limited stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Epe Special Opportunities Limited stock price fell by -4.05% on the last day (Friday, 28th Jun 2024) from £185.00 to £177.50. During the last trading day the stock fluctuated 0.85% from a day low at £176.00 to a day high of £177.50. The price has fallen in 4 of the last 10 days but is still up by 1.43% over the past 2 weeks. Volume has increased on the last day by 11 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, 11 thousand shares were bought and sold for approximately £1.96 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £176.38 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 17.02% during the next 3 months and, with a 90% probability hold a price between £206.40 and £236.31 at the end of this 3-month period.
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ESO.L 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 Epe Special Opportunities Limited 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 £179.86 and £178.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -5.08%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Epe Special Opportunities Limited stock
Epe Special Opportunities Limited finds support from accumulated volume at £176.50 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 £1.50 between high and low, or 0.85%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: £168.66 (-4.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 60 days ago.)
Trading Expectations (ESO.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Epe Special Opportunities Limited to open at £177.00, and during the day (based on 14 day Average True Range), to move between £173.41 and £181.59, which gives a possible trading interval of +/-£4.09 (+/-2.30%) up or down from last closing price. If Epe Special Opportunities Limited takes out the full calculated possible swing range there will be an estimated 4.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £176.50 (0.56%) than the resistance at £179.00 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Epe Special Opportunities Limited stock A Buy?
Epe Special Opportunities Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Epe Special Opportunities Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £177.00 ( 0.282%) | £177.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESO.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 178.50 | 0.563% |
| R2 | 177.93 | 0.241% |
| R1 | 177.57 | 0.0411% |
| Price | 177.50 | |
| S1 | 176.43 | -0.605% |
| S2 | 176.07 | -0.80% |
| S3 | 175.50 | -1.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 187.00 | 5.35% |
| R2 | 180.00 | 1.41% |
| R1 | 179.00 | 0.85% |
| Price | 177.50 | |
| S1 | 176.50 | -0.563% |
| S2 | 152.00 | -14.37% |
| S3 | 148.50 | -16.34% |
ESO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2007 | Dec 12, 2007 | Dec 31, 2007 | £9.95 | 0.686% |
| 2 | Oct 19, 2006 | Dec 06, 2006 | Dec 22, 2006 | £12.75 | 0.729% |
| 3 | May 02, 2006 | Jun 07, 2006 | Jun 30, 2006 | £23.50 | 1.19% |
| 4 | Oct 26, 2005 | Nov 30, 2005 | Dec 30, 2005 | £4.40 | 0.182% |
| 5 | May 27, 2005 | Jun 15, 2005 | Jul 01, 2005 | £24.95 | 1.01% |
FAQ
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