Energy Services of America Corporation Stock Forecast
Red day on Tuesday for Energy Services of America Corporation
(Updated on Jun 25, 2024)
The Energy Services of America Corporation stock price fell by -0.563% on the last day (Tuesday, 25th Jun 2024) from $7.10 to $7.06. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.90% from a day low at $7.05 to a day high of $7.33. The price has fallen in 7 of the last 10 days and is down by -3.42% for this period. 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 -98 thousand shares and in total, 55 thousand shares were bought and sold for approximately $391.75 thousand.
The stock lies in the middle of a very 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 -12.13% during the next 3 months and, with a 90% probability hold a price between $4.85 and $6.71 at the end of this 3-month period. 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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ESOA Signals & Forecast
The Energy Services of America Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.34. On a fall, the stock will find some support from the long-term average at approximately $7.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -10.18%. 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 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 Energy Services of America Corporation stock
Energy Services of America Corporation finds support from accumulated volume at $6.95 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 $0.275 between high and low, or 3.90%. For the last week the stock has had daily average volatility of 5.35%.
Our recommended stop-loss: $6.63 (-6.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (ESOA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Energy Services of America Corporation to open at $7.15, and during the day (based on 14 day Average True Range), to move between $6.58 and $7.54, which gives a possible trading interval of +/-$0.475 (+/-6.73%) up or down from last closing price. If Energy Services of America Corporation takes out the full calculated possible swing range there will be an estimated 13.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.95 (1.56%) than the resistance at $7.81 (10.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Energy Services of America Corporation stock A Buy?
Energy Services of America Corporation 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: -0.113 Hold/Accumulate Unchanged
Predicted Opening Price for Energy Services of America Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $7.15 ( 1.20%) | $7.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESOA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.42 | 5.10% |
| R2 | 7.31 | 3.61% |
| R1 | 7.25 | 2.69% |
| Price | 7.06 | |
| S1 | 7.04 | -0.284% |
| S2 | 6.98 | -1.20% |
| S3 | 6.87 | -2.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.82 | 24.93% |
| R2 | 7.82 | 10.76% |
| R1 | 7.81 | 10.62% |
| Price | 7.06 | |
| S1 | 6.95 | -1.56% |
| S2 | 6.81 | -3.54% |
| S3 | 6.01 | -14.87% |
ESOA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 15, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.0600 | 1.06% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Feb 15, 2023 | $0.0500 | 1.89% |
| 3 | Dec 12, 2019 | Dec 20, 2019 | Dec 31, 2019 | $0.0500 | 6.49% |
| 4 | Jun 08, 2017 | Jun 20, 2017 | Jun 30, 2017 | $0.0500 | 2.99% |
| 5 | May 31, 2016 | Jun 13, 2016 | Jun 30, 2016 | $0.0500 | 3.29% |
FAQ
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