Esquire Financial Holdings Inc. Stock Forecast
Esquire Financial Holdings Inc. stock price up 0.601% on Friday
(Updated on May 03, 2024)
The Esquire Financial Holdings Inc. stock price gained 0.601% on the last trading day (Friday, 3rd May 2024), rising from $48.22 to $48.51. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.09% from a day low at $48.34 to a day high of $48.87. The price has risen in 8 of the last 10 days and is up by 4.1% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 20 thousand shares were bought and sold for approximately $949.24 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a 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 $48.85 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.50% during the next 3 months and, with a 90% probability hold a price between $41.09 and $45.67 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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ESQ Signals & Forecast
The Esquire Financial Holdings Inc. 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 $47.85 and $46.82. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Esquire Financial Holdings Inc. stock
Esquire Financial Holdings Inc. finds support from accumulated volume at $47.73 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 controlled movements and therefore the general risk is considered 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 $0.528 between high and low, or 1.09%. For the last week the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: $46.81 (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (ESQ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Esquire Financial Holdings Inc. to open at $48.57, and during the day (based on 14 day Average True Range), to move between $47.23 and $49.79, which gives a possible trading interval of +/-$1.28 (+/-2.64%) up or down from last closing price. If Esquire Financial Holdings Inc. takes out the full calculated possible swing range there will be an estimated 5.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.12 (1.26%) than the support at $47.73 (1.61%), 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 Esquire Financial Holdings Inc. stock A Buy?
Esquire Financial Holdings Inc. 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: -0.949 Hold/Accumulate Unchanged
Predicted Opening Price for Esquire Financial Holdings Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $48.57 ( 0.132%) | $48.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESQ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.10 | 1.22 % | |
| R2 | 48.90 | 0.80 % | ||
| R1 | 48.78 | 0.548 % | ||
| Current price: | 48.51 | |||
| Support | S1 | 48.37 | -0.285 % | |
| S2 | 48.25 | -0.542 % | ||
| S3 | 48.05 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.76 | 2.58 % | |
| R2 | 49.70 | 2.45 % | ||
| R1 | 49.12 | 1.26 % | ||
| Current price | 48.51 | |||
| Support | S1 | 47.73 | -1.61% | |
| S2 | 47.47 | -2.14% | ||
| S3 | 47.35 | -2.39% |
ESQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 14, 2024 | Jun 03, 2024 | $0.150 | 0.309% |
| 2 | Jan 31, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.150 | 0.299% |
| 3 | Oct 26, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.130 | 0.272% |
| 4 | Jul 27, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.125 | 0.263% |
| 5 | May 02, 2023 | May 12, 2023 | Sep 01, 2023 | $0.125 | 0.263% |
FAQ
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