RSI low/high Values: [ 25 - 75 ]
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AI Analysis of ESSA
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Evaluation of ESSA Bancorp stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 27, 2024 Gain 2.07% PDF

The ESSA Bancorp stock price gained 2.07% on the last trading day (Thursday, 28th Mar 2024), rising from $17.86 to $18.23. During the last trading day the stock fluctuated 3.52% from a day low at $17.61 to a day high of $18.23. The price has been going up and down for this period, and there has been a 5.99% gain for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 8 thousand shares were bought and sold for approximately $149.36 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 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 $18.39 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 -13.11% during the next 3 months and, with a 90% probability hold a price between $14.54 and $15.98 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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ESSA Signals & Forecast

The ESSA Bancorp 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 $17.76 and $17.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 6.92%. 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 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 ESSA Bancorp stock

ESSA Bancorp finds support from accumulated volume at $17.83 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 $0.620 between high and low, or 3.52%. For the last week the stock has had daily average volatility of 3.99%.

Our recommended stop-loss: $17.56 (-3.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (ESSA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ESSA Bancorp to open at $18.02, and during the day (based on 14 day Average True Range), to move between $17.62 and $18.84, which gives a possible trading interval of +/-$0.610 (+/-3.35%) up or down from last closing price. If ESSA Bancorp takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.44 (1.15%) than the support at $17.83 (2.19%), 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 ESSA Bancorp stock A Buy?

ESSA Bancorp 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. 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: 0.936 Hold/Accumulate Downgraded

Predicted Opening Price for ESSA Bancorp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$18.02 ( 1.13%) $18.23

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

Trading levels for ESSA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.64 2.27 %
R2 18.41 0.97 %
R1 18.26 0.166 %
Current price: 18.23
Support S1 17.79 -2.43 %
S2 17.64 -3.24 %
S3 17.40 -4.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.97 9.54 %
R2 19.85 8.89 %
R1 18.44 1.15 %
Current price 18.23
Support S1 17.83 -2.19%
S2 17.33 -4.94%
S3 17.30 -5.10%

ESSA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2024 Mar 14, 2024 Mar 29, 2024 $0.150 0.83%
2 Nov 14, 2023 Dec 14, 2023 Dec 29, 2023 $0.150 0.749%
3 Aug 23, 2023 Sep 14, 2023 Sep 29, 2023 $0.150 1.00%
4 May 23, 2023 Jun 15, 2023 Jun 30, 2023 $0.150 1.00%
5 Feb 28, 2023 Mar 15, 2023 Mar 31, 2023 $0.150 0.95%

FAQ

What is the symbol for ESSA Bancorp Stock and on which exchange is it traded?
The symbol for ESSA Bancorp is ESSA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ESSA Bancorp Stock?
ESSA Bancorp 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. 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.

How to buy ESSA Bancorp Stock?
ESSA Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ESSA Bancorp Stock.

What's the current price of ESSA Bancorp Stock?
As of the end of day on the 2024-03-28, the price of an ESSA Bancorp (ESSA) share was $18.23.

What is the 52-week high and low for ESSA Bancorp Stock?
The 52-week high for ESSA Bancorp Stock is $20.87 and the 52-week low is $12.79.

What is the market capitalization of ESSA Bancorp Stock?
As of the 2024-03-28, the market capitalization of ESSA Bancorp is 184.697M.

When is the next earnings date for ESSA Bancorp?
The upcoming earnings date for ESSA Bancorp is Apr 24, 2024.
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About ESSA Bancorp

ESSA Ban ESSA Bancorp, Inc. operates as a bank holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. The company accepts savings accounts, interest bearing demand accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts. Its loan portfolio includes first... ESSA Profile

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