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$16.69 (-1.24%)

Volume: 854

Closed: Dec 08, 2021

Hollow Logo Score: -0.764

ESSA Bancorp Stock Forecast

$16.69 (-1.24%)

Volume: 854

Closed: Dec 08, 2021

Score Hollow Logo -0.764
Which way will ESSA go? Request
Stop-loss: $15.73 (-5.78%)
Key Stats
P/E Ratio 10.86
Beta 0.34
Trailing Dividend Rate 2.75% ($0.47)
Next Dividend Date Dec 15, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 35 and the stock is currently not being overbought or oversold

Evaluation of ESSA Bancorp stock downgraded after the last trading session.
(Updated on Dec 08, 2021)

Buy or Hold candidate since 2021-11-05 Gain 0.24%

The ESSA Bancorp stock price fell by -1.24% on the last day (Wednesday, 8th Dec 2021) from $16.90 to $16.69. and has now fallen 5 days in a row. During the day the stock fluctuated 0.85% from a day low at $16.55 to a day high of $16.69. The price has fallen in 6 of the last 10 days and is down by -2.68% 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 -625 shares and in total, 854 shares were bought and sold for approximately $14.25 thousand.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.25% during the next 3 months and, with a 90% probability hold a price between $16.68 and $18.10 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The ESSA Bancorp 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 $17.17 and $16.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 02, 2021, and so far it has fallen -4.63%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

ESSA Bancorp finds support from accumulated volume at $16.63 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 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 $0.14 between high and low, or 0.85%. For the last week the stock has had a daily average volatility of 0.97%

Our recommended stop-loss: $15.73 (-5.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Is ESSA Bancorp stock A Buy?

ESSA Bancorp 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: -0.764

Predicted Opening Price for ESSA Bancorp of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$16.64 $16.69 (Overvalued)
Hold/Accumulate Downgraded

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Analyst Ratings

Piper Sandler does not see either upside or downside right now giving ESSA "Neutral" on their last update on Nov 04, 2020. The price target was changed from $14.00 to $15.00.

Volatility and Risk
Daily Average Volatility: 0.97 %
Overall Risk: Very High High Medium Low Very Low
0.97 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $17.26
Price: $16.69
Support: $16.63

ESSA Insider Trading Show all Trades



Last 100 transactions
Buy: 109 803 | Sell: 24 714 (Shares)
Date Action Amount Person Type
Oct 29, 2021 Buy 500 Selig Robert C Jr Common Stock
Oct 29, 2021 Buy 500 Selig Robert C Jr Common Stock
Oct 26, 2021 Buy 1 249 Durkin Joseph S Common Stock
Oct 26, 2021 Buy 1 249 Gordon Christine Davis Common Stock
Oct 26, 2021 Buy 1 249 Hosbach Philip H. Iv Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 109 803 | Sell: 24 714 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 16.78 0.56 %
16.73 0.24 %
16.70 0.0408 %
Current price: 16.69
Support 16.59 -0.60 %
16.56 -0.80 %
16.50 -1.12 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 17.29 3.59 %
17.28 3.54 %
17.26 3.42 %
Current price 16.69
Support 16.63 -0.36%
16.32 -2.22%
16.00 -4.13%

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About ESSA Bancorp

ESSA Ban ESSA Bancorp, Inc. operates as the holding company for ESSA Bank & Trust that provides a range of financial services to individuals, families, and businesses in Pennsylvania. Its deposit products include savings accounts, NOW accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs, and other qualified plan accounts, as well as commercial checking accounts for businesses. The company’s loan portfolio co... Read more

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