Edisun Power Europe AG Stock Forecast
Red day on Friday for Edisun Power Europe AG stock after losing 1.52%
(Updated on May 17, 2024)
The Edisun Power Europe AG stock price fell by -1.52% on the last day (Friday, 17th May 2024) from 98.50 Fr to 97.00 Fr. During the last trading day the stock fluctuated 1.55% from a day low at 97.00 Fr to a day high of 98.50 Fr. The price has fallen in 6 of the last 10 days and is down by -2.51% 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 -1 shares and in total, 222 shares were bought and sold for approximately 21.53 Fr thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 96.13 Fr is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.86% during the next 3 months and, with a 90% probability hold a price between 89.53 Fr and 94.32 Fr 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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ESUN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 0.518%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Edisun Power Europe AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 98.50 Fr and 100.70 Fr. A break-up above any of these levels will issue buy signals. 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 for Edisun Power Europe AG stock
Edisun Power Europe AG finds support from accumulated volume at 96.50 Fr 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 1.50 Fr between high and low, or 1.55%. For the last week the stock has had daily average volatility of 2.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESUN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Edisun Power Europe AG to open at 97.50 Fr, and during the day (based on 14 day Average True Range), to move between 95.06 Fr and 98.94 Fr, which gives a possible trading interval of +/-1.94 Fr (+/-2.00%) up or down from last closing price. If Edisun Power Europe AG takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 96.50 Fr (0.52%) than the resistance at 99.00 Fr (2.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Edisun Power Europe AG stock A Buy?
Edisun Power Europe AG holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.225 Sell Candidate Unchanged
Predicted Opening Price for Edisun Power Europe AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 97.50 Fr ( 0.515%) | 97.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESUN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.00 | 2.06 % | |
| R2 | 98.43 | 1.47 % | ||
| R1 | 98.07 | 1.11 % | ||
| Current price: | 97.00 | |||
| Support | S1 | 96.93 | -0.0753 % | |
| S2 | 96.57 | -0.440 % | ||
| S3 | 96.00 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.50 | 7.73 % | |
| R2 | 102.00 | 5.15 % | ||
| R1 | 99.00 | 2.06 % | ||
| Current price | 97.00 | |||
| Support | S1 | 96.50 | -0.515% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ESUN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 1.70 Fr | 1.72% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | 1.60 Fr | 1.34% |
| 3 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | 1.10 Fr | 0.93% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | 1.10 Fr | 0.93% |
| 5 | Mar 27, 2020 | Apr 29, 2020 | May 04, 2020 | 1.10 Fr | 1.07% |
FAQ
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