Ensign Energy Services Inc. Stock Forecast
Ensign Energy Services Inc. stock price ended at $1.67 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of Ensign Energy Services Inc. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $1.67 to a day high of $1.67. The price has been going up and down for this period, and there has been a 5.03% gain for the last 2 weeks.
The stock lies in the middle of a 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 -15.87% during the next 3 months and, with a 90% probability hold a price between $1.25 and $1.45 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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ESVIF Signals & Forecast
Mostly positive signals in the chart today. The Ensign Energy Services Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.64 and $1.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 5.70%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ensign Energy Services Inc. stock
Ensign Energy Services Inc. finds support from accumulated volume at $1.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $1.60 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 62 days ago.)
Trading Expectations (ESVIF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ensign Energy Services Inc. to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.64 and $1.70, which gives a possible trading interval of +/-$0.0267 (+/-1.60%) up or down from last closing price. If Ensign Energy Services Inc. takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.67 (0.30%) than the resistance at $1.71 (2.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ensign Energy Services Inc. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.056 Buy Candidate Unchanged
Predicted Opening Price for Ensign Energy Services Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.67 ( 0%) | $1.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESVIF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.67 | - |
| R2 | 1.67 | - |
| R1 | 1.67 | - |
| Price | 1.67 | |
| S1 | 1.67 | - |
| S2 | 1.67 | - |
| S3 | 1.67 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.76 | 5.27% |
| R2 | 1.73 | 3.59% |
| R1 | 1.71 | 2.40% |
| Price | 1.67 | |
| S1 | 1.67 | -0.299% |
| S2 | 1.65 | -1.20% |
| S3 | 1.64 | -1.80% |
ESVIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2020 | Mar 19, 2020 | Apr 03, 2020 | $0.0410 | 10.42% |
| 2 | Dec 18, 2019 | Dec 18, 2019 | Dec 18, 2019 | $0.0460 | 2.69% |
| 3 | Mar 22, 2019 | Mar 22, 2019 | Mar 22, 2019 | $0.0900 | 2.61% |
| 4 | Dec 19, 2018 | Dec 19, 2018 | Dec 19, 2018 | $0.0890 | 2.80% |
| 5 | Sep 20, 2018 | Sep 20, 2018 | Sep 20, 2018 | $0.0930 | 2.54% |
FAQ
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