Evertz Technologies Limited Stock Forecast
Stronger technical forecast for Evertz Technologies Limited stock price after Friday trading.
(Updated on May 03, 2024)
The Evertz Technologies Limited stock price fell by -0.94% on the last day (Friday, 3rd May 2024) from $13.90 to $13.77. During the last trading day the stock fluctuated 1.02% from a day low at $13.70 to a day high of $13.84. The price has been going up and down for this period, and there has been a 1.18% gain for the last 2 weeks. 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 thousand shares and in total, 2 thousand shares were bought and sold for approximately $27.55 thousand.
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 -6.94% during the next 3 months and, with a 90% probability hold a price between $12.25 and $13.64 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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ET.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.77%. 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. The Evertz Technologies Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $14.23. On a fall, the stock will find some support from the short-term average at $13.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Evertz Technologies Limited stock
Evertz Technologies Limited finds support from accumulated volume at $13.66 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 $0.140 between high and low, or 1.02%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: $13.08 (-5.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (ET.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Evertz Technologies Limited to open at $13.77, and during the day (based on 14 day Average True Range), to move between $13.43 and $14.11, which gives a possible trading interval of +/-$0.342 (+/-2.48%) up or down from last closing price. If Evertz Technologies Limited takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.66 (0.80%) than the resistance at $14.12 (2.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Evertz Technologies Limited stock A Buy?
Evertz Technologies Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.153 Hold/Accumulate Upgraded
Predicted Opening Price for Evertz Technologies Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$13.77 ( 0.00000000%) | $13.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ET.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.91 | 1.02 % | |
R2 | 13.86 | 0.628 % | ||
R1 | 13.82 | 0.388 % | ||
Current price: | 13.77 | |||
Support | S1 | 13.72 | -0.388 % | |
S2 | 13.68 | -0.628 % | ||
S3 | 13.63 | -1.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.91 | 8.28 % | |
R2 | 14.41 | 4.65 % | ||
R1 | 14.12 | 2.54 % | ||
Current price | 13.77 | |||
Support | S1 | 13.66 | -0.799% | |
S2 | 13.46 | -2.25% | ||
S3 | 13.32 | -3.27% |
ET Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.195 | 1.32% |
2 | Dec 06, 2023 | Dec 14, 2023 | Dec 21, 2023 | $0.195 | 1.36% |
3 | Sep 21, 2023 | Sep 21, 2023 | Sep 29, 2023 | $0.190 | 1.52% |
4 | Jun 21, 2023 | Jun 28, 2023 | Jul 06, 2023 | $0.190 | 1.41% |
5 | Mar 02, 2023 | Mar 15, 2023 | Mar 23, 2023 | $0.190 | 1.74% |
FAQ
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