Environmental Tectonics Corporation Stock Forecast
Environmental Tectonics Corporation stock price ended at $1.90 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of Environmental Tectonics Corporation stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 1.06% from a day low at $1.88 to a day high of $1.90. The price has risen in 5 of the last 10 days and is up by 9.2% over the past 2 weeks.
The stock lies in the upper part of a very wide and strong rising 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 $1.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 148.27% during the next 3 months and, with a 90% probability hold a price between $3.12 and $4.94 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ETCC Signals & Forecast
The Environmental Tectonics Corporation 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 $1.89 and $1.33. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -2.56%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Environmental Tectonics Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.66 and $1.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Environmental Tectonics Corporation finds support just below today's level at $1.66. If this is broken, then the next support from accumulated volume will be at $1.60 and $1.46.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0200 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.27%.
Our recommended stop-loss: $1.82 (-4.43%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ETCC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Environmental Tectonics Corporation to open at $1.89, and during the day (based on 14 day Average True Range), to move between $1.78 and $2.02, which gives a possible trading interval of +/-$0.116 (+/-6.09%) up or down from last closing price. If Environmental Tectonics Corporation takes out the full calculated possible swing range there will be an estimated 12.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.92 (1.05%) than the support at $1.66 (12.63%), 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 Environmental Tectonics Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Environmental Tectonics Corporation stock to perform well in the short-term.
Current score: 2.221 Buy Candidate Unchanged
Predicted Opening Price for Environmental Tectonics Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.89 ( 0.351%) | $1.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETCC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.91 | 0.702% |
| R2 | 1.91 | 0.300% |
| R1 | 1.90 | 0.0512% |
| Price | 1.90 | |
| S1 | 1.89 | -0.753% |
| S2 | 1.88 | -1.00% |
| S3 | 1.87 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 1.95 | 2.63% |
| R1 | 1.92 | 1.05% |
| Price | 1.90 | |
| S1 | 1.66 | -12.63% |
| S2 | 1.60 | -15.79% |
| S3 | 1.46 | -23.16% |
FAQ
Click here for our free guide on how to buy Environmental Tectonics Corporation Stock.
