Emtec, Inc Stock Forecast
Emtec, Inc stock price ended at $21.03 on Thursday, after losing 1.08%.
(Updated on Jun 20, 2024)
The Emtec, Inc stock price fell by -1.08% on the last day (Thursday, 20th Jun 2024) from $21.26 to $21.03. During the last trading day the stock fluctuated 0.238% from a day low at $20.98 to a day high of $21.03. The price has fallen in 6 of the last 10 days and is down by -5.36% for this period. Volume has increased on the last day by 244 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 458 shares were bought and sold for approximately $9.63 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.90% during the next 3 months and, with a 90% probability hold a price between $21.52 and $23.87 at the end of this 3-month period.
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ETEC Signals & Forecast
There are few to no technical positive signals at the moment. The Emtec, Inc 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 $21.39 and $21.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.11%. 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). Emtec, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Emtec, Inc stock
Emtec, Inc finds support from accumulated volume at $21.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 0.238%. For the last week the stock has had daily average volatility of 0.708%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETEC) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Emtec, Inc to open at $21.01, and during the day (based on 14 day Average True Range), to move between $20.74 and $21.32, which gives a possible trading interval of +/-$0.288 (+/-1.37%) up or down from last closing price. If Emtec, Inc takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.00 (0.14%) than the resistance at $21.30 (1.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emtec, Inc stock A Buy?
The Emtec, Inc stock holds several negative signals and despite the positive trend, we believe Emtec, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.104 Sell Candidate Unchanged
Predicted Opening Price for Emtec, Inc of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $21.01 ( 0.0793%) | $21.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETEC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.06 | 0.159% |
| R2 | 21.04 | 0.0677% |
| R1 | 21.03 | 0.0116% |
| Price | 21.03 | |
| S1 | 20.99 | -0.170% |
| S2 | 20.98 | -0.226% |
| S3 | 20.96 | -0.317% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.64 | 7.66% |
| R2 | 21.58 | 2.62% |
| R1 | 21.30 | 1.28% |
| Price | 21.03 | |
| S1 | 21.00 | -0.143% |
| S2 | 20.60 | -2.04% |
| S3 | 20.29 | -3.52% |
ETEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 17, 2024 | $0.0918 | 0.433% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 27, 2023 | $0.207 | 0.89% |
| 3 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.103 | 0.398% |
FAQ
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