Earth Science Te Stock Forecast
Red day on Tuesday for Earth Science Te
(Updated on Jul 02, 2024)
The Earth Science Te stock price fell by -1.55% on the last day (Tuesday, 2nd Jul 2024) from $0.258 to $0.254. During the last trading day the stock fluctuated 0% from a day low at $0.254 to a day high of $0.254. The price has risen in 6 of the last 10 days and is up by 27% over the past 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 -207 thousand shares and in total, 4 thousand shares were bought and sold for approximately $965.20 .
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 495.73% during the next 3 months and, with a 90% probability hold a price between $1.36 and $1.65 at the end of this 3-month period.
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ETST Signals & Forecast
The Earth Science Te 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 $0.239 and $0.214. 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 -5.93%. Further fall is indicated until a new bottom pivot has been found. 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 Earth Science Te stock
Earth Science Te finds support from accumulated volume at $0.250 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 9.28%.
Our recommended stop-loss: $0.243 (-4.31%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (ETST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Earth Science Te to open at $0.254, and during the day (based on 14 day Average True Range), to move between $0.223 and $0.285, which gives a possible trading interval of +/-$0.0314 (+/-12.34%) up or down from last closing price. If Earth Science Te takes out the full calculated possible swing range there will be an estimated 24.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.258 (1.57%) than the support at $0.250 (1.57%), 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 Earth Science Te 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 Earth Science Te stock to perform well in the short-term.
Current score: 4.047 Buy Candidate Unchanged
Predicted Opening Price for Earth Science Te of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.254 ( 0%) | $0.254 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.254 | - |
| R2 | 0.254 | - |
| R1 | 0.254 | - |
| Price | 0.254 | |
| S1 | 0.254 | - |
| S2 | 0.254 | - |
| S3 | 0.254 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.270 | 6.30% |
| R2 | 0.260 | 2.36% |
| R1 | 0.258 | 1.57% |
| Price | 0.254 | |
| S1 | 0.250 | -1.57% |
| S2 | 0.225 | -11.42% |
| S3 | 0.200 | -21.26% |
FAQ
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