Entravision Communications Corporation Stock Forecast
Entravision Communications Corporation stock price down 1.42% on Wednesday
(Updated on Apr 24, 2024)
The Entravision Communications Corporation stock price fell by -1.42% on the last day (Wednesday, 24th Apr 2024) from $2.11 to $2.08. During the last trading day the stock fluctuated 2.41% from a day low at $2.06 to a day high of $2.11. The price has risen in 5 of the last 10 days and is up by 1.96% 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 -47 thousand shares and in total, 383 thousand shares were bought and sold for approximately $797.23 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $1.74, a level that may pose a second chance to hit a runner. According to fan-theory $3.47 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EVC Signals & Forecast
The Entravision Communications 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 $2.05 and $1.77. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 11, 2024, and so far it has fallen -4.59%. 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). 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.
Support, Risk & Stop-loss for Entravision Communications Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.79 and $1.62. 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, Entravision Communications Corporation finds support just below today's level at $1.79. If this is broken, then the next support from accumulated volume will be at $1.62 and $1.59.
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 $0.0497 between high and low, or 2.41%. For the last week the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: $1.98 (-4.77%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (EVC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Entravision Communications Corporation to open at $2.08, and during the day (based on 14 day Average True Range), to move between $1.96 and $2.20, which gives a possible trading interval of +/-$0.125 (+/-6.00%) up or down from last closing price. If Entravision Communications Corporation takes out the full calculated possible swing range there will be an estimated 11.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.10 (0.96%) than the support at $1.79 (13.94%), 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.
Earnings coming up
Entravision Communications Corporation will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0900. We will update the financials statements for Entravision Communications Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.40% in the first trading day after earnings release.
Is Entravision Communications Corporation stock A Buy?
Entravision Communications Corporation 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.
Current score: 0.490 Hold/Accumulate Unchanged
Predicted Opening Price for Entravision Communications Corporation of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$2.08 ( 0.155%) | $2.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.13 | 2.54 % | |
R2 | 2.11 | 1.63 % | ||
R1 | 2.10 | 1.07 % | ||
Current price: | 2.08 | |||
Support | S1 | 2.06 | -0.757 % | |
S2 | 2.05 | -1.32 % | ||
S3 | 2.03 | -2.23 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.18 | 4.81 % | |
R2 | 2.11 | 1.44 % | ||
R1 | 2.10 | 0.96 % | ||
Current price | 2.08 | |||
Support | S1 | 1.79 | -13.94% | |
S2 | 1.62 | -22.12% | ||
S3 | 1.59 | -23.56% |
EVC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.0500 | 3.05% |
2 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0500 | 1.20% |
3 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.0500 | 1.37% |
4 | May 04, 2023 | Jun 15, 2023 | Sep 29, 2023 | $0.0500 | 1.37% |
5 | Feb 03, 2023 | Mar 15, 2023 | Mar 31, 2023 | $0.0500 | 0.83% |
FAQ
Click here for our free guide on how to buy Entravision Communications Corporation Stock.