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El Pollo Loco Holdings stock downgraded to Sell Candidate
(Updated on Oct 08, 2024)

Sell candidate since Oct 08, 2024

The El Pollo Loco Holdings stock price gained 1.98% on the last trading day (Tuesday, 8th Oct 2024), rising from $13.10 to $13.36. During the last trading day the stock fluctuated 2.84% from a day low at $13.13 to a day high of $13.50. The price has fallen in 7 of the last 10 days and is down by -2.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 49 thousand more shares were traded than the day before. In total, 167 thousand shares were bought and sold for approximately $2.23 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.14 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 23.66% during the next 3 months and, with a 90% probability hold a price between $16.25 and $18.58 at the end of this 3-month period.

LOCO Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The El Pollo Loco Holdings 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 $13.41 and $13.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, August 30, 2024, and so far it has fallen -3.61%. 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).

Support, Risk & Stop-loss for El Pollo Loco Holdings stock

On the downside, the stock finds support just below today's level from accumulated volume at $11.96 and $11.32. 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, El Pollo Loco Holdings finds support just below today's level at $11.96. If this is broken, then the next support from accumulated volume will be at $11.32 and $11.15.

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 $0.373 between high and low, or 2.84%. For the last week the stock has had daily average volatility of 2.03%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LOCO) For The Upcoming Trading Day Of Wednesday 9th

For the upcoming trading day on Wednesday, 9th we expect El Pollo Loco Holdings to open at $13.33, and during the day (based on 14 day Average True Range), to move between $13.05 and $13.67, which gives a possible trading interval of +/-$0.313 (+/-2.34%) up or down from last closing price. If El Pollo Loco Holdings takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.66 (2.25%) than the support at $11.96 (10.48%), 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 El Pollo Loco Holdings stock A Buy?

The El Pollo Loco Holdings stock holds several negative signals and despite the positive trend, we believe El Pollo Loco Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.558 Sell Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on October 9, 2024 - $13.33 ( 0.231%). The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LOCO

Fibonacci Support & Resistance Levels

Level Price
R3 13.70 2.56%
R2 13.56 1.49%
R1 13.47 0.83%
Price 13.36
S1 13.19 -1.30%
S2 13.10 -1.95%
S3 12.96 -3.02%

Accumulated Volume Support & Resistance Levels

Level Price
R3 13.81 3.37%
R2 13.73 2.77%
R1 13.66 2.25%
Price 13.36
S1 11.96 -10.48%
S2 11.32 -15.27%
S3 11.15 -16.54%

LOCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 14, 2022 Oct 21, 2022 Nov 09, 2022 $1.50 14.15%

FAQ

What is the symbol for El Pollo Loco Holdings Stock and on which exchange is it traded?
The symbol for El Pollo Loco Holdings is LOCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell El Pollo Loco Holdings Stock?
The El Pollo Loco Holdings stock holds several negative signals and despite the positive trend, we believe El Pollo Loco Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy El Pollo Loco Holdings Stock?
El Pollo Loco Holdings Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy El Pollo Loco Holdings Stock.

What's the current price of El Pollo Loco Holdings Stock?
As of the end of day on the Oct 08, 2024, the price of an El Pollo Loco Holdings (LOCO) share was $13.36.

What is the 52-week high and low for El Pollo Loco Holdings Stock?
The 52-week high for El Pollo Loco Holdings Stock is $14.25 and the 52-week low is $8.11.

What is the market capitalization of El Pollo Loco Holdings Stock?
As of the Oct 08, 2024, the market capitalization of El Pollo Loco Holdings is 392.061M.

When is the next earnings date for El Pollo Loco Holdings?
The upcoming earnings date for El Pollo Loco Holdings is Nov 07, 2024.
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ABOUT EL POLLO LOCO HOLDINGS
El Pollo Loco Holdings
El Pollo Loco Holdings, Inc., through its subsidiary, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. As of May 04, 2022, the company operated 480 restaurants comprising 189 company-operated and 291 franchised restaurants located in California, Nevada, Arizona, Texas, Utah, and Louisiana. It also licenses one restaurant in the Philippines. The company was formerly known as ...
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