Emerson Radio Corp Stock Forecast
Emerson Radio Corp stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Emerson Radio Corp stock price gained 2.68% on the last trading day (Tuesday, 23rd Apr 2024), rising from $0.540 to $0.555. During the last trading day the stock fluctuated 0.453% from a day low at $0.552 to a day high of $0.555. The price has risen in 7 of the last 10 days and is up by 4.64% over the past 2 weeks. Volume fell on the last day by -432 shares and in total, 731 shares were bought and sold for approximately $405.41 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $0.560 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Emerson Radio Corp stock with a 90% probability to be traded between $0.508 and $0.557 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MSN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -0.96%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Emerson Radio Corp 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 $0.543 and $0.534. A breakdown below any of these levels will issue sell signals.
A sell signal from a double top formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should fall by -9.01% to $0.505 within 13 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Emerson Radio Corp stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.520 and $0.520. 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, Emerson Radio Corp finds support just below today's level at $0.520. If this is broken, then the next support from accumulated volume will be at $0.520 and $0.516.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0025 between high and low, or 0.453%. For the last week the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: $0.533 (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (MSN) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Emerson Radio Corp to open at $0.554, and during the day (based on 14 day Average True Range), to move between $0.540 and $0.570, which gives a possible trading interval of +/-$0.0150 (+/-2.71%) up or down from last closing price. If Emerson Radio Corp takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.555 (0.14%) than the support at $0.520 (6.22%), 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 Emerson Radio Corp stock A Buy?
Emerson Radio Corp 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.675 Hold/Accumulate Upgraded
Predicted Opening Price for Emerson Radio Corp of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $0.554 ( 0.150%) | $0.555 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.556 | 0.301 % | |
| R2 | 0.555 | 0.128 % | ||
| R1 | 0.555 | 0.0219 % | ||
| Current price: | 0.555 | |||
| Support | S1 | 0.553 | -0.322 % | |
| S2 | 0.552 | -0.429 % | ||
| S3 | 0.551 | -0.601 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.560 | 0.97 % | |
| R2 | 0.557 | 0.433 % | ||
| R1 | 0.555 | 0.144 % | ||
| Current price | 0.555 | |||
| Support | S1 | 0.520 | -6.22% | |
| S2 | 0.520 | -6.24% | ||
| S3 | 0.516 | -6.96% |
MSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 22, 2014 | Oct 01, 2014 | Sep 30, 2014 | $0.700 | 35.35% |
| 2 | Sep 10, 2014 | Sep 10, 2014 | Sep 30, 2014 | $0.700 | 35.35% |
| 3 | Mar 02, 2010 | Mar 25, 2010 | Mar 24, 2010 | $1.10 | 34.27% |
FAQ
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