Enpro Industries Stock Forecast
Stronger technical forecast for Enpro Industries stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Enpro Industries stock price fell by -1.09% on the last day (Thursday, 25th Apr 2024) from $151.03 to $149.38. During the last trading day the stock fluctuated 1.47% from a day low at $148.46 to a day high of $150.64. The price has fallen in 9 of the last 10 days and is down by -6.62% for this period. 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 -33 thousand shares and in total, 83 thousand shares were bought and sold for approximately $12.33 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $148.68 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Enpro Industries stock with a 90% probability to be traded between $149.52 and $170.81 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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NPO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.505%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enpro Industries 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 $150.09 and $158.76. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Enpro Industries stock
Enpro Industries finds support from accumulated volume at $149.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.18 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 1.97%.
Enpro Industries is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: $139.48 (-6.63%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 10 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (NPO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Enpro Industries to open at $149.49, and during the day (based on 14 day Average True Range), to move between $145.36 and $153.40, which gives a possible trading interval of +/-$4.02 (+/-2.69%) up or down from last closing price. If Enpro Industries takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $149.26 (0.08%) than the resistance at $151.04 (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enpro Industries stock A Buy?
Enpro Industries holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.225 Hold/Accumulate Upgraded
Predicted Opening Price for Enpro Industries of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $149.49 ( 0.0759%) | $149.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.67 | 1.54 % | |
| R2 | 150.84 | 0.98 % | ||
| R1 | 150.33 | 0.633 % | ||
| Current price: | 149.38 | |||
| Support | S1 | 148.66 | -0.482 % | |
| S2 | 148.15 | -0.83 % | ||
| S3 | 147.31 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.37 | 9.37 % | |
| R2 | 159.97 | 7.09 % | ||
| R1 | 151.04 | 1.11 % | ||
| Current price | 149.38 | |||
| Support | S1 | 149.26 | -0.0803% | |
| S2 | 149.02 | -0.241% | ||
| S3 | 148.63 | -0.502% |
NPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 05, 2024 | Mar 20, 2024 | $0.300 | 0.188% |
| 2 | Oct 25, 2023 | Nov 28, 2023 | Dec 13, 2023 | $0.290 | 0.206% |
| 3 | Aug 02, 2023 | Aug 29, 2023 | Sep 13, 2023 | $0.290 | 0.234% |
| 4 | Apr 28, 2023 | May 30, 2023 | Jun 14, 2023 | $0.290 | 0.231% |
| 5 | Feb 16, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.290 | 0.302% |
FAQ
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