Enterprise Group Inc. Stock Forecast
Enterprise Group Inc. stock price up more than 6.48% on Wednesday
(Updated on Apr 17, 2024)
The Enterprise Group Inc. stock price gained 6.48% on the last trading day (Wednesday, 17th Apr 2024), rising from $1.08 to $1.15. During the last trading day the stock fluctuated 6.48% from a day low at $1.08 to a day high of $1.15. The price has risen in 4 of the last 10 days and is up by 30.68% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 184 thousand shares were bought and sold for approximately $211.43 thousand. 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 stock lies in the middle of a very 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 21.97% during the next 3 months and, with a 90% probability hold a price between $1.08 and $1.53 at the end of this 3-month period.
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E.TO Signals & Forecast
The Enterprise Group Inc. 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 $1.12 and $0.92. 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 Monday, April 08, 2024, and so far it has fallen -6.50%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Enterprise Group Inc. stock
Enterprise Group Inc. finds support from accumulated volume at $1.13 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0700 between high and low, or 6.48%. For the last week the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: $1.10 (-4.77%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (E.TO) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Enterprise Group Inc. to open at $1.13, and during the day (based on 14 day Average True Range), to move between $1.09 and $1.21, which gives a possible trading interval of +/-$0.0627 (+/-5.46%) up or down from last closing price. If Enterprise Group Inc. takes out the full calculated possible swing range there will be an estimated 10.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.13 (1.74%) than the resistance at $1.23 (6.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enterprise Group Inc. 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 Enterprise Group Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.825 Buy Candidate Upgraded
Predicted Opening Price for Enterprise Group Inc. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $1.13 ( 2.03%) | $1.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for E.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.20 | 4.06 % | |
| R2 | 1.17 | 1.73 % | ||
| R1 | 1.15 | 0.296 % | ||
| Current price: | 1.15 | |||
| Support | S1 | 1.10 | -4.35 % | |
| S2 | 1.08 | -5.79 % | ||
| S3 | 1.06 | -8.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1.23 | 6.96 % | ||
| Current price | 1.15 | |||
| Support | S1 | 1.13 | -1.74% | |
| S2 | 1.11 | -3.48% | ||
| S3 | 0.88 | -23.48% |
E Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 19, 2017 | Dec 19, 2017 | Dec 19, 2017 | $0.417 | 130.40% |
| 2 | Sep 18, 2017 | Sep 18, 2017 | Sep 18, 2017 | $0.0016 | 0.532% |
| 3 | Jun 16, 2016 | Jun 16, 2016 | Jun 16, 2016 | $0.0140 | 4.11% |
| 4 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | $0.0114 | 1.89% |
| 5 | Mar 16, 2015 | Mar 16, 2015 | Mar 16, 2015 | $0.0171 | 1.90% |
FAQ
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