Ennis Inc Stock Forecast
Stronger technical forecast for Ennis Inc stock price after Friday trading.
(Updated on Apr 19, 2024)
The Ennis Inc stock price gained 1.73% on the last trading day (Friday, 19th Apr 2024), rising from $19.10 to $19.43. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.78% from a day low at $19.10 to a day high of $19.44. The price has risen in 6 of the last 10 days but is still down by -3.67% for this period. Volume fell on the last day by -24 thousand shares and in total, 69 thousand shares were bought and sold for approximately $1.33 million. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.94% during the next 3 months and, with a 90% probability hold a price between $18.23 and $19.65 at the end of this 3-month period.
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EBF Signals & Forecast
There are mixed signals in the stock today. The Ennis Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $19.96. On a fall, the stock will find some support from the short-term average at $19.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 also not. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.10%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Ennis Inc stock
Ennis Inc finds support from accumulated volume at $19.10 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.340 between high and low, or 1.78%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $18.41 (-5.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (EBF) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Ennis Inc to open at $19.32, and during the day (based on 14 day Average True Range), to move between $19.12 and $19.74, which gives a possible trading interval of +/-$0.306 (+/-1.58%) up or down from last closing price. If Ennis Inc takes out the full calculated possible swing range there will be an estimated 3.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.10 (1.70%) than the resistance at $20.02 (3.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ennis Inc will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.390. We will update the financials statements for Ennis Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.66% in the first trading day after earnings release.
Is Ennis Inc stock A Buy?
Ennis Inc 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: -0.657 Hold/Accumulate Upgraded
Predicted Opening Price for Ennis Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $19.32 ( 0.549%) | $19.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.66 | 1.20 % | |
| R2 | 19.53 | 0.532 % | ||
| R1 | 19.45 | 0.119 % | ||
| Current price: | 19.43 | |||
| Support | S1 | 19.19 | -1.22 % | |
| S2 | 19.11 | -1.63 % | ||
| S3 | 18.98 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.32 | 4.58 % | |
| R2 | 20.25 | 4.22 % | ||
| R1 | 20.02 | 3.04 % | ||
| Current price | 19.43 | |||
| Support | S1 | 19.10 | -1.70% | |
| S2 | 19.07 | -1.85% | ||
| S3 | 19.03 | -2.06% |
EBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Apr 12, 2024 | May 06, 2024 | $0.250 | 1.29% |
| 2 | Dec 13, 2023 | Jan 03, 2024 | Feb 01, 2024 | $0.250 | 1.21% |
| 3 | Sep 15, 2023 | Oct 05, 2023 | Nov 03, 2023 | $0.250 | 1.14% |
| 4 | Jun 16, 2023 | Jul 06, 2023 | Aug 07, 2023 | $0.250 | 1.13% |
| 5 | Mar 27, 2023 | Apr 14, 2023 | May 08, 2023 | $0.250 | 1.30% |
FAQ
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