ECN Capital Corp. Stock Forecast
Big movements in ECN Capital Corp. stock price on Thursday moving 11.21% between high and low
(Updated on Apr 25, 2024)
The ECN Capital Corp. stock price gained 7.88% on the last trading day (Thursday, 25th Apr 2024), rising from $1.65 to $1.78. During the last trading day the stock fluctuated 11.21% from a day low at $1.65 to a day high of $1.84. The price has risen in 5 of the last 10 days but is still down by -6.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 189 thousand more shares were traded than the day before. In total, 393 thousand shares were bought and sold for approximately $699.86 thousand.
The stock lies in the middle of a wide and 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 -38.24% during the next 3 months and, with a 90% probability hold a price between $1.01 and $1.24 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ECN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 7.88%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). ECN Capital Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ECN Capital Corp. 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 $2.05. On a fall, the stock will find some support from the short-term average at $1.74. 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.
Support, Risk & Stop-loss for ECN Capital Corp. stock
ECN Capital Corp. finds support from accumulated volume at $1.76 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.185 between high and low, or 11.21%. For the last week, the stock has had daily average volatility of 8.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECN.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ECN Capital Corp. to open at $1.76, and during the day (based on 14 day Average True Range), to move between $1.65 and $1.91, which gives a possible trading interval of +/-$0.127 (+/-7.13%) up or down from last closing price. If ECN Capital Corp. takes out the full calculated possible swing range there will be an estimated 14.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.79 (0.56%) than the support at $1.76 (1.12%), 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 ECN Capital Corp. stock A Buy?
ECN Capital Corp. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.126 Sell Candidate Upgraded
Predicted Opening Price for ECN Capital Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.76 ( 1.40%) | $1.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.94 | 8.99 % | |
| R2 | 1.87 | 5.02 % | ||
| R1 | 1.83 | 2.57 % | ||
| Current price: | 1.78 | |||
| Support | S1 | 1.68 | -5.37 % | |
| S2 | 1.64 | -7.83 % | ||
| S3 | 1.57 | -11.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.99 | 11.80 % | |
| R2 | 1.80 | 1.12 % | ||
| R1 | 1.79 | 0.562 % | ||
| Current price | 1.78 | |||
| Support | S1 | 1.76 | -1.12% | |
| S2 | 1.74 | -2.25% | ||
| S3 | 1.72 | -3.37% |
ECN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 08, 2024 | Apr 19, 2024 | $0.0100 | 0.581% |
| 2 | Nov 13, 2023 | Dec 14, 2023 | Jan 02, 2024 | $0.0100 | 0.337% |
| 3 | Sep 14, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.0100 | 0.439% |
| 4 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.0100 | 0.375% |
| 5 | Apr 06, 2023 | Apr 06, 2023 | Apr 20, 2023 | $0.0100 | 0.300% |
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