Eclipse Resources Corporation Forecast and Stock Analysis
Technical ECR stock analysis for Wednesday May 22, 2019.
|Shorts||16.08% ( 2019-02-15 )|
|Price to book||USD 0.53|
|Next Earnings Date||n/a|
Eclipse Resources Corporation fell by -6.16% in the last day ( Wednesday, 22nd May 2019 ) from $10.39 to $9.75 During day the stock fluctuated 6.29% from a day low at $9.70 to a day high of $10.31. The price has been going up and down for this period, and there has been a -5.89% loss for the last 2 weeks. Volume has increased in the last day by 15 353 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 227 002 shares bought and sold for approximately $2.21 million.
- 30 day high of the ECR stock price was $13.29 and low was $9.44.
- 90 day high was $17.95 and low was $1.11.
- 52 week high for the Eclipse Resources Corporation - $17.95 and low - $0.74.
Eclipse Resources Corporation lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $8.60 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.59% during the next 3 months and, with 90% probability hold a price between $7.34 and $13.16 at the end of this period.
There are few to none technical positive signals at the moment. Eclipse Resources Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $10.25 and $11.82. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
Eclipse Resources Corporation finds support from accumulated volume at $9.63.
This stock may move much during a 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 $0.61 between high and low, or 6.29%. For the last week, the stock has had a daily average volatility of 5.02%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.02 %Average volatility
Very Low Low Medium High Very High
Eclipse Resources Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|ECR $9.75 ($-0.64 -6.16%)|
ECR is down $0.64 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ECR based on the 1-3 month system that more than doubles the S&P 500.
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