Wednesday May 22, 2019 Change 11.11% Price £1.00
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ECR.L stock price go up or down on Thu, 23 May 2019?

Predict

Eclipse Resources Corp Forecast and Stock Analysis

Technical ECR.L stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-22
Shorts 16.08% ( 2019-02-15 )
Insider % 1.90%
Institutional % 82.50%
Beta -0.52
ROA -2.33%
Price to book GBP 0.53
P/E Ratio n/a
Next Earnings Date n/a


Eclipse Resources Corp gained 11.11% in the last trading day ( Wednesday, 22nd May 2019 ), rising from £0.90 to £1.00 During day the stock fluctuated 16.67% from a day low at £0.90 to a day high of £1.05. The price has fallen in 5 of the last 10 days , but is still up by 3.63% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 10.60 million more shares were traded than the day before. In total, 11.83 million shares bought and sold for approximately £11.83 million.

Quick summary:

  • 30 day high of the ECR.L stock price was £1.05 and low was £0.65.
  • 90 day high was £1.05 and low was £0.65.
  • 52 week high for the Eclipse Resources Corp - £1.15 and low - £0.63.

Trend

Eclipse Resources Corp is the upper part of a very wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at £1.02 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Eclipse Resources Corp with 90% probability to be traded between £0.64 and £1.01 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Eclipse Resources Corp holds buy signals from both short- and long-term moving averages. In addition, 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 £0.96 and £0.81. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday May 21, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Eclipse Resources Corp finds support from accumulated volume at £0.97.

Support: £0.97 Price: £1.00 Resistance: £1.03

Risk

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 £0.15 between high and low, or 16.67%. For the last week, the stock has had a daily average volatility of 9.88%.

Our recommended stoploss: £0.95 (-5.48%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 1 days ago.)

9.88 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate Upgraded

Will ECR.L stock price go up or down
on Thu, 23 May 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank