Eclipse Resources Corp Forecast and Stock Analysis
Technical ECR.L stock analysis for Wednesday May 22, 2019.
|Shorts||16.08% ( 2019-02-15 )|
|Price to book||GBP 0.53|
|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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
Eclipse Resources Corp finds support from accumulated volume at £0.97.
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
Very Low Low Medium High Very High
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.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us