Eurodry Stock Forecast

Buy or Hold candidate since May 05, 2026 Gain 5.51%

The Eurodry Ltd. stock price gained 1.17% on the last trading day (Friday, 5th Jun 2026), rising from $22.15 to $22.41. During the last trading day the stock fluctuated 5.31% from a day low at $21.84 to a day high of $23.00. The price has been going up and down for this period, and there has been a -4.27% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately $248.17 thousand.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.39% during the next 3 months and, with a 90% probability hold a price between $24.98 and $28.76 at the end of this 3-month period.

EDRY Signals & Forecast

The Eurodry Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $22.74. On a fall, the stock will find some support from the long-term average at approximately $21.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Eurodry Ltd. 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. A sell signal was issued from a pivot top point on Tuesday, May 26, 2026, and so far it has fallen -5.02%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Eurodry Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at $20.20 and $19.93. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eurodry Ltd. finds support just below today's level at $20.20. If this is broken, then the next support from accumulated volume will be at $19.93 and $19.72.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.16 between high and low, or 5.31%. For the last week, the stock has had daily average volatility of 4.90%.

Our recommended stop-loss: $21.28 (-5.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (EDRY) For The Upcoming Trading Day Of Monday 8th

For the upcoming trading day on Monday, 8th we expect Eurodry Ltd. to open at $22.42, and during the day (based on 14 day Average True Range), to move between $21.74 and $23.08, which gives a possible trading interval of +/-$1.35 (+/-6.21%) up or down from last closing price. If Eurodry Ltd. takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.37 (4.28%) than the support at $20.20 (9.86%), 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 Eurodry Ltd. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Eurodry Ltd. stock to perform well in the short-term.

Current score: 1.359 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 8, 2026 - $22.42 ( 0.0297%).

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