Engility Holdings Inc Stock Forecast
Engility Holdings Inc stock price up 1.24% on Wednesday
(Updated on Mar 27, 2024)
The Engility Holdings Inc stock price gained 1.24% on the last trading day (Wednesday, 27th Mar 2024), rising from £161.50 to £163.50. During the last trading day the stock fluctuated 2.09% from a day low at £160.16 to a day high of £163.50. The price has risen in 6 of the last 10 days and is up by 4.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately £996.16 million.
Given the current short-term trend, the stock is expected to fall -9.17% during the next 3 months and, with a 90% probability hold a price between £127.11 and £148.50 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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EGL.L Signals & Forecast
Mostly positive signals in the chart today. The Engility Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 £160.21 and £153.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 11.60%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Engility Holdings Inc stock
Engility Holdings Inc finds support from accumulated volume at £157.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £3.35 (2.09%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.
The Engility Holdings Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: £156.67 (-4.18%) (This stock has low daily movements and this gives low risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (EGL.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Engility Holdings Inc to open at £162.39, and during the day (based on 14 day Average True Range), to move between £159.32 and £167.68, which gives a possible trading interval of +/-£4.18 (+/-2.56%) up or down from last closing price. If Engility Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £167.50 (2.45%) than the support at £157.50 (3.67%), 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 Engility Holdings Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.011 Buy Candidate Unchanged
Predicted Opening Price for Engility Holdings Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£162.39 ( 0.682%) | £163.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 165.73 | 1.36 % | |
R2 | 164.45 | 0.582 % | ||
R1 | 163.66 | 0.0996 % | ||
Current price: | 163.50 | |||
Support | S1 | 161.11 | -1.46 % | |
S2 | 160.32 | -1.95 % | ||
S3 | 159.04 | -2.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 173.50 | 6.12 % | |
R2 | 168.50 | 3.06 % | ||
R1 | 167.50 | 2.45 % | ||
Current price | 163.50 | |||
Support | S1 | 157.50 | -3.67% | |
S2 | 156.50 | -4.28% | ||
S3 | 155.00 | -5.20% |
EGL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 01, 2024 | Feb 29, 2024 | £2.05 | 1.35% |
2 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0195 | 0.0107% |
3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0195 | 0.0095% |
4 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | £1.95 | 0.90% |
5 | Jan 19, 2023 | Jan 26, 2023 | Feb 28, 2023 | £1.95 | 0.93% |
FAQ
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