Electro-Sensors Stock Forecast
Electro-Sensors stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Electro-Sensors stock price fell by -3.10% on the last day (Wednesday, 17th Apr 2024) from $4.22 to $4.09. During the last trading day the stock fluctuated 0.739% from a day low at $4.06 to a day high of $4.09. The price has risen in 4 of the last 10 days. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 929 shares were bought and sold for approximately $3.80 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Electro-Sensors stock with a 90% probability to be traded between $3.88 and $4.23 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
ELSE Signals & Forecast
There are few to no technical positive signals at the moment. The Electro-Sensors stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $4.13 and $4.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -3.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Electro-Sensors stock
Electro-Sensors finds support from accumulated volume at $4.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0300 between high and low, or 0.739%. For the last week the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELSE) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Electro-Sensors to open at $4.08, and during the day (based on 14 day Average True Range), to move between $3.98 and $4.20, which gives a possible trading interval of +/-$0.109 (+/-2.67%) up or down from last closing price. If Electro-Sensors takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.05 (0.98%) than the resistance at $4.14 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Electro-Sensors stock A Buy?
Electro-Sensors holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.744 Sell Candidate Downgraded
Predicted Opening Price for Electro-Sensors of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $4.08 ( 0.244%) | $4.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELSE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.11 | 0.489 % | |
| R2 | 4.10 | 0.209 % | ||
| R1 | 4.09 | 0.0357 % | ||
| Current price: | 4.09 | |||
| Support | S1 | 4.07 | -0.525 % | |
| S2 | 4.06 | -0.698 % | ||
| S3 | 4.05 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.19 | 2.45 % | |
| R2 | 4.15 | 1.47 % | ||
| R1 | 4.14 | 1.22 % | ||
| Current price | 4.09 | |||
| Support | S1 | 4.05 | -0.98% | |
| S2 | 4.01 | -1.96% | ||
| S3 | 4.00 | -2.20% |
ELSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2013 | May 08, 2013 | May 24, 2013 | $0.0400 | 0.94% |
| 2 | Jan 23, 2013 | Feb 06, 2013 | Feb 22, 2013 | $0.0400 | 1.02% |
| 3 | Oct 17, 2012 | Oct 31, 2012 | Nov 16, 2012 | $0.0400 | 1.08% |
| 4 | Jul 18, 2012 | Aug 01, 2012 | Aug 17, 2012 | $0.0400 | 1.00% |
| 5 | Apr 19, 2012 | May 02, 2012 | May 18, 2012 | $0.0400 | 0.99% |
FAQ
Click here for our free guide on how to buy Electro-Sensors Stock.
