EQUALNET COMMUNICATIONS CORP Stock Forecast
EQUALNET COMMUNICATIONS CORP stock price down 0% on Wednesday
(Updated on Sep 02, 2020)
No changes to the price of EQUALNET COMMUNICATIONS CORP stock on the last trading day (Wednesday, 2nd Sep 2020). During the last trading day the stock fluctuated 0% from a day low at £0.160 to a day high of £0.160. The price has been going up and down for this period, and there has been a -58.97% loss for the last 2 weeks.
The stock has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £0 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach £0 sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ENET.L Signals & Forecast
There are few to no technical positive signals at the moment. The EQUALNET COMMUNICATIONS CORP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.223 and £0.373. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for EQUALNET COMMUNICATIONS CORP stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.33%
Our recommended stop-loss: £0.0100 (-5.00%) (Unable to calculate.)
Trading Expectations (ENET.L) For The Upcoming Trading Day Of Thursday 3rd
Is EQUALNET COMMUNICATIONS CORP stock A Buy?
EQUALNET COMMUNICATIONS CORP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for EQUALNET COMMUNICATIONS CORP of Thursday, September 3, 2020
| Fair opening price September 3, 2020 | Current price |
|---|---|
| £0.160 ( 0%) | £0.160 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENET.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.160 | . | |
| R2 | 0.160 | . | ||
| R1 | 0.160 | . | ||
| Current price: | 0.160 | |||
| Support | S1 | 0.160 | . | |
| S2 | 0.160 | . | ||
| S3 | 0.160 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.160 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy EQUALNET COMMUNICATIONS CORP Stock.
