ENAGAS SA UNSP ADR Stock Forecast
Green day on Tuesday for ENAGAS SA UNSP ADR stock after gaining 0.271%
(Updated on Apr 23, 2024)
The ENAGAS SA UNSP ADR stock price gained 0.271% on the last trading day (Tuesday, 23rd Apr 2024), rising from $7.37 to $7.39. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.37% from a day low at $7.30 to a day high of $7.40. The price has been going up and down for this period, and there has been a 0.68% gain 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, 26 thousand more shares were traded than the day before. In total, 78 thousand shares were bought and sold for approximately $574.46 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $7.45 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.95% during the next 3 months and, with a 90% probability hold a price between $5.78 and $6.64 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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ENGGY Signals & Forecast
The ENAGAS SA UNSP ADR stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.23 and $7.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 5.42%. Further rise is indicated until a new top pivot has been found. ENAGAS SA UNSP ADR 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ENAGAS SA UNSP ADR stock
ENAGAS SA UNSP ADR finds support from accumulated volume at $7.23 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.100 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: $7.07 (-4.35%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (ENGGY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect ENAGAS SA UNSP ADR to open at $7.36, and during the day (based on 14 day Average True Range), to move between $7.28 and $7.50, which gives a possible trading interval of +/-$0.109 (+/-1.48%) up or down from last closing price. If ENAGAS SA UNSP ADR takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.23 (2.17%) than the resistance at $7.76 (5.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ENAGAS SA UNSP ADR stock A Buy?
ENAGAS SA UNSP ADR holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.378 Hold/Accumulate Unchanged
Predicted Opening Price for ENAGAS SA UNSP ADR of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $7.36 ( 0.361%) | $7.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENGGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.46 | 0.99 % | |
| R2 | 7.43 | 0.475 % | ||
| R1 | 7.40 | 0.156 % | ||
| Current price: | 7.39 | |||
| Support | S1 | 7.33 | -0.88 % | |
| S2 | 7.30 | -1.20 % | ||
| S3 | 7.26 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.91 | 7.04 % | |
| R2 | 7.88 | 6.63 % | ||
| R1 | 7.76 | 5.01 % | ||
| Current price | 7.39 | |||
| Support | S1 | 7.23 | -2.17% | |
| S2 | 7.17 | -2.98% | ||
| S3 | 7.09 | -4.06% |
ENGGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.271 | 3.19% |
| 2 | Jul 03, 2023 | Jul 03, 2023 | Jul 21, 2023 | $0.564 | 6.23% |
| 3 | Dec 16, 2022 | Dec 19, 2022 | Jan 05, 2023 | $0.362 | 4.31% |
| 4 | Jun 30, 2022 | Jul 05, 2022 | Jul 22, 2022 | $0.533 | 5.60% |
| 5 | Dec 16, 2021 | Dec 17, 2021 | Jan 05, 2022 | $0.382 | 3.39% |
FAQ
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