RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ENGH.TO
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Enghouse Systems Limited stock price down 1.06% on Wednesday
(Updated on Mar 27, 2024)

Sell candidate since Mar 19, 2024 Loss -1.19% PDF

The Enghouse Systems Limited stock price fell by -1.06% on the last day (Wednesday, 27th Mar 2024) from $31.01 to $30.68. During the last trading day the stock fluctuated 2.91% from a day low at $30.58 to a day high of $31.47. The price has been going up and down for this period, and there has been a -11.56% loss for the last 2 weeks. 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 -23 thousand shares and in total, 68 thousand shares were bought and sold for approximately $2.08 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $30.54 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.13% during the next 3 months and, with a 90% probability hold a price between $27.14 and $31.33 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

ENGH.TO Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enghouse Systems Limited 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 $31.22 and $34.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Enghouse Systems Limited 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.

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 $0.89 between high and low, or 2.91%. For the last week, the stock has had daily average volatility of 2.02%.

Enghouse Systems Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ENGH.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Enghouse Systems Limited to open at $30.91, and during the day (based on 14 day Average True Range), to move between $29.67 and $31.69, which gives a possible trading interval of +/-$1.01 (+/-3.30%) up or down from last closing price. If Enghouse Systems Limited takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $31.01, some $0.330 (1.08%) from the current price of $30.68, our system finds the risk reward not very attractive.

Is Enghouse Systems Limited stock A Buy?

Enghouse Systems Limited holds several negative signals and is within a wide and 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.

Current score: -4.118 Sell Candidate Unchanged

Predicted Opening Price for Enghouse Systems Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$30.91 ( 0.750%) $30.68

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ENGH.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.80 3.65 %
R2 31.46 2.54 %
R1 31.25 1.86 %
Current price: 30.68
Support S1 30.57 -0.358 %
S2 30.36 -1.04 %
S3 30.02 -2.15 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 37.24 21.38 %
R2 32.30 5.28 %
R1 31.01 1.08 %
Current price 30.68
Support S1 0 .
S2 0 .
S3 0 .

ENGH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 16, 2024 May 16, 2024 May 16, 2024 $0 0%
2 Feb 14, 2024 Feb 14, 2024 Feb 14, 2024 $0 0%
3 Aug 16, 2023 Aug 16, 2023 Aug 31, 2023 $0.220 0.718%
4 May 16, 2023 May 16, 2023 May 31, 2023 $0.220 0.584%
5 Feb 13, 2023 Feb 13, 2023 Feb 28, 2023 $0.185 0.430%

FAQ

What is the symbol for Enghouse Systems Limited Stock and on which exchange is it traded?
The symbol for Enghouse Systems Limited is ENGH.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Enghouse Systems Limited Stock?
Enghouse Systems Limited holds several negative signals and is within a wide and 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.

How to buy Enghouse Systems Limited Stock?
Enghouse Systems Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Enghouse Systems Limited Stock.

What's the current price of Enghouse Systems Limited Stock?
As of the end of day on the 2024-03-27, the price of an Enghouse Systems Limited (ENGH.TO) share was $30.68.

What is the 52-week high and low for Enghouse Systems Limited Stock?
The 52-week high for Enghouse Systems Limited Stock is $40.02 and the 52-week low is $27.51.

What is the market capitalization of Enghouse Systems Limited Stock?
As of the 2024-03-27, the market capitalization of Enghouse Systems Limited is 1.696B.

When is the next earnings date for Enghouse Systems Limited?
The upcoming earnings date for Enghouse Systems Limited is Jun 10, 2024.
Click to get the best stock tips daily for free!

About Enghouse Systems Limited

Enghouse Systems Limited Enghouse Systems Limited, together with its subsidiaries, develops enterprise software solutions worldwide. It operates through two segments, Interactive Management Group and Asset Management Group. The Interactive Management Group segment provides customer interaction software and services to facilitate remote work, enhance customer service, increase efficiency, and manage customer communications across various types of interactions, including v... ENGH.TO Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT