Engie Adr Stock Forecast
Green day on Friday for Engie Adr
(Updated on Apr 19, 2024)
The Engie Adr stock price gained 0.83% on the last trading day (Friday, 19th Apr 2024), rising from $16.93 to $17.07. 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 1.73% from a day low at $16.81 to a day high of $17.10. The price has risen in 6 of the last 10 days and is up by 1.73% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 78 thousand shares were bought and sold for approximately $1.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a weak rising 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 $17.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.45% during the next 3 months and, with a 90% probability hold a price between $17.62 and $18.72 at the end of this 3-month period.
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ENGIY Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.117%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Engie Adr 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 $16.87 and $16.71. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, September 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Engie Adr stock
Engie Adr finds support from accumulated volume at $16.48 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 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 $0.290 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 1.12%
Our recommended stop-loss: $16.51 (-3.29%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (ENGIY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Engie Adr to open at $16.99, and during the day (based on 14 day Average True Range), to move between $16.87 and $17.27, which gives a possible trading interval of +/-$0.204 (+/-1.19%) up or down from last closing price. If Engie Adr takes out the full calculated possible swing range there will be an estimated 2.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.09 (0.12%) than the support at $16.48 (3.46%), 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 Engie Adr stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Engie Adr stock to perform well in the short-term.
Current score: 3.285 Buy Candidate Unchanged
Predicted Opening Price for Engie Adr of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $16.99 ( 0.449%) | $17.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENGIY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.28 | 1.25 % | |
| R2 | 17.17 | 0.601 % | ||
| R1 | 17.10 | 0.200 % | ||
| Current price: | 17.07 | |||
| Support | S1 | 16.88 | -1.10 % | |
| S2 | 16.81 | -1.50 % | ||
| S3 | 16.70 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 17.09 | 0.117 % | ||
| Current price | 17.07 | |||
| Support | S1 | 16.48 | -3.46% | |
| S2 | 15.83 | -7.26% | ||
| S3 | 15.30 | -10.40% |
ENGIY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 02, 2024 | $1.55 | 9.06% |
| 2 | Jul 31, 2023 | May 01, 2023 | May 10, 2023 | $1.49 | 9.28% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | $0.97 | 7.77% |
| 4 | May 21, 2019 | May 21, 2019 | May 21, 2019 | $0.85 | 5.93% |
| 5 | Oct 10, 2018 | Oct 10, 2018 | Oct 10, 2018 | $0.429 | 3.09% |
FAQ
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