Wednesday June 19, 2019 Change 1.53% Price $4.65
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will ENIC stock price go up or down on Thu, 20 Jun 2019?

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ENIC Forecast and Stock Analysis

Technical ENIC stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-19


ENIC gained 1.53% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $4.58 to $4.65 During day the stock fluctuated 2.30% from a day low at $4.57 to a day high of $4.67. The price has fallen in 6 of the last 10 days and is down by -1.69% for this period. Volume fell in the last day by -355 720 shares, and in total, 307 069 shares bought and sold for approximately $1.43 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the ENIC stock price was $4.83 and low was $4.30.
  • 90 day high was $5.30 and low was $4.30.
  • 52 week high for the ENIC - $5.62 and low - $4.18.

Trend

ENIC lies the upper part of a wide and falling trend in the short term, and this will 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 $4.66 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 -14.93% during the next 3 months and, with 90% probability hold a price between $3.46 and $3.97 at the end of this period.

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Signals

ENIC holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $4.66. On a fall, the stock will find some support from the long-term average at approximately $4.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday June 18, 2019, which indicates further gains 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. 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.

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Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ENIC finds support from accumulated volume at $4.47.

Support: $4.47 Price: $4.65 Resistance: $5.17

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $4.41 (-5.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

1.88 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate Upgraded
Weaker Buy Today ENIC ranks #1306 as BUY CANDIDATE #1306 Stronger Buy

Will ENIC stock price go up or down on Thu, 20 Jun 2019?

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