Energizer Holdings Inc Stock Forecast
Energizer Holdings Inc stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Energizer Holdings Inc stock price gained 0.387% on the last trading day (Friday, 26th Apr 2024), rising from $28.40 to $28.51. During the last trading day the stock fluctuated 1.62% from a day low at $28.35 to a day high of $28.81. The price has risen in 7 of the last 10 days and is up by 3.9% over the past 2 weeks. Volume fell on the last day by -108 thousand shares and in total, 260 thousand shares were bought and sold for approximately $7.42 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 middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.12% during the next 3 months and, with a 90% probability hold a price between $23.53 and $25.44 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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ENR Signals & Forecast
The Energizer Holdings Inc 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 $28.50 and $28.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Energizer Holdings Inc stock
Energizer Holdings Inc finds support from accumulated volume at $28.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.460 (1.62%) between high and low. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: $27.22 (-4.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (ENR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Energizer Holdings Inc to open at $28.56, and during the day (based on 14 day Average True Range), to move between $27.93 and $29.09, which gives a possible trading interval of +/-$0.576 (+/-2.02%) up or down from last closing price. If Energizer Holdings Inc takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.70 (0.67%) than the support at $28.14 (1.30%), 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 Energizer Holdings Inc stock A Buy?
Energizer Holdings Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.395 Hold/Accumulate Downgraded
Predicted Opening Price for Energizer Holdings Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $28.56 ( 0.164%) | $28.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.02 | 1.78 % | |
| R2 | 28.84 | 1.16 % | ||
| R1 | 28.73 | 0.780 % | ||
| Current price: | 28.51 | |||
| Support | S1 | 28.38 | -0.453 % | |
| S2 | 28.27 | -0.83 % | ||
| S3 | 28.10 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.04 | 12.38 % | |
| R2 | 28.73 | 0.772 % | ||
| R1 | 28.70 | 0.666 % | ||
| Current price | 28.51 | |||
| Support | S1 | 28.14 | -1.30% | |
| S2 | 27.99 | -1.82% | ||
| S3 | 27.96 | -1.93% |
ENR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 29, 2024 | Feb 20, 2024 | Mar 14, 2024 | $0.300 | 1.06% |
| 2 | Nov 06, 2023 | Nov 28, 2023 | Dec 14, 2023 | $0.300 | 0.93% |
| 3 | Jul 31, 2023 | Aug 22, 2023 | Sep 15, 2023 | $0.300 | 0.88% |
| 4 | Jul 31, 2023 | Aug 21, 2023 | Sep 15, 2023 | $0.300 | 0.88% |
| 5 | May 01, 2023 | May 19, 2023 | Jun 13, 2023 | $0.300 | 0.90% |
FAQ
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