Enersys Stock Forecast
Evaluation of Enersys stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Enersys stock price fell by -0.790% on the last day (Wednesday, 24th Apr 2024) from $91.10 to $90.38. During the last trading day the stock fluctuated 1.70% from a day low at $90.30 to a day high of $91.84. The price has fallen in 6 of the last 10 days and is down by -0.37% for this period. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 228 thousand shares were bought and sold for approximately $20.65 million.
The stock lies in the middle of a wide and 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 -4.69% during the next 3 months and, with a 90% probability hold a price between $80.35 and $88.76 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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ENS Signals & Forecast
There are few to no technical positive signals at the moment. The Enersys stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $91.53. On a fall, the stock will find some support from the short-term average at $90.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.32%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Enersys stock
Enersys finds support from accumulated volume at $89.94 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 $1.54 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Enersys to open at $90.84, and during the day (based on 14 day Average True Range), to move between $88.74 and $92.02, which gives a possible trading interval of +/-$1.64 (+/-1.82%) up or down from last closing price. If Enersys takes out the full calculated possible swing range there will be an estimated 3.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $90.39 (0.01%) than the support at $89.94 (0.49%), 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 Enersys stock A Buy?
Enersys 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.065 Strong Sell Candidate Downgraded
Predicted Opening Price for Enersys of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $90.84 ( 0.507%) | $90.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 92.37 | 2.21 % | |
| R2 | 91.79 | 1.56 % | ||
| R1 | 91.42 | 1.16 % | ||
| Current price: | 90.38 | |||
| Support | S1 | 90.25 | -0.142 % | |
| S2 | 89.89 | -0.542 % | ||
| S3 | 89.30 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.84 | 1.62 % | |
| R2 | 90.87 | 0.542 % | ||
| R1 | 90.39 | 0.0111 % | ||
| Current price | 90.38 | |||
| Support | S1 | 89.94 | -0.487% | |
| S2 | 89.90 | -0.531% | ||
| S3 | 89.42 | -1.06% |
ENS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.225 | 0.238% |
| 2 | Nov 08, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.225 | 0.223% |
| 3 | Aug 09, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.230 | 0.243% |
| 4 | May 24, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.175 | 0.161% |
| 5 | Feb 08, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.175 | 0.201% |
FAQ
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