Enservco Corporation Stock Forecast
Enservco Corporation stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Enservco Corporation stock price fell by -0.92% on the last day (Thursday, 28th Mar 2024) from $0.195 to $0.193. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 6.23% from a day low at $0.193 to a day high of $0.205. The price has fallen in 6 of the last 10 days and is down by -1.07% for this period. 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 -343 thousand shares and in total, 133 thousand shares were bought and sold for approximately $25.81 thousand.
The stock lies in the middle of a very 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 -9.35% during the next 3 months and, with a 90% probability hold a price between $0.146 and $0.211 at the end of this 3-month period.
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ENSV Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enservco Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.207 and $0.205. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -17.70%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Enservco Corporation stock
Enservco Corporation finds support from accumulated volume at $0.187 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0120 between high and low, or 6.23%. For the last week the stock has had daily average volatility of 8.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENSV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Enservco Corporation to open at $0.197, and during the day (based on 14 day Average True Range), to move between $0.174 and $0.213, which gives a possible trading interval of +/-$0.0196 (+/-10.11%) up or down from last closing price. If Enservco Corporation takes out the full calculated possible swing range there will be an estimated 20.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.187 (3.41%) than the resistance at $0.209 (8.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enservco Corporation stock A Buy?
Enservco Corporation holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.138 Sell Candidate Upgraded
Predicted Opening Price for Enservco Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.197 ( 1.79%) | $0.193 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENSV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.209 | 8.00 % | |
R2 | 0.204 | 5.63 % | ||
R1 | 0.201 | 4.16 % | ||
Current price: | 0.193 | |||
Support | S1 | 0.192 | -0.578 % | |
S2 | 0.189 | -2.04 % | ||
S3 | 0.185 | -4.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.235 | 21.51 % | |
R2 | 0.223 | 15.15 % | ||
R1 | 0.209 | 8.07 % | ||
Current price | 0.193 | |||
Support | S1 | 0.187 | -3.41% | |
S2 | 0.186 | -4.08% | ||
S3 | 0.183 | -5.17% |
ENSV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 02, 2009 | Dec 03, 2009 | Nov 23, 2020 | $10.95 | 538.08% |
2 | Nov 08, 2006 | Nov 16, 2006 | Dec 06, 2006 | $0.750 | 1.45% |
FAQ
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