Entegris Stock Forecast
Entegris stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The Entegris stock price fell by -2.03% on the last day (Wednesday, 8th May 2024) from $132.70 to $130.01. During the last trading day the stock fluctuated 2.64% from a day low at $128.39 to a day high of $131.78. The price has risen in 6 of the last 10 days and is up by 1.7% over the past 2 weeks. Volume has increased on the last day by 327 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, 1 million shares were bought and sold for approximately $182.53 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 -3.02% during the next 3 months and, with a 90% probability hold a price between $117.60 and $137.96 at the end of this 3-month period.
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ENTG 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 Entegris stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $130.18 and $133.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -4.45%. Further fall is indicated until a new bottom pivot has been found. 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 Entegris stock
Entegris finds support from accumulated volume at $124.09 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.40 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENTG) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Entegris to open at $130.06, and during the day (based on 14 day Average True Range), to move between $125.14 and $134.88, which gives a possible trading interval of +/-$4.87 (+/-3.74%) up or down from last closing price. If Entegris takes out the full calculated possible swing range there will be an estimated 7.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $131.17 (0.89%) than the support at $124.09 (4.55%), 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 Entegris stock A Buy?
Entegris 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 Hold/Accumulate to a Sell candidate.
Current score: -2.524 Sell Candidate Downgraded
Predicted Opening Price for Entegris of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $130.06 ( 0.0372%) | $130.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.45 | 2.65 % | |
| R2 | 132.16 | 1.65 % | ||
| R1 | 131.36 | 1.03 % | ||
| Current price: | 130.01 | |||
| Support | S1 | 128.76 | -0.96 % | |
| S2 | 127.96 | -1.58 % | ||
| S3 | 126.66 | -2.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.37 | 11.81 % | |
| R2 | 135.52 | 4.24 % | ||
| R1 | 131.17 | 0.89 % | ||
| Current price | 130.01 | |||
| Support | S1 | 124.09 | -4.55% | |
| S2 | 123.31 | -5.15% | ||
| S3 | 122.20 | -6.01% |
ENTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 30, 2024 | May 22, 2024 | $0.100 | 0.0770% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 21, 2024 | $0.100 | 0.0744% |
| 3 | Oct 31, 2023 | Oct 31, 2023 | Nov 22, 2023 | $0.100 | 0.0969% |
| 4 | Jul 19, 2023 | Aug 01, 2023 | Aug 23, 2023 | $0.100 | 0.101% |
| 5 | Apr 19, 2023 | May 02, 2023 | May 24, 2023 | $0.100 | 0.106% |
FAQ
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