Enzon Pharmaceuticals Stock Forecast
Weaker technical forecast for Enzon Pharmaceuticals as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
No changes to the price of Enzon Pharmaceuticals stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0945 to a day high of $0.0945. The price has risen in 5 of the last 10 days and is up by 14.13% over the past 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0941, a level that may pose a second chance to hit a runner. According to fan-theory $0.131 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ENZN Signals & Forecast
The Enzon Pharmaceuticals 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 $0.0808 and $0.0801. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Enzon Pharmaceuticals stock
Enzon Pharmaceuticals finds support from accumulated volume at $0.0936 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 14.74%
Our recommended stop-loss: $0.0910 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ENZN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Enzon Pharmaceuticals to open at $0.0945, and during the day (based on 14 day Average True Range), to move between $0.0829 and $0.106, which gives a possible trading interval of +/-$0.0116 (+/-12.25%) up or down from last closing price. If Enzon Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 24.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0936 (1.01%) than the resistance at $0.0963 (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Enzon Pharmaceuticals stock A Buy?
Enzon Pharmaceuticals 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: -0.135 Hold/Accumulate Downgraded
Predicted Opening Price for Enzon Pharmaceuticals of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$0.0945 ( 0.00000000%) | $0.0945 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENZN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.0945 | 0.00000000 % | |
R2 | 0.0945 | 0.00000000 % | ||
R1 | 0.0945 | 0.00000000 % | ||
Current price: | 0.0945 | |||
Support | S1 | 0.0945 | 0.00000000 % | |
S2 | 0.0945 | 0.00000000 % | ||
S3 | 0.0945 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.115 | 21.69 % | |
R2 | 0.101 | 7.20 % | ||
R1 | 0.0963 | 1.85 % | ||
Current price | 0.0945 | |||
Support | S1 | 0.0936 | -1.01% | |
S2 | 0.0828 | -12.38% | ||
S3 | 0.0800 | -15.34% |
ENZN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 30, 2019 | Sep 30, 2019 | Oct 15, 2019 | $0.120 | 52.17% |
2 | Feb 20, 2019 | Feb 20, 2019 | Feb 20, 2019 | $0.0600 | 26.09% |
3 | Sep 29, 2017 | Sep 29, 2017 | Sep 29, 2017 | $0.150 | 62.51% |
4 | Dec 13, 2016 | Dec 13, 2016 | Dec 13, 2016 | $0.150 | 44.72% |
5 | Dec 30, 2015 | Dec 30, 2015 | Dec 30, 2015 | $0.250 | 36.23% |
FAQ
Click here for our free guide on how to buy Enzon Pharmaceuticals Stock.