Enterprise Products Partners Stock Forecast

Enterprise Products Partners stock price down 0.0705% on Tuesday
(Updated on May 07, 2024)

EPD Signals & Forecast

There are mixed signals in the stock today. The Enterprise Products Partners 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 $28.89. On a fall, the stock will find some support from the short-term average at $28.18. 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. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.20%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Tuesday, June 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Enterprise Products Partners stock

Enterprise Products Partners finds support from accumulated volume at $28.08 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 $0.330 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EPD) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Enterprise Products Partners LP to open at $28.43, and during the day (based on 14 day Average True Range), to move between $27.93 and $28.77, which gives a possible trading interval of +/-$0.421 (+/-1.48%) up or down from last closing price. If Enterprise Products Partners LP takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.08 (0.95%) than the resistance at $28.77 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Enterprise Products Partners LP stock A Buy?

Enterprise Products Partners holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.086 Sell Candidate Unchanged

Predicted Opening Price for Enterprise Products Partners LP of Wednesday, May 8, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.