Equus Total Return Inc Stock Forecast
Equus Total Return Inc stock upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
The Equus Total Return Inc stock price gained 0.680% on the last trading day (Thursday, 25th Apr 2024), rising from $1.47 to $1.48. During the last trading day the stock fluctuated 2.69% from a day low at $1.45 to a day high of $1.49. The price has been going up and down for this period, and there has been a 0.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 952 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $3.83 thousand.
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 -2.37% during the next 3 months and, with a 90% probability hold a price between $1.38 and $1.61 at the end of this 3-month period.
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EQS Signals & Forecast
The Equus Total Return Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.46 and $1.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 4.23%. Further rise is indicated until a new top pivot has been found. Equus Total Return Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Equus Total Return Inc stock
Equus Total Return Inc finds support from accumulated volume at $1.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0390 (2.69%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: $1.40 (-5.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (EQS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Equus Total Return Inc to open at $1.47, and during the day (based on 14 day Average True Range), to move between $1.42 and $1.54, which gives a possible trading interval of +/-$0.0595 (+/-4.02%) up or down from last closing price. If Equus Total Return Inc takes out the full calculated possible swing range there will be an estimated 8.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.47 (0.68%) than the resistance at $1.52 (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Equus Total Return Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.235 Buy Candidate Upgraded
Predicted Opening Price for Equus Total Return Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.47 ( 0.428%) | $1.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 2.21 % | |
| R2 | 1.50 | 1.20 % | ||
| R1 | 1.49 | 0.579 % | ||
| Current price: | 1.48 | |||
| Support | S1 | 1.46 | -1.43 % | |
| S2 | 1.45 | -2.06 % | ||
| S3 | 1.43 | -3.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.68 | 13.51 % | |
| R2 | 1.53 | 3.38 % | ||
| R1 | 1.52 | 2.70 % | ||
| Current price | 1.48 | |||
| Support | S1 | 1.47 | -0.676% | |
| S2 | 1.45 | -2.03% | ||
| S3 | 1.44 | -2.70% |
EQS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 21, 2009 | Aug 21, 2009 | Aug 21, 2009 | $0.158 | 4.80% |
| 2 | Mar 05, 2009 | Mar 05, 2009 | Mar 05, 2009 | $0.108 | 3.32% |
| 3 | Nov 13, 2008 | Nov 13, 2008 | Nov 13, 2008 | $0.158 | 2.93% |
| 4 | Aug 07, 2008 | Aug 21, 2008 | Sep 29, 2008 | $0.158 | 2.49% |
| 5 | May 09, 2008 | May 22, 2008 | Jun 30, 2008 | $0.158 | 2.25% |
FAQ
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