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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ERF
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Green day on Monday for Enerplus Corporation
(Updated on Mar 18, 2024)

Buy or Hold candidate since Feb 09, 2024 Gain 19.81% PDF

The Enerplus Corporation stock price gained 1.86% on the last trading day (Monday, 18th Mar 2024), rising from $18.29 to $18.63. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.41% from a day low at $18.25 to a day high of $18.69. The price has risen in 7 of the last 10 days and is up by 5.61% over the past 2 weeks. Volume fell on the last day by -149 thousand shares and in total, 2 million shares were bought and sold for approximately $28.77 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.76% during the next 3 months and, with a 90% probability hold a price between $19.45 and $24.25 at the end of this 3-month period.

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ERF Signals & Forecast

The Enerplus Corporation 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 $18.12 and $16.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 02, 2024, and so far it has risen 36.38%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Enerplus Corporation stock

Enerplus Corporation finds support from accumulated volume at $17.91 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 $0.440 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 1.55%.

Since the Enerplus Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $18.07 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (ERF) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Enerplus Corporation to open at $18.52, and during the day (based on 14 day Average True Range), to move between $18.24 and $19.02, which gives a possible trading interval of +/-$0.391 (+/-2.10%) up or down from last closing price. If Enerplus Corporation takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $17.91, some $0.720 (3.86%) from the current price of $18.63, our system finds the risk reward attractive.

Is Enerplus Corporation stock A Buy?

Enerplus Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.457 Strong Buy Candidate Unchanged

Predicted Opening Price for Enerplus Corporation of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$18.52 ( 0.573%) $18.63

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

Trading levels for ERF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 18.96 1.79 %
R2 18.80 0.89 %
R1 18.69 0.330 %
Current price: 18.63
Support S1 18.36 -1.47 %
S2 18.25 -2.03 %
S3 18.08 -2.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 18.63
Support S1 17.91 -3.86%
S2 17.59 -5.58%
S3 15.50 -16.80%

ERF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 01, 2024 Mar 15, 2024 $0.0651 0.356%
2 Nov 02, 2023 Nov 29, 2023 Dec 15, 2023 $0.0600 0.406%
3 Aug 09, 2023 Aug 30, 2023 Sep 15, 2023 $0.0600 0.342%
4 May 04, 2023 May 30, 2023 Jun 15, 2023 $0.0550 0.381%
5 Feb 23, 2023 Mar 03, 2023 Mar 15, 2023 $0.0550 0.416%

FAQ

What is the symbol for Enerplus Corporation Stock and on which exchange is it traded?
The symbol for Enerplus Corporation is ERF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Enerplus Corporation Stock?
Enerplus Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Enerplus Corporation Stock?
Enerplus Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Enerplus Corporation Stock.

What's the current price of Enerplus Corporation Stock?
As of the end of day on the 2024-03-18, the price of an Enerplus Corporation (ERF) share was $18.63.

What is the 52-week high and low for Enerplus Corporation Stock?
The 52-week high for Enerplus Corporation Stock is $19.02 and the 52-week low is $13.11.

What is the market capitalization of Enerplus Corporation Stock?
As of the 2024-03-18, the market capitalization of Enerplus Corporation is 3.787B.

When is the next earnings date for Enerplus Corporation?
The upcoming earnings date for Enerplus Corporation is May 02, 2024.
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About Enerplus Corporation

Enerplus Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan. As of December 31, 2021, it had proved plus probable gross reserves of approximately 8.2 million barrels (MMbbls) of light and medium ... ERF Profile

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