Escalade Stock Forecast
Escalade stock downgraded to Hold/Accumulate
(Updated on Apr 17, 2024)
The Escalade stock price fell by -4.09% on the last day (Wednesday, 17th Apr 2024) from $14.67 to $14.07. During the last trading day the stock fluctuated 6.69% from a day low at $13.75 to a day high of $14.67. The price has been going up and down for this period, and there has been a 9.75% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -42 thousand shares and in total, 19 thousand shares were bought and sold for approximately $273.96 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $14.58 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.52% during the next 3 months and, with a 90% probability hold a price between $7.32 and $10.42 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
ESCA Signals & Forecast
The Escalade 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 $13.46 and $13.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 11.84%. Further rise is indicated until a new top pivot has been found. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Escalade stock
Escalade finds support from accumulated volume at $13.51 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.92 between high and low, or 6.69%. For the last week the stock has had daily average volatility of 7.67%.
Our recommended stop-loss: $13.41 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (ESCA) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Escalade to open at $14.16, and during the day (based on 14 day Average True Range), to move between $13.30 and $14.84, which gives a possible trading interval of +/-$0.769 (+/-5.46%) up or down from last closing price. If Escalade takes out the full calculated possible swing range there will be an estimated 10.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.51 (3.98%) than the resistance at $14.67 (4.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Escalade stock A Buy?
Escalade 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: 0.843 Hold/Accumulate Downgraded
Predicted Opening Price for Escalade of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
$14.16 ( 0.663%) | $14.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESCA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.08 | 7.20 % | |
R2 | 14.73 | 4.70 % | ||
R1 | 14.51 | 3.16 % | ||
Current price: | 14.07 | |||
Support | S1 | 13.81 | -1.83 % | |
S2 | 13.59 | -3.38 % | ||
S3 | 13.24 | -5.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.18 | 22.10 % | |
R2 | 14.77 | 4.98 % | ||
R1 | 14.67 | 4.26 % | ||
Current price | 14.07 | |||
Support | S1 | 13.51 | -3.98% | |
S2 | 13.43 | -4.55% | ||
S3 | 13.20 | -6.18% |
ESCA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 29, 2024 | Apr 12, 2024 | Apr 22, 2024 | $0.150 | 1.07% |
2 | Oct 26, 2023 | Jan 04, 2024 | Jan 12, 2024 | $0.150 | 0.80% |
3 | Jul 26, 2023 | Aug 28, 2023 | Sep 05, 2023 | $0.150 | 1.02% |
4 | May 04, 2023 | Jun 09, 2023 | Jun 19, 2023 | $0.150 | 1.12% |
5 | Feb 21, 2023 | Mar 10, 2023 | Mar 20, 2023 | $0.150 | 1.15% |
FAQ
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