Esterline Technologies Corp Stock Forecast

Volatile ride for Esterline Technologies Corp stock price on Wednesday moving between £0.0700 and £0.0800
(Updated on Sep 02, 2020)

ESL.L Signals & Forecast

There are few to no technical positive signals at the moment. The Esterline Technologies Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £0.0800 and £0.369. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Esterline Technologies Corp stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 £0.0100 between high and low, or 14.29%. For the last week the stock has had daily average volatility of 11.43%

Our recommended stop-loss: £0 (-5.00%) (Unable to calculate.)

Trading Expectations (ESL.L) For The Upcoming Trading Day Of Thursday 3rd

With no support below and resistance from accumulated volume @ £0.0800, some £0.0100 (14.29%) from the current price of £0.0700, our system finds the risk reward not very attractive.

Is Esterline Technologies Corp stock A Buy?

Esterline Technologies Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Esterline Technologies Corp of Thursday, September 3, 2020

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