Essendant Inc. Fund Forecast
Essendant Inc. fund price ended at $12.80 on Friday, after losing 0%.
(Updated on Feb 15, 2019)
No changes to the price of Essendant Inc. fund on the last trading day (Friday, 15th Feb 2019). During the last trading day the fund fluctuated 0% from a day low at $12.80 to a day high of $12.80. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fundis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $12.80 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Essendant Inc. fund with a 90% probability to be traded between $12.13 and $12.99 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ESND Signals & Forecast
The Essendant Inc. fund 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 $12.80 and $12.66. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, February 14, 2019, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The fund had a Golden Star Signal on Friday, November 23, 2018 in the short-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 fund in question.
Support, Risk & Stop-loss for Essendant Inc. fund
Essendant Inc. finds support from accumulated volume at $12.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $12.29 (-4.00%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ESND) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Essendant Inc. to open at $12.80, and during the day (based on 14 day Average True Range), to move between $12.75 and $12.85, which gives a possible trading interval of +/-$0.0516 (+/-0.40%) up or down from last closing price. If Essendant Inc. takes out the full calculated possible swing range there will be an estimated 0.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $12.65, some $0.150 (1.17%) from the current price of $12.80, our system finds the risk reward attractive.
Is Essendant Inc. fund A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Essendant Inc. fund to perform well in the short-term period.
Current score: 1.290 Buy Candidate Unchanged
Predicted Opening Price for Essendant Inc. of Tuesday, February 19, 2019
| Fair opening price February 19, 2019 | Current price |
|---|---|
| $12.80 ( 0.00000000%) | $12.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESND
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.80 | 0.00000000 % | |
| R2 | 12.80 | 0.00000000 % | ||
| R1 | 12.80 | 0.00000000 % | ||
| Current price: | 12.80 | |||
| Support | S1 | 12.80 | 0.00000000 % | |
| S2 | 12.80 | 0.00000000 % | ||
| S3 | 12.80 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 12.80 | |||
| Support | S1 | 12.65 | -1.17% | |
| S2 | 12.61 | -1.48% | ||
| S3 | 12.60 | -1.56% |
FAQ
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