Emerson Radio Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Emerson Radio Corp as stock downgraded to Sell Candidate.
(Updated on Apr 19, 2024)
The Emerson Radio Corp stock price fell by -3.93% on the last day (Friday, 19th Apr 2024) from $0.560 to $0.538. During the last trading day the stock fluctuated 4.38% from a day low at $0.536 to a day high of $0.560. The price has risen in 6 of the last 10 days and is up by 1.47% over the past 2 weeks. Volume has increased on the last day by 211 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately $2.88 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Emerson Radio Corp stock with a 90% probability to be traded between $0.500 and $0.552 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MSN Signals & Forecast
The Emerson Radio Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.541. On a fall, the stock will find some support from the long-term average at approximately $0.532. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, April 18, 2024, and so far it has fallen -3.93%. 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). Emerson Radio Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should fall by -6.21% to $0.505 within 13 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for Emerson Radio Corp stock
Emerson Radio Corp finds support from accumulated volume at $0.520 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 $0.0235 (4.38%) between high and low. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Emerson Radio Corp to open at $0.545, and during the day (based on 14 day Average True Range), to move between $0.522 and $0.554, which gives a possible trading interval of +/-$0.0160 (+/-2.98%) up or down from last closing price. If Emerson Radio Corp takes out the full calculated possible swing range there will be an estimated 5.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.550 (2.23%) than the support at $0.520 (3.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Emerson Radio Corp stock A Buy?
Emerson Radio Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.458 Sell Candidate Downgraded
Predicted Opening Price for Emerson Radio Corp of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.545 ( 1.21%) | $0.538 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.568 | 5.58 % | |
| R2 | 0.559 | 3.91 % | ||
| R1 | 0.553 | 2.88 % | ||
| Current price: | 0.538 | |||
| Support | S1 | 0.536 | -0.460 % | |
| S2 | 0.530 | -1.49 % | ||
| S3 | 0.521 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.560 | 4.09 % | |
| R2 | 0.555 | 3.23 % | ||
| R1 | 0.550 | 2.23 % | ||
| Current price | 0.538 | |||
| Support | S1 | 0.520 | -3.33% | |
| S2 | 0.520 | -3.35% | ||
| S3 | 0.516 | -4.09% |
MSN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 22, 2014 | Oct 01, 2014 | Sep 30, 2014 | $0.700 | 35.35% |
| 2 | Sep 10, 2014 | Sep 10, 2014 | Sep 30, 2014 | $0.700 | 35.35% |
| 3 | Mar 02, 2010 | Mar 25, 2010 | Mar 24, 2010 | $1.10 | 34.27% |
FAQ
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