Eclipse Resources Corp Stock Forecast
Red day on Wednesday for Eclipse Resources Corp stock after losing 1.69%
(Updated on Mar 27, 2024)
The Eclipse Resources Corp stock price fell by -1.69% on the last day (Wednesday, 27th Mar 2024) from £0.295 to £0.290. During the last trading day the stock fluctuated 3.03% from a day low at £0.290 to a day high of £0.299. The price has fallen in 5 of the last 10 days and is down by -32.56% for this period. 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 -9 million shares and in total, 9 million shares were bought and sold for approximately £2.48 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £0.277 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 25.69% during the next 3 months and, with a 90% probability hold a price between £0.348 and £0.559 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ECR.L Signals & Forecast
There are few to no technical positive signals at the moment. The Eclipse Resources 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 £0.302 and £0.307. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -32.56%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Eclipse Resources Corp stock
Eclipse Resources Corp finds support from accumulated volume at £0.280 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.0088 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 6.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECR.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Eclipse Resources Corp to open at £0.293, and during the day (based on 14 day Average True Range), to move between £0.259 and £0.321, which gives a possible trading interval of +/-£0.0307 (+/-10.60%) up or down from last closing price. If Eclipse Resources Corp takes out the full calculated possible swing range there will be an estimated 21.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.280 (3.45%) than the resistance at £0.310 (6.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eclipse Resources Corp stock A Buy?
The Eclipse Resources Corp stock holds several negative signals and despite the positive trend, we believe Eclipse Resources Corp will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.691 Sell Candidate Unchanged
Predicted Opening Price for Eclipse Resources Corp of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£0.293 ( 1.01%) | £0.290 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECR.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.302 | 4.05 % | |
R2 | 0.298 | 2.89 % | ||
R1 | 0.296 | 2.17 % | ||
Current price: | 0.290 | |||
Support | S1 | 0.290 | -0.148 % | |
S2 | 0.287 | -0.86 % | ||
S3 | 0.284 | -2.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.335 | 15.52 % | |
R2 | 0.320 | 10.34 % | ||
R1 | 0.310 | 6.90 % | ||
Current price | 0.290 | |||
Support | S1 | 0.280 | -3.45% | |
S2 | 0.275 | -5.17% | ||
S3 | 0.230 | -20.55% |
FAQ
Click here for our free guide on how to buy Eclipse Resources Corp Stock.