EQTEC Stock Forecast
Green day on Wednesday for EQTEC stock after gaining 3.82%
(Updated on Apr 24, 2024)
The EQTEC stock price gained 3.82% on the last trading day (Wednesday, 24th Apr 2024), rising from $37.98 to $39.43. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.20% from a day low at $37.88 to a day high of $39.85. The price has been going up and down for this period, and there has been a 4.56% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $452.57 million.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $39.20, a level that may pose a second chance to hit a runner. According to fan-theory $44.10 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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EQT Signals & Forecast
The EQTEC stock 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 $37.21 and $36.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 9.41%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for EQTEC stock
On the downside, the stock finds support just below today's level from accumulated volume at $34.61 and $34.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EQTEC finds support just below today's level at $34.61. If this is broken, then the next support from accumulated volume will be at $34.52 and $33.43.
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 $1.97 (5.20%) between high and low. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: $38.00 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (EQT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect EQTEC plc to open at $39.05, and during the day (based on 14 day Average True Range), to move between $38.37 and $40.49, which gives a possible trading interval of +/-$1.06 (+/-2.69%) up or down from last closing price. If EQTEC plc takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.61, some $4.82 (12.22%) from the current price of $39.43, our system finds the risk reward attractive.
Is EQTEC plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for EQTEC stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 4.681 Buy Candidate Unchanged
Predicted Opening Price for EQTEC plc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $39.05 ( 0.95%) | $39.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EQT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.02 | 4.04 % | |
| R2 | 40.27 | 2.13 % | ||
| R1 | 39.81 | 0.95 % | ||
| Current price: | 39.43 | |||
| Support | S1 | 38.30 | -2.86 % | |
| S2 | 37.84 | -4.04 % | ||
| S3 | 37.08 | -5.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 39.43 | |||
| Support | S1 | 34.61 | -12.22% | |
| S2 | 34.52 | -12.45% | ||
| S3 | 33.43 | -15.22% |
EQT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | May 07, 2024 | Jun 01, 2024 | $0.158 | 0.399% |
| 2 | Feb 08, 2024 | Feb 16, 2024 | Mar 01, 2024 | $0.158 | 0.426% |
| 3 | Oct 12, 2023 | Nov 07, 2023 | Dec 01, 2023 | $0.158 | 0.391% |
| 4 | Jul 19, 2023 | Aug 09, 2023 | Sep 01, 2023 | $0.150 | 0.339% |
| 5 | Jul 19, 2023 | Aug 08, 2023 | Sep 01, 2023 | $0.150 | 0.339% |
FAQ
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