Emerson Radio Corp Stock Forecast
Emerson Radio Corp stock upgraded to Buy Candidate.
(Updated on Apr 25, 2024)
No changes to the price of Emerson Radio Corp stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0.0183% from a day low at $0.547 to a day high of $0.547. The price has risen in 5 of the last 10 days and is up by 2.98% over the past 2 weeks.
The stock is moving within a 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 $0.516 and $0.562 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 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 $0.546 and $0.536. A breakdown below any of these levels will issue sell signals. 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 -2.36%. 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 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.
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 -7.71% to $0.505 within 13 trading days since signal was issued (Friday, April 26, 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.
In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.0001 between high and low, or 0.0183%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: $0.522 (-4.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (MSN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Emerson Radio Corp to open at $0.547, and during the day (based on 14 day Average True Range), to move between $0.533 and $0.561, which gives a possible trading interval of +/-$0.0139 (+/-2.54%) up or down from last closing price. If Emerson Radio Corp takes out the full calculated possible swing range there will be an estimated 5.08% 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 (0.59%) than the support at $0.520 (4.88%), 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?
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 Emerson Radio Corp stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.728 Buy Candidate Upgraded
Predicted Opening Price for Emerson Radio Corp of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.547 ( 0.0061%) | $0.547 |
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 | 0.547 | 0.0244 % | |
| R2 | 0.547 | 0.0174 % | ||
| R1 | 0.547 | 0.0131 % | ||
| Current price: | 0.547 | |||
| Support | S1 | 0.547 | -0.0009 % | |
| S2 | 0.547 | -0.0052 % | ||
| S3 | 0.547 | -0.0122 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.560 | 2.41 % | |
| R2 | 0.555 | 1.57 % | ||
| R1 | 0.550 | 0.585 % | ||
| Current price | 0.547 | |||
| Support | S1 | 0.520 | -4.88% | |
| S2 | 0.520 | -4.90% | ||
| S3 | 0.516 | -5.63% |
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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