EVC Entravision Communications
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I was asked my opinion on Entravision. You may have noticed I switched from Candlesticks to Line chart format for this one; I think in this instance it gives this particular Stock chart an easier read. The up front answer is--don't touch it for now; unless you are experienced with various spread strategies, in that case it may work for you. For now I can't see it being bullish or bearish. I think it's in limbo. I looked at this with a few different secondary indicators; I used the Exponential Moving Averages (EMA), Stochastics, and MACD Histograms--none of them showed me anything definitive so I left this chart with just horizontal lines. One possibility is this Stock is starting to roll or consolidate. If that is the case it is in the middle of its roll and shouldn't be touched until you can see its support and resistance. This is the only strategy I can currently think of, and the lines I drew were based off that strategy. EMA won't really help when it comes to a rolling Stock so if you are interested in this particular one I'd leave those off. Stochastics and MACD can be of assistance; but when I viewed them with the settings I was originally taught they both showed neutral.
If you are wondering if this is a good buy and hold, that's up to you. I don't see it being terribly bearish; but the downside to being neutral is it isn't incredibly bullish either. It's dividend dropped from $.31 in the second quarter of 2017 to $.05 in the third and fourth quarter of 2017. I haven't done research into why, you can do that on your own if you want. Historically, it's first quarter dividend announcement hasn't been released until late February or mid March so it probably wouldn't be a bad idea to wait and see if they will release a dividend, and if so how much, before making a decision (whether yay or nay) about buying Extravision to hold.
I was asked my opinion on Entravision. You may have noticed I switched from Candlesticks to Line chart format for this one; I think in this instance it gives this particular Stock chart an easier read. The up front answer is--don't touch it for now; unless you are experienced with various spread strategies, in that case it may work for you. For now I can't see it being bullish or bearish. I think it's in limbo. I looked at this with a few different secondary indicators; I used the Exponential Moving Averages (EMA), Stochastics, and MACD Histograms--none of them showed me anything definitive so I left this chart with just horizontal lines. One possibility is this Stock is starting to roll or consolidate. If that is the case it is in the middle of its roll and shouldn't be touched until you can see its support and resistance. This is the only strategy I can currently think of, and the lines I drew were based off that strategy. EMA won't really help when it comes to a rolling Stock so if you are interested in this particular one I'd leave those off. Stochastics and MACD can be of assistance; but when I viewed them with the settings I was originally taught they both showed neutral.
If you are wondering if this is a good buy and hold, that's up to you. I don't see it being terribly bearish; but the downside to being neutral is it isn't incredibly bullish either. It's dividend dropped from $.31 in the second quarter of 2017 to $.05 in the third and fourth quarter of 2017. I haven't done research into why, you can do that on your own if you want. Historically, it's first quarter dividend announcement hasn't been released until late February or mid March so it probably wouldn't be a bad idea to wait and see if they will release a dividend, and if so how much, before making a decision (whether yay or nay) about buying Extravision to hold.
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