Electro-Sensors, Inc. (ELSE)’s Bearish Multiple Bottom Pattern Points to Higher Stock Risks

Electro-Sensors, Inc. (NASDAQ:ELSE) Logo

Investors sentiment decreased to 2 in 2019 Q1. Its down Infinity, from Infinity in 2018Q4. It turned negative, as 0 investors sold Electro-Sensors, Inc. shares while 1 reduced holdings. 1 funds opened positions while 1 raised stakes. 124,979 shares or 48.19% less from 241,212 shares in 2018Q4 were reported.
Blackrock stated it has 222 shares. Wells Fargo And Mn reported 1 shares. Royal State Bank Of Canada has 0% invested in Electro-Sensors, Inc. (NASDAQ:ELSE). Renaissance Ltd Liability Corporation stated it has 91,600 shares or 0% of all its holdings. Bank Of America De holds 0% or 290 shares. Stonebridge Capital Limited Liability Company accumulated 27,618 shares. Tower Cap Ltd Liability (Trc) holds 0% of its portfolio in Electro-Sensors, Inc. (NASDAQ:ELSE) for 748 shares. 2,000 were reported by Captrust Finance Advisors.

Since May 15, 2019, it had 1 buy, and 0 selling transactions for $17,873 activity.

The stock of Electro-Sensors, Inc. (ELSE) shows a multiple bottoms pattern with $3.47 target or 8.00 % below today’s $3.77 share price. The 8 months chart pattern indicates high risk for the $12.80 million company. It was reported on Aug, 16 by Finviz.com. If the $3.47 price target is reached, the company will be worth $1.02 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.53% or $0.02 during the last trading session, reaching $3.77. About 28,973 shares traded or 766.16% up from the average. Electro-Sensors, Inc. (NASDAQ:ELSE) has declined 17.60% since August 16, 2018 and is downtrending. It has underperformed by 17.60% the S&P500.

More notable recent Electro-Sensors, Inc. (NASDAQ:ELSE) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Heritage Financial Corp, Reinsurance Group of America and Silicon Motion Technology Corp – Nasdaq” on August 05, 2019, also Nasdaq.com with their article: “Ex-Dividend Reminder: German American Bancorp, Wells Fargo & Co and Boston Private Financial Holdings – Nasdaq” published on August 06, 2019, Nasdaq.com published: “Advanced Asset Allocation: Should I Treat a Pension Like a Bond? – Nasdaq” on August 12, 2019. More interesting news about Electro-Sensors, Inc. (NASDAQ:ELSE) were released by: Nasdaq.com and their article: “Stocks Rise on Hopes of a Second Rate Cut – Nasdaq” published on August 01, 2019 as well as Nasdaq.com‘s news article titled: “Why Marijuana Stock Innovative Industrial (IIPR) Fell 15% in July – Nasdaq” with publication date: August 09, 2019.

Electro-Sensors, Inc. manufactures and sells industrial production monitoring and process control systems. The company has market cap of $12.80 million. It makes and sells various monitoring systems that measure machine production and operation rates, as well as systems that regulate the speed of related machines in production processes. It has a 43.33 P/E ratio. The company's speed monitoring systems include a line of products that measure production counts or rates, such as parts, gallons, or board feet; and alarm systems, tachometers, and other devices that translate impulses from the sensors.

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