Esperion Therapeutics Stock Forecast
Big movements in Esperion Therapeutics stock price on Tuesday moving 10.12% between high and low
(Updated on Apr 23, 2024)
The Esperion Therapeutics stock price gained 9.42% on the last trading day (Tuesday, 23rd Apr 2024), rising from $1.91 to $2.09. During the last trading day the stock fluctuated 10.12% from a day low at $1.93 to a day high of $2.13. The price has fallen in 7 of the last 10 days and is down by -25.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 424 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $10.30 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.84 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Esperion Therapeutics stock with a 90% probability to be traded between $1.82 and $3.20 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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ESPR Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 13.59%. 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. The Esperion Therapeutics stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.36. On a fall, the stock will find some support from the short-term average at $1.93. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Esperion Therapeutics stock
Esperion Therapeutics finds support from accumulated volume at $2.07 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.195 between high and low, or 10.12%. For the last week, the stock has had daily average volatility of 10.51%.
Esperion Therapeutics is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ESPR) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Esperion Therapeutics to open at $2.05, and during the day (based on 14 day Average True Range), to move between $1.83 and $2.35, which gives a possible trading interval of +/-$0.262 (+/-12.52%) up or down from last closing price. If Esperion Therapeutics takes out the full calculated possible swing range there will be an estimated 25.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.07 (0.96%) than the resistance at $2.14 (2.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Esperion Therapeutics stock A Buy?
Esperion Therapeutics holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.590 Sell Candidate Unchanged
Predicted Opening Price for Esperion Therapeutics of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $2.05 ( 2.00%) | $2.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.24 | 7.35 % | |
| R2 | 2.17 | 3.78 % | ||
| R1 | 2.12 | 1.57 % | ||
| Current price: | 2.09 | |||
| Support | S1 | 1.97 | -5.57 % | |
| S2 | 1.93 | -7.77 % | ||
| S3 | 1.85 | -11.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.58 | 23.44 % | |
| R2 | 2.19 | 4.78 % | ||
| R1 | 2.14 | 2.39 % | ||
| Current price | 2.09 | |||
| Support | S1 | 2.07 | -0.96% | |
| S2 | 2.05 | -1.91% | ||
| S3 | 1.91 | -8.61% |
FAQ
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