Esperion Therapeutics Stock Forecast
Esperion Therapeutics stock price up 1.91% on Wednesday
(Updated on Apr 24, 2024)
The Esperion Therapeutics stock price gained 1.91% on the last trading day (Wednesday, 24th Apr 2024), rising from $2.09 to $2.13. During the last trading day the stock fluctuated 4.85% from a day low at $2.06 to a day high of $2.16. The price has fallen in 6 of the last 10 days and is down by -15.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 434 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $11.42 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.76% during the next 3 months and, with a 90% probability hold a price between $1.78 and $3.13 at the end of this 3-month period.
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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 15.76%. 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 $2.35. On a fall, the stock will find some support from the short-term average at $1.96. 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 $0.100 between high and low, or 4.85%. For the last week, the stock has had daily average volatility of 9.82%.
Esperion Therapeutics is oversold on RSI14 (24). 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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Esperion Therapeutics to open at $2.12, and during the day (based on 14 day Average True Range), to move between $1.88 and $2.38, which gives a possible trading interval of +/-$0.250 (+/-11.75%) up or down from last closing price. If Esperion Therapeutics takes out the full calculated possible swing range there will be an estimated 23.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.14 (0.47%) than the support at $2.07 (2.82%), 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 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: -2.321 Sell Candidate Unchanged
Predicted Opening Price for Esperion Therapeutics of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$2.12 ( 0.626%) | $2.13 |
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 | 2.22 | 4.07 % | |
R2 | 2.18 | 2.28 % | ||
R1 | 2.15 | 1.17 % | ||
Current price: | 2.13 | |||
Support | S1 | 2.08 | -2.42 % | |
S2 | 2.05 | -3.53 % | ||
S3 | 2.02 | -5.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.62 | 23.00 % | |
R2 | 2.58 | 21.13 % | ||
R1 | 2.14 | 0.469 % | ||
Current price | 2.13 | |||
Support | S1 | 2.07 | -2.82% | |
S2 | 2.05 | -3.76% | ||
S3 | 1.91 | -10.33% |
FAQ
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