ePlus inc. Stock Forecast
ePlus inc. stock price down 0.199% on Thursday
(Updated on Apr 18, 2024)
The ePlus inc. stock price fell by -0.199% on the last day (Thursday, 18th Apr 2024) from $75.43 to $75.28. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.49% from a day low at $75.10 to a day high of $76.22. The price has fallen in 6 of the last 10 days and is down by -1.08% for this period. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 180 thousand shares were bought and sold for approximately $13.55 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ePlus inc. stock with a 90% probability to be traded between $68.65 and $83.43 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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PLUS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The ePlus inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $76.42 and $78.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -9.16%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ePlus inc. stock
ePlus inc. finds support from accumulated volume at $74.07 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.12 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PLUS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect ePlus inc. to open at $75.53, and during the day (based on 14 day Average True Range), to move between $73.35 and $77.21, which gives a possible trading interval of +/-$1.93 (+/-2.57%) up or down from last closing price. If ePlus inc. takes out the full calculated possible swing range there will be an estimated 5.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $74.07 (1.61%) than the resistance at $76.93 (2.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ePlus inc. stock A Buy?
ePlus inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.034 Sell Candidate Unchanged
Predicted Opening Price for ePlus inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $75.53 ( 0.332%) | $75.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PLUS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.65 | 1.82 % | |
| R2 | 76.22 | 1.25 % | ||
| R1 | 75.96 | 0.90 % | ||
| Current price: | 75.28 | |||
| Support | S1 | 75.10 | -0.236 % | |
| S2 | 74.84 | -0.587 % | ||
| S3 | 74.41 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.72 | 5.90 % | |
| R2 | 77.93 | 3.52 % | ||
| R1 | 76.93 | 2.19 % | ||
| Current price | 75.28 | |||
| Support | S1 | 74.07 | -1.61% | |
| S2 | 73.96 | -1.75% | ||
| S3 | 68.07 | -9.58% |
PLUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 04, 2012 | Dec 13, 2012 | Dec 26, 2012 | $0.625 | 6.19% |
FAQ
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