Expeditors International of Washington Stock Forecast

Expeditors International of Washington stock price ended at $113.91 on Thursday, after gaining 1.71%.
(Updated on May 02, 2024)

EXPD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.34%. 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 Expeditors International of Washington 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 $116.99. On a fall, the stock will find some support from the short-term average at $112.90. 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 Expeditors International of Washington stock

Expeditors International of Washington finds support from accumulated volume at $113.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.16 (2.79%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.

Our recommended stop-loss: $107.67 (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (EXPD) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Expeditors International of Washington to open at $114.44, and during the day (based on 14 day Average True Range), to move between $111.75 and $116.07, which gives a possible trading interval of +/-$2.16 (+/-1.89%) up or down from last closing price. If Expeditors International of Washington takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $113.15 (0.67%) than the resistance at $115.57 (1.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Expeditors International of Washington stock A Buy?

Expeditors International of Washington holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.270 Hold/Accumulate Unchanged

Predicted Opening Price for Expeditors International of Washington of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.