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$26.77 (-1.44%)

Volume: 58k

Closed: Dec 03, 2021

Hollow Logo Score: -1.644

DXP Enterprises Stock Forecast

$26.77 (-1.44%)

Volume: 58k

Closed: Dec 03, 2021

Score Hollow Logo -1.644
Which way will DXPE go? Request
Key Stats
P/E Ratio -17.31
Beta 1.51
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 10 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Friday for DXP Enterprises stock after losing 1.44%
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The DXP Enterprises stock price fell by -1.44% on the last day (Friday, 3rd Dec 2021) from $27.16 to $26.77. During the day the stock fluctuated 5.15% from a day low at $26.21 to a day high of $27.56. The price has fallen in 9 of the last 10 days and is down by -19.2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 58 thousand shares were bought and sold for approximately $1.55 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $26.33 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.47% during the next 3 months and, with a 90% probability hold a price between $29.35 and $41.17 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.14%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DXP Enterprises 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 $28.01 and $32.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

DXP Enterprises finds support from accumulated volume at $26.21 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.35 between high and low, or 5.15%. For the last week, the stock has had a daily average volatility of 6.21%.

DXP Enterprises is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is DXP Enterprises stock A Buy?

The DXP Enterprises stock holds several negative signals and despite the positive trend, we believe DXP Enterprises will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.644

Predicted Opening Price for DXP Enterprises of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$26.85 $26.77 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

Sidoti is very positive about DXPE and gave it a "Neutral - Buy" rating on May 15, 2020. The price target was set to $18.00.

Volatility and Risk
Daily Average Volatility: 6.21 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.21 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $27.67
Price: $26.77
Support: $26.21

DXPE Insider Trading Show all Trades

INSIDER POWER

1.415

Last 100 transactions
Buy: 393 766 | Sell: 278 185 (Shares)
Date Action Amount Person Type
Jul 01, 2021 Buy 2 206 Mannes Joseph R DXP Common Stock
Jul 01, 2021 Buy 2 206 Patton David DXP Common Stock Award
Jul 01, 2021 Buy 2 206 Halter Timothy P DXP Common Stock
Jun 25, 2021 Buy 1 000 Mannes Joseph R DXP Common Stock
Jun 24, 2021 Sell 338 Gregory Christopher T DXP Common Stock
Show all Insider Trades
INSIDER POWER

1.415

Last 100 transactions
Buy: 393 766 | Sell: 278 185 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 28.20 5.33 %
27.68 3.40 %
27.36 2.21 %
Current price: 26.77
Support 26.33 -1.64 %
26.01 -2.83 %
25.50 -4.76 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 31.37 17.18 %
28.97 8.22 %
27.67 3.36 %
Current price 26.77
Support 26.21 -2.09%
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About DXP Enterprises

DXP Enterprises DXP Enterprises, Inc. engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to industrial customers in the United States. It operates through three segments: Service Centers, Supply Chain Services, and Innovative Pumping Solutions. The Service Centers segment offers MRO products, equipment, and integrated services, including technical expertise and logistics services. It offers rotating equipment, bear... Read more

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