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Weaker Stock
Today EBIX ranks #12954 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$31.63 (-10.39%)

Volume: 226k

Closed: Nov 26, 2021

Hollow Logo Score: -5.675

Ebix Stock Forecast

$31.63 (-10.39%)

Volume: 226k

Closed: Nov 26, 2021

Score Hollow Logo -5.675
Which way will EBIX go? Request
Key Stats
P/E Ratio 13.54
Beta 1.43
Trailing Dividend Rate 0.95% ($0.30)
Next Dividend Date Nov 30, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Ebix stock currently holds an RSI14 at 18 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Is Ebix stock still a buy after falling -10.39% on Friday ?
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Ebix stock price fell by -10.39% on the last day (Friday, 26th Nov 2021) from $35.29 to $31.63. During the day the stock fluctuated 8.70% from a day low at $31.27 to a day high of $33.99. The price has been going up and down for this period, and there has been a -13.33% loss for the last 2 weeks. Volume has increased on the last day by 80 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, 226 thousand shares were bought and sold for approximately $7.14 million.

Given the current short-term trend, the stock is expected to rise 34.18% during the next 3 months and, with a 90% probability hold a price between $42.43 and $55.23 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Ebix stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $34.69 and $33.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -18.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $28.16 and $27.81. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ebix finds support just below today's level at $28.16. If this is broken, then the next support from accumulated volume will be at $27.81 and $27.76.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.72 between high and low, or 8.70%. For the last week, the stock has had a daily average volatility of 5.24%.

Ebix is oversold on RSI14 (18). 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 an negative evaluation for this stock. No stop-loss is set.

Is Ebix stock A Buy?

The Ebix stock holds several negative signals and despite the positive trend, we believe Ebix will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.

Current score: -5.675

Predicted Opening Price for Ebix of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$32.30 $31.63 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Aug 10, 2020 "BMO Capital Markets" gave "Market Perform" rating for EBIX. The price target was changed from $34.00 to $33.00.

Volatility and Risk
Daily Average Volatility: 5.24 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.24 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $35.05
Price: $31.63
Support: $28.16

EBIX Insider Trading Show all Trades

INSIDER POWER

1.028

Last 100 transactions
Buy: 742 725 | Sell: 722 691 (Shares)
Date Action Amount Person Type
Jul 13, 2021 Sell 973 Hamil Steven M Common Stock
May 19, 2021 Buy 5 527 Hamil Steven M Common Stock
Apr 13, 2021 Sell 3 986 Hamil Steven M Common Stock
Jan 27, 2021 Sell 672 Senge James Scott Sr Common Stock
Dec 31, 2020 Sell 19 688 Raina Robin Common Stock
Show all Insider Trades
INSIDER POWER

1.028

Last 100 transactions
Buy: 742 725 | Sell: 722 691 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 35.02 10.72 %
33.98 7.43 %
33.33 5.40 %
Current price: 31.63
Support 31.26 -1.17 %
30.61 -3.20 %
29.58 -6.48 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 38.16 20.66 %
35.32 11.68 %
35.05 10.83 %
Current price 31.63
Support 28.16 -10.96%
27.81 -12.06%
27.76 -12.22%

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About Ebix

Ebix Ebix, Inc. provides on-demand software and e-commerce solutions for the insurance industry. The company operates data exchanges, which connect various entities within the insurance markets and enables the participant to carry and process data from one end to another in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, and property and casualty (P&C) insurance. It also focuses in the area of b... Read more

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