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$48.24 (0%)

Volume: 0

Closed: Nov 29, 2021

Hollow Logo Score: 0.000

Echo Global Logistics Stock Forecast

$48.24 (0%)

Volume: 0

Closed: Nov 29, 2021

Score Hollow Logo 0.000
Which way will ECHO go? Request
Stop-loss: $46.50 (-3.60%)
* 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 ] RSI14 is 70 and the stock is currently not being overbought or oversold

Echo Global Logistics stock price ended on $48.24 on Monday after losing 0%
(Updated on Nov 29, 2021)


Buy or Hold candidate since 2021-08-27 Gain 48.16%

No changes to the price of Echo Global Logistics stock on the last trading day (Monday, 29th Nov 2021). During the day the stock fluctuated 0% from a day low at $48.24 to a day high of $48.24. The price has been going up and down for this period, and there has been a 0.21% gain for the last 2 weeks.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 23.8% during the next 3 months and, with a 90% probability hold a price between $50.24 and $67.10 at the end of this 3-month period.

Signals & Forecast

The Echo Global Logistics stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.23 and $48.15. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, November 26, 2021, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss

Echo Global Logistics finds support from accumulated volume at $48.12 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 0.0124%

Our recommended stop-loss: $46.50 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 days ago.)

Is Echo Global Logistics stock A Buy?

Echo Global Logistics 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: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Echo Global Logistics of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$48.24 $48.24 (Undervalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Sep 29, 2021 "Stephens" gave "$48.00" rating for ECHO. The price target was set to $47.85+0.3%.

Volatility and Risk
Daily Average Volatility: 0.0124 %
Overall Risk: Very High High Medium Low Very Low
Volatility
0.0124 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $48.24
Support: $48.12

ECHO Insider Trading Show all Trades

INSIDER POWER

0.702

Last 100 transactions
Buy: 386 137 | Sell: 550 127 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Sell 14 740 Rogers Peter Restricted Stock Unit
Nov 23, 2021 Sell 14 740 Rogers Peter Restricted Stock Unit
Nov 23, 2021 Sell 21 239 Menzel David B Restricted Stock Unit
Nov 23, 2021 Sell 21 239 Menzel David B Restricted Stock Unit
Nov 23, 2021 Sell 45 865 Waggoner Douglas R Restricted Stock Unit
Show all Insider Trades
INSIDER POWER

0.702

Last 100 transactions
Buy: 386 137 | Sell: 550 127 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 48.24 .
48.24 .
48.24 .
Current price: 48.24
Support 48.24 .
48.24 .
48.24 .

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 48.24
Support 48.12 -0.25%
47.72 -1.08%
47.70 -1.12%

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About Echo Global Logistics

Echo Global Logistics Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. It uses a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs. The company offers services in various transportation modes, such as truckload, less-than truckload, small parcel, inter-modal, domestic air, and in... Read more

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