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Encore Capital Group Inc Stock Forecast NASDAQ:ECPG

$58.74 (-0.61%)

Volume: 583k

Closed: Dec 03, 2021

Hollow Logo Score: 3.523

Encore Capital Group Inc Stock Forecast

$58.74 (-0.61%)

Volume: 583k

Closed: Dec 03, 2021

Score Hollow Logo 3.523
Which way will ECPG go? Request
Stop-loss: $56.31 (-4.14%)
Key Stats
P/E Ratio 5.51
Beta 0.68
* 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 47 and the stock is currently not being overbought or oversold

Encore Capital Group Inc stock price down 0.61% on Friday
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-09-17 Gain 22.81%

The Encore Capital Group Inc stock price fell by -0.61% on the last day (Friday, 3rd Dec 2021) from $59.10 to $58.74. During the day the stock fluctuated 4.28% from a day low at $57.91 to a day high of $60.39. The price has been going up and down for this period, and there has been a -1.08% loss for the last 2 weeks. 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 -556 thousand shares and in total, 583 thousand shares were bought and sold for approximately $34.26 million.

The stock lies in the lower part of a 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 $58.28 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 29.32% during the next 3 months and, with a 90% probability hold a price between $75.37 and $83.06 at the end of this 3-month period.

Signals & Forecast

The Encore Capital Group Inc stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $58.86. On a fall, the stock will find some support from the long-term average at approximately $56.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, November 08, 2021, and so far it has fallen -2.10%. 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 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

Encore Capital Group Inc finds support from accumulated volume at $58.34 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 $2.48 between high and low, or 4.28%. For the last week the stock has had a daily average volatility of 2.38%.

Our recommended stop-loss: $56.31 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Is Encore Capital Group Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Encore Capital Group Inc stock to perform well in the short-term.

Current score: 3.523

Predicted Opening Price for Encore Capital Group Inc 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
$59.01 $58.74 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 04, 2021 "JMP Securities" gave "$54.00 - $71.00" rating for ECPG. The price target was set to $58.85+8.9%.

Volatility and Risk
Daily Average Volatility: 2.38 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.38 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $58.85
Price: $58.74
Support: $58.34

ECPG Insider Trading Show all Trades

INSIDER POWER

0.266

Last 100 transactions
Buy: 468 083 | Sell: 1 756 673 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Buy 180 Srednicki Richard J Common Stock
Dec 01, 2021 Buy 424 Gupta Ashwini Common Stock
Sep 01, 2021 Buy 519 Gupta Ashwini Common Stock
Sep 01, 2021 Buy 220 Srednicki Richard J Common Stock
Jul 24, 2021 Sell 4 765 Buick Craig A. Common Stock
Show all Insider Trades
INSIDER POWER

0.266

Last 100 transactions
Buy: 468 083 | Sell: 1 756 673 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 61.49 4.69 %
60.55 3.07 %
59.96 2.08 %
Current price: 58.74
Support 58.07 -1.15 %
57.48 -2.14 %
56.53 -3.76 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 59.10 0.61 %
58.91 0.29 %
58.85 0.19 %
Current price 58.74
Support 58.34 -0.68%
54.02 -8.04%
47.83 -18.57%

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About Encore Capital Group Inc

Encore Capital Group Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions for consumers and property owners across a range of financial assets worldwide. The company operates in two segments, Portfolio Purchasing and Recovery, and Tax Liens. The Portfolio Purchasing and Recovery segment purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by... Read more

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