Emerald Expositions Events Inc Stock Forecast

Emerald Expositions Events Inc stock downgraded to Sell Candidate
(Updated on Apr 26, 2024)

EEX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.171%. 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 Emerald Expositions Events Inc 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 $5.96 and $6.21. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Emerald Expositions Events Inc stock

Emerald Expositions Events Inc finds support from accumulated volume at $5.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.155 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 3.91%.

Emerald Expositions Events Inc is oversold on RSI14 (14). 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 a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EEX) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Emerald Expositions Events Inc to open at $5.88, and during the day (based on 14 day Average True Range), to move between $5.59 and $6.13, which gives a possible trading interval of +/-$0.266 (+/-4.54%) up or down from last closing price. If Emerald Expositions Events Inc takes out the full calculated possible swing range there will be an estimated 9.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.71 (2.56%) than the resistance at $6.20 (5.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Emerald Expositions Events Inc stock A Buy?

Emerald Expositions Events Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.

Current score: -1.307 Sell Candidate Downgraded

Predicted Opening Price for Emerald Expositions Events Inc of Monday, April 29, 2024

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