Emerald Expositions Events Inc Stock Forecast
Emerald Expositions Events Inc stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 02, 2024)
The Emerald Expositions Events Inc stock price gained 0.680% on the last trading day (Thursday, 2nd May 2024), rising from $5.88 to $5.92. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.93% from a day low at $5.81 to a day high of $5.98. The price has risen in 5 of the last 10 days but is still down by -2.47% for this period. Volume fell on the last day by -12 thousand shares and in total, 17 thousand shares were bought and sold for approximately $98.76 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.96% during the next 3 months and, with a 90% probability hold a price between $4.95 and $6.51 at the end of this 3-month period.
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EEX Signals & Forecast
There are mixed signals in the stock today. The Emerald Expositions Events Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.20. On a fall, the stock will find some support from the short-term average at $5.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 4.78%. Further rise is indicated until a new top pivot has been found.
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 $0.170 between high and low, or 2.93%. For the last week the stock has had daily average volatility of 4.12%.
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 Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Emerald Expositions Events Inc to open at $5.90, and during the day (based on 14 day Average True Range), to move between $5.65 and $6.19, which gives a possible trading interval of +/-$0.266 (+/-4.50%) 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 8.99% 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 (3.55%) than the resistance at $6.20 (4.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Emerald Expositions Events Inc will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0100. We will update the financials statements for Emerald Expositions Events Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.61% in the first trading day after earnings release.
Is Emerald Expositions Events Inc stock A Buy?
Emerald Expositions Events Inc holds several negative signals and we believe that 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: -2.766 Sell Candidate Downgraded
Predicted Opening Price for Emerald Expositions Events Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $5.90 ( 0.282%) | $5.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EEX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.07 | 2.59 % | |
| R2 | 6.01 | 1.49 % | ||
| R1 | 5.97 | 0.82 % | ||
| Current price: | 5.92 | |||
| Support | S1 | 5.84 | -1.38 % | |
| S2 | 5.80 | -2.06 % | ||
| S3 | 5.73 | -3.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.72 | 13.51 % | |
| R2 | 6.22 | 5.07 % | ||
| R1 | 6.20 | 4.73 % | ||
| Current price | 5.92 | |||
| Support | S1 | 5.71 | -3.55% | |
| S2 | 5.70 | -3.72% | ||
| S3 | 5.36 | -9.46% |
EEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2020 | Feb 20, 2020 | Mar 06, 2020 | $0.0750 | 1.35% |
| 2 | Oct 31, 2019 | Nov 13, 2019 | Nov 27, 2019 | $0.0750 | 0.757% |
| 3 | Aug 01, 2019 | Aug 12, 2019 | Aug 27, 2019 | $0.0750 | 0.81% |
| 4 | May 02, 2019 | May 13, 2019 | May 28, 2019 | $0.0750 | 0.611% |
| 5 | Feb 06, 2019 | Feb 15, 2019 | Mar 05, 2019 | $0.0730 | 0.584% |
FAQ
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