Equifax Inc Stock Forecast
Equifax Inc stock upgraded to Hold/Accumulate.
(Updated on Mar 24, 2023)
The Equifax Inc stock price gained 0.89% on the last trading day (Friday, 24th Mar 2023), rising from $195.83 to $197.58. During the last trading day the stock fluctuated 2.24% from a day low at $193.28 to a day high of $197.60. The price has risen in 7 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume fell on the last day by -317 thousand shares and in total, 572 thousand shares were bought and sold for approximately $112.96 million. 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.
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The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $191.36 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.56% during the next 3 months and, with a 90% probability hold a price between $182.63 and $214.17 at the end of this 3-month period.
EFX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 10, 2023, and so far it has risen 2.30%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Equifax 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 $199.41 and $205.31. A break-up above any of these levels will issue buy signals.
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Support, Risk & Stop-loss for Equifax Inc stock
Equifax Inc finds support from accumulated volume at $195.83 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 $4.32 between high and low, or 2.24%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: $187.11 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (EFX) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Equifax Inc to open at $196.15, and during the day (based on 14 day Average True Range), to move between $191.98 and $203.18, which gives a possible trading interval of +/-$5.60 (+/-2.83%) up or down from last closing price. If Equifax Inc takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $195.83 (0.89%) than the resistance at $206.73 (4.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Equifax Inc stock A Buy?
Equifax Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.605 Open Broker AccountHold/Accumulate Upgraded
Predicted Opening Price for Equifax Inc of Monday, March 27, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price March 27, 2023||Current price|
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Trading levels for EFX
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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About Equifax Inc
Equifax Inc. provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employme... EFX Profile
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