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AI Analysis of EFX
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Equifax Inc stock downgraded to Hold/Accumulate
(Updated on Feb 29, 2024)

Buy or Hold candidate since Feb 08, 2024 Gain 8.54% PDF
The Equifax Inc stock price gained 2.35% on the last trading day (Thursday, 29th Feb 2024), rising from $267.31 to $273.59. During the last trading day the stock fluctuated 2.59% from a day low at $268.15 to a day high of $275.10. The price has been going up and down for this period, and there has been a 9.29% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 539 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $276.87 million.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $273.58, a level that may pose a second chance to hit a runner. According to fan-theory $293.11 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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EFX Signals & Forecast

The Equifax Inc 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 $266.10 and $251.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 03, 2024, and so far it has risen 17.41%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Equifax Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $252.06 and $246.69. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Equifax Inc finds support just below today's level at $252.06. If this is broken, then the next support from accumulated volume will be at $246.69 and $237.78.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.95 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 1.60%.

Our recommended stop-loss: $263.74 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (EFX) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Equifax Inc to open at $272.28, and during the day (based on 14 day Average True Range), to move between $267.52 and $279.66, which gives a possible trading interval of +/-$6.07 (+/-2.22%) up or down from last closing price. If Equifax Inc takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $252.06, some $21.53 (7.87%) from the current price of $273.59, our system finds the risk reward attractive.

Is Equifax Inc stock A Buy?

Equifax Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 Equifax Inc of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$272.28 ( 0.479%) $273.59

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 279.23 2.06 %
R2 276.58 1.09 %
R1 274.93 0.492 %
Current price: 273.59
Support S1 269.63 -1.45 %
S2 267.98 -2.05 %
S3 265.33 -3.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 273.59
Support S1 252.06 -7.87%
S2 246.69 -9.83%
S3 237.78 -13.09%

FAQ

What is the symbol for Equifax Inc Stock and on which exchange is it traded?
The symbol for Equifax Inc is EFX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Equifax Inc Stock?
Equifax Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Equifax Inc Stock?
Equifax Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Equifax Inc Stock.

What's the current price of Equifax Inc Stock?
As of the end of day on the 2024-02-29, the price of an Equifax Inc (EFX) share was $273.59.

What is the 52-week high and low for Equifax Inc Stock?
The 52-week high for Equifax Inc Stock is $275.10 and the 52-week low is $159.95.

What is the market capitalization of Equifax Inc Stock?
As of the 2024-02-29, the market capitalization of Equifax Inc is 33.913B.

When is the next earnings date for Equifax Inc?
The upcoming earnings date for Equifax Inc is Apr 17, 2024.

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About Equifax Inc

Equifax 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

EFX Dividend Data

0.671%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Feb 22, 2024
Next Payment Date Mar 15, 2024
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