Equifax Inc Stock Forecast
Green day on Wednesday for Equifax Inc stock after gaining 0.557%
(Updated on Apr 24, 2024)
The Equifax Inc stock price gained 0.557% on the last trading day (Wednesday, 24th Apr 2024), rising from $224.46 to $225.71. 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 2.81% from a day low at $221.53 to a day high of $227.75. The price has fallen in 6 of the last 10 days and is down by -9.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 206 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $273.82 million.
The stock lies in the middle of a 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 -4.54% during the next 3 months and, with a 90% probability hold a price between $205.80 and $253.78 at the end of this 3-month period.
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EFX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.40%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Equifax 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 $252.52. On a fall, the stock will find some support from the short-term average at $225.58. 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).
Support, Risk & Stop-loss for Equifax Inc stock
Equifax Inc finds support from accumulated volume at $218.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $6.22 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 3.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EFX) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Equifax Inc to open at $225.00, and during the day (based on 14 day Average True Range), to move between $218.37 and $233.05, which gives a possible trading interval of +/-$7.34 (+/-3.25%) up or down from last closing price. If Equifax Inc takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $218.93 (3.00%) than the resistance at $237.68 (5.30%), 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 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.
Current score: -2.301 Sell Candidate Unchanged
Predicted Opening Price for Equifax Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$225.00 ( 0.316%) | $225.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 231.22 | 2.44 % | |
R2 | 228.84 | 1.39 % | ||
R1 | 227.37 | 0.737 % | ||
Current price: | 225.71 | |||
Support | S1 | 222.62 | -1.37 % | |
S2 | 221.15 | -2.02 % | ||
S3 | 218.78 | -3.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 265.98 | 17.84 % | |
R2 | 252.06 | 11.67 % | ||
R1 | 237.68 | 5.30 % | ||
Current price | 225.71 | |||
Support | S1 | 218.93 | -3.00% | |
S2 | 217.51 | -3.63% | ||
S3 | 216.20 | -4.21% |
EFX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 07, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.390 | 0.154% |
2 | Nov 02, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.390 | 0.159% |
3 | Aug 24, 2023 | Sep 05, 2023 | Sep 15, 2023 | $0.390 | 0.198% |
4 | May 04, 2023 | May 24, 2023 | Jun 15, 2023 | $0.390 | 0.168% |
5 | Feb 02, 2023 | Feb 21, 2023 | Mar 15, 2023 | $0.390 | 0.196% |
FAQ
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