Exchange Income Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Exchange Income Corporation
(Updated on May 03, 2024)
The Exchange Income Corporation stock price gained 0.499% on the last trading day (Friday, 3rd May 2024), rising from $46.10 to $46.33. During the last trading day the stock fluctuated 0.800% from a day low at $46.25 to a day high of $46.62. The price has been going up and down for this period, and there has been a 0.85% gain for the last 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 53 thousand shares were bought and sold for approximately $2.45 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.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Exchange Income Corporation stock with a 90% probability to be traded between $45.02 and $49.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EIF.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.80%. 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 Exchange Income Corporation 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 $46.57 and $47.72. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Exchange Income Corporation stock
Exchange Income Corporation finds support from accumulated volume at $46.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.370 (0.800%) between high and low. For the last week, the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EIF.TO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Exchange Income Corporation to open at $46.40, and during the day (based on 14 day Average True Range), to move between $45.57 and $47.09, which gives a possible trading interval of +/-$0.760 (+/-1.64%) up or down from last closing price. If Exchange Income Corporation takes out the full calculated possible swing range there will be an estimated 3.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $46.27 (0.13%) than the resistance at $46.45 (0.26%), 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
Exchange Income Corporation will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.240. We will update the financials statements for Exchange Income Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.97% in the first trading day after earnings release.
Is Exchange Income Corporation stock A Buy?
Exchange Income Corporation holds several negative signals and is within a 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.
Current score: -1.398 Sell Candidate Unchanged
Predicted Opening Price for Exchange Income Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $46.40 ( 0.151%) | $46.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIF.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.77 | 0.95 % | |
| R2 | 46.63 | 0.645 % | ||
| R1 | 46.54 | 0.456 % | ||
| Current price: | 46.33 | |||
| Support | S1 | 46.26 | -0.154 % | |
| S2 | 46.17 | -0.342 % | ||
| S3 | 46.03 | -0.648 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.04 | 5.85 % | |
| R2 | 48.87 | 5.48 % | ||
| R1 | 46.45 | 0.259 % | ||
| Current price | 46.33 | |||
| Support | S1 | 46.27 | -0.130% | |
| S2 | 46.05 | -0.604% | ||
| S3 | 46.04 | -0.626% |
EIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.220 | 0.481% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
| 3 | Jan 17, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.220 | 0.470% |
| 4 | Dec 15, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.220 | 0.473% |
| 5 | Nov 17, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.220 | 0.486% |
FAQ
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