RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ESPR
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High volatility in Esperion Therapeutics stock price on Wednesday which ended trading at $2.62
(Updated on Mar 27, 2024)

Buy candidate since Mar 25, 2024 PDF

The Esperion Therapeutics stock price fell by -2.96% on the last day (Wednesday, 27th Mar 2024) from $2.70 to $2.62. During the last trading day the stock fluctuated 11.11% from a day low at $2.52 to a day high of $2.80. The price has risen in 6 of the last 10 days and is up by 19.63% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 million shares and in total, 7 million shares were bought and sold for approximately $18.58 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.79 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.04% during the next 3 months and, with a 90% probability hold a price between $1.60 and $2.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ESPR Signals & Forecast

The Esperion Therapeutics stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.37 and $2.44. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -2.96%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Esperion Therapeutics stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.30 and $2.15. 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, Esperion Therapeutics finds support just below today's level at $2.30. If this is broken, then the next support from accumulated volume will be at $2.15 and $2.02.

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 $0.280 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 13.93%.

Our recommended stop-loss: $2.49 (-4.89%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ESPR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Esperion Therapeutics to open at $2.65, and during the day (based on 14 day Average True Range), to move between $2.37 and $2.87, which gives a possible trading interval of +/-$0.249 (+/-9.50%) up or down from last closing price. If Esperion Therapeutics takes out the full calculated possible swing range there will be an estimated 19.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.63 (0.38%) than the support at $2.30 (12.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Esperion Therapeutics stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.944 Buy Candidate Unchanged

Predicted Opening Price for Esperion Therapeutics of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.65 ( 1.02%) $2.62

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

Trading levels for ESPR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.93 11.70 %
R2 2.82 7.62 %
R1 2.75 5.10 %
Current price: 2.62
Support S1 2.54 -3.06 %
S2 2.47 -5.59 %
S3 2.37 -9.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.00 14.50 %
R2 2.70 3.05 %
R1 2.63 0.382 %
Current price 2.62
Support S1 2.30 -12.21%
S2 2.15 -17.94%
S3 2.02 -22.90%

FAQ

What is the symbol for Esperion Therapeutics Stock and on which exchange is it traded?
The symbol for Esperion Therapeutics is ESPR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Esperion Therapeutics Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

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

What's the current price of Esperion Therapeutics Stock?
As of the end of day on the 2024-03-27, the price of an Esperion Therapeutics (ESPR) share was $2.62.

What is the 52-week high and low for Esperion Therapeutics Stock?
The 52-week high for Esperion Therapeutics Stock is $3.34 and the 52-week low is $0.700.

What is the market capitalization of Esperion Therapeutics Stock?
As of the 2024-03-27, the market capitalization of Esperion Therapeutics is 460.129M.

When is the next earnings date for Esperion Therapeutics?
The upcoming earnings date for Esperion Therapeutics is May 14, 2024.
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About Esperion Therapeutics

Esperion Therapeutics Esperion Therapeutics, Inc., a pharmaceutical company, develops and commercializes medicines for the treatment of patients with elevated low density lipoprotein cholesterol. Its lead product candidates are NEXLETOL (bempedoic acid) and NEXLIZET (bempedoic acid and ezetimibe) tablets for the treatment of patients with atherosclerotic cardiovascular disease or heterozygous familial hypercholesterolemia. The company has a license and collaboration a... ESPR Profile

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