On Wednesday Esperion Therapeutics stock price gained impressive 5.58%
(Updated on Dec 08, 2021)
Sell candidate since 2021-12-03 Gain 11.81% PDF
The Esperion Therapeutics stock price gained 5.58% on the last trading day (Wednesday, 8th Dec 2021), rising from $5.56 to $5.87. During the day the stock fluctuated 7.07% from a day low at $5.52 to a day high of $5.91. The price has risen in 6 of the last 10 days, but is still down by -41.42% for this period. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $18.64 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 lies in the middle of a very 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 -37.25% during the next 3 months and, with a 90% probability hold a price between $3.13 and $5.75 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.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 11.81%. Further rise is indicated until a new top pivot has been found. 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 Esperion Therapeutics 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 $6.86 and $8.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
Esperion Therapeutics finds support from accumulated volume at $5.61 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.39 between high and low, or 7.07%. For the last week, the stock has had a daily average volatility of 12.46%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Esperion Therapeutics stock A Buy?
Esperion Therapeutics holds several negative signals and is within a very wide and 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: -6.572
Predicted Opening Price for Esperion Therapeutics of Thursday, December 9, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 9, 2021||Current price|
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On Dec 06, 2021 "Credit Suisse Group" gave "$11.00 - $8.00" rating for ESPR. The price target was set to $5.26+0.2%.
ESPR Insider Trading
|Oct 29, 2021||Buy||22 450||Foody Joanne M.||Common Stock|
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|Jun 28, 2021||Buy||62 528||Foody Joanne M.||Common Stock|
|Jun 28, 2021||Buy||88 692||Foody Joanne M.||Stock Option (right to buy)|
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