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E2open Parent Holdings, Inc. Stock Forecast NYSE:ETWO

$12.12 (4.94%)

Volume: 3M

Closed: Dec 07, 2021

Hollow Logo Score: -1.068

E2open Parent Holdings, Inc. Stock Forecast

$12.12 (4.94%)

Volume: 3M

Closed: Dec 07, 2021

Score Hollow Logo -1.068
Which way will ETWO go? Request
Key Stats
Beta 1.41
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the stock is currently not being overbought or oversold

E2open Parent Holdings, Inc. stock price up 4.94% on Tuesday
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-01 Gain 3.24%

The E2open Parent Holdings, Inc. stock price gained 4.94% on the last trading day (Tuesday, 7th Dec 2021), rising from $11.55 to $12.12. , and 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 day the stock fluctuated 4.00% from a day low at $11.88 to a day high of $12.36. The price has been going up and down for this period, and there has been a -1.94% loss for the last 2 weeks. Volume fell on the last day by -484 thousand shares and in total, 3 million shares were bought and sold for approximately $38.06 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 wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.41% during the next 3 months and, with a 90% probability hold a price between $11.76 and $14.03 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The E2open Parent Holdings, 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 $12.25. On a fall, the stock will find some support from the short-term average at $11.88. 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). A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 6.60%. 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.

Support, Risk & Stop-loss

E2open Parent Holdings, Inc. finds support from accumulated volume at $12.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.48 between high and low, or 4.00%. For the last week, the stock has had a daily average volatility of 7.09%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is E2open Parent Holdings, Inc. stock A Buy?

E2open Parent Holdings, 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: -1.068

Predicted Opening Price for E2open Parent Holdings, Inc. of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$12.12 $12.12 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Sep 30, 2021 "Bank of America" gave "$14.00" rating for ETWO. The price target was changed from $11.50 to 1.7%.

Volatility and Risk
Daily Average Volatility: 7.09 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.09 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $12.18
Price: $12.12
Support: $12.09

ETWO Insider Trading Show all Trades

INSIDER POWER

1.219

Last 100 transactions
Buy: 20 306 387 | Sell: 16 659 584 (Shares)
Date Action Amount Person Type
Nov 03, 2021 Sell 90 000 Maudlin Timothy I Common Units
Nov 03, 2021 Sell 90 000 Maudlin Timothy I Common Units
Oct 21, 2021 Buy 6 030 Hantman Peter Class A Common Stock
Oct 20, 2021 Buy 2 000 Janik Jarett Class A Common Stock
Oct 20, 2021 Buy 6 280 Hantman Peter Class A Common Stock
Show all Insider Trades
INSIDER POWER

1.219

Last 100 transactions
Buy: 20 306 387 | Sell: 16 659 584 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 12.59 3.91 %
12.41 2.41 %
12.30 1.48 %
Current price: 12.12
Support 11.94 -1.51 %
11.82 -2.44 %
11.64 -3.93 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.50 3.14 %
12.39 2.23 %
12.18 0.50 %
Current price 12.12
Support 12.09 -0.25%
11.52 -4.95%
11.37 -6.19%

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