EverQuote, Inc. Stock Forecast
EverQuote, Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The EverQuote, Inc. stock price gained 2.32% on the last trading day (Tuesday, 2nd Jul 2024), rising from $21.10 to $21.59. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.38% from a day low at $20.79 to a day high of $21.70. The price has risen in 8 of the last 10 days and is up by 16.39% over the past 2 weeks. Volume fell on the last day by -254 thousand shares and in total, 364 thousand shares were bought and sold for approximately $7.87 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 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 8.57% during the next 3 months and, with a 90% probability hold a price between $20.51 and $28.85 at the end of this 3-month period.
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EVER Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 16.39%. 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 EverQuote, 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 $22.11. On a fall, the stock will find some support from the short-term average at $20.39. 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.
Support, Risk & Stop-loss for EverQuote, Inc. stock
EverQuote, Inc. finds support from accumulated volume at $20.86 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 $0.91 between high and low, or 4.38%. For the last week, the stock has had daily average volatility of 4.72%.
Since the EverQuote, Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $20.84 (-3.46%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (EVER) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect EverQuote, Inc. to open at $21.36, and during the day (based on 14 day Average True Range), to move between $20.57 and $22.61, which gives a possible trading interval of +/-$1.02 (+/-4.72%) up or down from last closing price. If EverQuote, Inc. takes out the full calculated possible swing range there will be an estimated 9.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.86 (3.38%) than the resistance at $23.73 (9.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is EverQuote, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EverQuote, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.231 Buy Candidate Upgraded
Predicted Opening Price for EverQuote, Inc. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$21.36 ( 1.07%) | $21.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVER
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.27 | 3.15% |
R2 | 21.92 | 1.54% |
R1 | 21.71 | 0.545% |
Price | 21.59 | |
S1 | 21.01 | -2.68% |
S2 | 20.80 | -3.67% |
S3 | 20.45 | -5.28% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 25.29 | 17.14% |
R2 | 24.39 | 12.97% |
R1 | 23.73 | 9.91% |
Price | 21.59 | |
S1 | 20.86 | -3.38% |
S2 | 19.18 | -11.16% |
S3 | 18.78 | -13.02% |
EVER Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 28, 2017 | May 09, 2017 | May 19, 2017 | $0.0600 | 0% |
2 | Jan 27, 2017 | Feb 09, 2017 | Feb 22, 2017 | $0.0600 | 0% |
3 | Oct 28, 2016 | Nov 08, 2016 | Nov 22, 2016 | $0.0600 | 0% |
4 | Jul 26, 2016 | Aug 09, 2016 | Aug 22, 2016 | $0.0600 | 0% |
5 | Apr 27, 2016 | May 09, 2016 | May 20, 2016 | $0.0600 | 0% |
FAQ
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