EverQuote, Inc. Stock Forecast
Green day on Wednesday for EverQuote, Inc.
(Updated on May 01, 2024)
The EverQuote, Inc. stock price gained 1.29% on the last trading day (Wednesday, 1st May 2024), rising from $20.17 to $20.43. It has now gained 4 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 last trading day the stock fluctuated 5.18% from a day low at $19.89 to a day high of $20.92. The price has risen in 7 of the last 10 days and is up by 8.67% over the past 2 weeks. Volume fell on the last day by -297 thousand shares and in total, 360 thousand shares were bought and sold for approximately $7.36 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 strong 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 35.53% during the next 3 months and, with a 90% probability hold a price between $24.96 and $29.62 at the end of this 3-month period.
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EVER Signals & Forecast
The EverQuote, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.48 and $18.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 38.51%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for EverQuote, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $19.10 and $18.78. 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, EverQuote, Inc. finds support just below today's level at $19.10. If this is broken, then the next support from accumulated volume will be at $18.78 and $17.63.
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 $1.03 between high and low, or 5.18%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: $19.74 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (EVER) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect EverQuote, Inc. to open at $20.41, and during the day (based on 14 day Average True Range), to move between $19.41 and $21.45, which gives a possible trading interval of +/-$1.02 (+/-5.01%) up or down from last closing price. If EverQuote, Inc. takes out the full calculated possible swing range there will be an estimated 10.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.10, some $1.33 (6.51%) from the current price of $20.43, our system finds the risk reward attractive.
Earnings coming up
EverQuote, Inc. will release earnings AMC on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0900. We will update the financials statements for EverQuote, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.64% in the first trading day after earnings release.
Is EverQuote, Inc. stock A Buy?
EverQuote, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.074 Strong Buy Candidate Unchanged
Predicted Opening Price for EverQuote, Inc. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$20.41 ( 0.0966%) | $20.43 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 21.44 | 4.95 % | |
R2 | 21.05 | 3.02 % | ||
R1 | 20.80 | 1.83 % | ||
Current price: | 20.43 | |||
Support | S1 | 20.02 | -2.02 % | |
S2 | 19.77 | -3.21 % | ||
S3 | 19.38 | -5.14 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 20.43 | |||
Support | S1 | 19.10 | -6.51% | |
S2 | 18.78 | -8.08% | ||
S3 | 17.63 | -13.71% |
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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