Evercore Partners Inc Stock Forecast

Evercore Partners Inc stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 02, 2024)

EVR Signals & Forecast

There are mixed signals in the stock today. The Evercore Partners 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 $189.51. On a fall, the stock will find some support from the short-term average at $184.50. 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 Tuesday, April 30, 2024, and so far it has risen 2.77%. 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 for Evercore Partners Inc stock

Evercore Partners Inc finds support from accumulated volume at $183.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.01 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.

Our recommended stop-loss: $177.95 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (EVR) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Evercore Partners Inc to open at $186.42, and during the day (based on 14 day Average True Range), to move between $181.22 and $191.84, which gives a possible trading interval of +/-$5.31 (+/-2.85%) up or down from last closing price. If Evercore Partners Inc takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $186.59 (0.03%) than the support at $183.65 (1.54%), 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 Evercore Partners Inc stock A Buy?

Evercore Partners Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.777 Hold/Accumulate Upgraded

Predicted Opening Price for Evercore Partners Inc of Friday, May 3, 2024

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