Everi Holdings Inc Stock Forecast
Everi Holdings Inc stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Everi Holdings Inc stock price gained 4.14% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.17 to $9.55. During the last trading day the stock fluctuated 4.60% from a day low at $9.14 to a day high of $9.56. The price has risen in 6 of the last 10 days and is up by 5.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 200 thousand more shares were traded than the day before. In total, 805 thousand shares were bought and sold for approximately $7.69 million.
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 -13.77% during the next 3 months and, with a 90% probability hold a price between $7.44 and $9.74 at the end of this 3-month period.
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EVRI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 7.42%. 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 is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Everi 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 $10.12. On a fall, the stock will find some support from the short-term average at $9.32. 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 Everi Holdings Inc stock
Everi Holdings Inc finds support from accumulated volume at $9.45 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 $0.420 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: $9.14 (-4.31%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (EVRI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Everi Holdings Inc to open at $9.42, and during the day (based on 14 day Average True Range), to move between $9.16 and $9.94, which gives a possible trading interval of +/-$0.391 (+/-4.09%) up or down from last closing price. If Everi Holdings Inc takes out the full calculated possible swing range there will be an estimated 8.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.45 (1.05%) than the resistance at $10.54 (10.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Everi Holdings Inc stock A Buy?
Everi Holdings 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: -0.139 Hold/Accumulate Upgraded
Predicted Opening Price for Everi Holdings Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$9.42 ( 1.40%) | $9.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.84 | 3.00 % | |
R2 | 9.68 | 1.32 % | ||
R1 | 9.58 | 0.284 % | ||
Current price: | 9.55 | |||
Support | S1 | 9.26 | -3.08 % | |
S2 | 9.16 | -4.11 % | ||
S3 | 9.00 | -5.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.86 | 24.19 % | |
R2 | 11.06 | 15.81 % | ||
R1 | 10.54 | 10.37 % | ||
Current price | 9.55 | |||
Support | S1 | 9.45 | -1.05% | |
S2 | 9.41 | -1.47% | ||
S3 | 9.16 | -4.08% |
FAQ
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