Evertec Inc Stock Forecast
Evertec Inc stock price down 2.14% on Tuesday
(Updated on Apr 30, 2024)
The Evertec Inc stock price fell by -2.14% on the last day (Tuesday, 30th Apr 2024) from $38.35 to $37.53. During the last trading day the stock fluctuated 1.89% from a day low at $37.50 to a day high of $38.21. The price has risen in 7 of the last 10 days and is up by 1.65% over the past 2 weeks. Volume has increased on the last day by 106 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 339 thousand shares were bought and sold for approximately $12.74 million.
The stock lies in the middle of a 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 -7.85% during the next 3 months and, with a 90% probability hold a price between $31.23 and $35.69 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EVTC Signals & Forecast
There are few to no technical positive signals at the moment. The Evertec Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $38.31 and $38.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Evertec Inc stock
Evertec Inc finds support from accumulated volume at $37.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.710 between high and low, or 1.89%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVTC) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Evertec Inc to open at $37.75, and during the day (based on 14 day Average True Range), to move between $36.79 and $38.27, which gives a possible trading interval of +/-$0.739 (+/-1.97%) up or down from last closing price. If Evertec Inc takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.62 (0.24%) than the support at $37.37 (0.43%), 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.
Earnings coming up
Evertec Inc will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.670. We will update the financials statements for Evertec Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.15% in the first trading day after earnings release.
Is Evertec Inc stock A Buy?
Evertec Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.410 Sell Candidate Unchanged
Predicted Opening Price for Evertec Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $37.75 ( 0.577%) | $37.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVTC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.46 | 2.47 % | |
| R2 | 38.19 | 1.75 % | ||
| R1 | 38.02 | 1.30 % | ||
| Current price: | 37.53 | |||
| Support | S1 | 37.48 | -0.145 % | |
| S2 | 37.31 | -0.592 % | ||
| S3 | 37.04 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.90 | 6.31 % | |
| R2 | 37.96 | 1.15 % | ||
| R1 | 37.62 | 0.240 % | ||
| Current price | 37.53 | |||
| Support | S1 | 37.37 | -0.426% | |
| S2 | 36.92 | -1.63% | ||
| S3 | 36.13 | -3.73% |
EVTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 26, 2024 | Jun 07, 2024 | $0.0500 | 0.133% |
| 2 | Feb 15, 2024 | Feb 26, 2024 | Mar 15, 2024 | $0.0500 | 0.133% |
| 3 | Oct 19, 2023 | Oct 27, 2023 | Dec 01, 2023 | $0.0500 | 0.131% |
| 4 | Jul 20, 2023 | Jul 28, 2023 | Sep 01, 2023 | $0.0500 | 0.126% |
| 5 | Apr 20, 2023 | Apr 28, 2023 | Sep 01, 2023 | $0.0500 | 0.126% |
FAQ
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