RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EXP
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Eagle Materials Inc stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Nov 03, 2023 Gain 64.62% PDF

The Eagle Materials Inc stock price gained 0.97% on the last trading day (Thursday, 28th Mar 2024), rising from $269.13 to $271.75. During the last trading day the stock fluctuated 1.73% from a day low at $267.67 to a day high of $272.31. The price has risen in 8 of the last 10 days and is up by 8.54% 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, 36 thousand more shares were traded than the day before. In total, 279 thousand shares were bought and sold for approximately $75.75 million.

The stock lies in the middle of a 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 36.00% during the next 3 months and, with a 90% probability hold a price between $354.60 and $389.08 at the end of this 3-month period.

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EXP Signals & Forecast

Mostly positive signals in the chart today. The Eagle Materials 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 $267.56 and $253.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 8.89%. 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.

Support, Risk & Stop-loss for Eagle Materials Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $250.36 and $228.86. 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, Eagle Materials Inc finds support just below today's level at $250.36. If this is broken, then the next support from accumulated volume will be at $228.86 and $224.38.

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 $4.64 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 1.59%.

Our recommended stop-loss: $261.79 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (EXP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Eagle Materials Inc to open at $270.58, and during the day (based on 14 day Average True Range), to move between $266.86 and $276.64, which gives a possible trading interval of +/-$4.89 (+/-1.80%) up or down from last closing price. If Eagle Materials Inc takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $250.36, some $21.39 (7.87%) from the current price of $271.75, our system finds the risk reward attractive.

Is Eagle Materials Inc stock A Buy?

Eagle Materials 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.033 Strong Buy Candidate Upgraded

Predicted Opening Price for Eagle Materials Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$270.58 ( 0.432%) $271.75

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

Trading levels for EXP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 275.22 1.28 %
R2 273.44 0.623 %
R1 272.35 0.220 %
Current price: 271.75
Support S1 268.80 -1.08 %
S2 267.71 -1.49 %
S3 265.94 -2.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 271.75
Support S1 250.36 -7.87%
S2 228.86 -15.78%
S3 224.38 -17.43%

EXP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 12, 2024 $0.250 0.0920%
2 Nov 06, 2023 Dec 14, 2023 Jan 12, 2024 $0.250 0.123%
3 Aug 08, 2023 Sep 14, 2023 Oct 16, 2023 $0.250 0.150%
4 May 22, 2023 Jun 15, 2023 Jul 14, 2023 $0.250 0.133%
5 Feb 07, 2023 Mar 16, 2023 Apr 14, 2023 $0.250 0.174%

FAQ

What is the symbol for Eagle Materials Inc Stock and on which exchange is it traded?
The symbol for Eagle Materials Inc is EXP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Eagle Materials Inc Stock?
Eagle Materials 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Eagle Materials Inc Stock?
Eagle Materials Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eagle Materials Inc Stock.

What's the current price of Eagle Materials Inc Stock?
As of the end of day on the 2024-03-28, the price of an Eagle Materials Inc (EXP) share was $271.75.

What is the 52-week high and low for Eagle Materials Inc Stock?
The 52-week high for Eagle Materials Inc Stock is $272.72 and the 52-week low is $135.17.

What is the market capitalization of Eagle Materials Inc Stock?
As of the 2024-03-28, the market capitalization of Eagle Materials Inc is 9.362B.

When is the next earnings date for Eagle Materials Inc?
The upcoming earnings date for Eagle Materials Inc is May 16, 2024.
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