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Eagle Materials Inc Stock Forecast NYSE:EXP

$162.44 (3.06%)

Volume: 321k

Closed: Dec 07, 2021

Hollow Logo Score: 5.496

Eagle Materials Inc Stock Forecast

$162.44 (3.06%)

Volume: 321k

Closed: Dec 07, 2021

Score Hollow Logo 5.496
Which way will EXP go? Request
Stop-loss: $155.94 (-4.00%)
Key Stats
P/E Ratio 18.60
Beta 1.39
Trailing Dividend Rate 0.32% ($0.50)
Next Dividend Date Dec 16, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 50 and the stock is currently not being overbought or oversold

Eagle Materials Inc stock upgraded to Strong Buy Candidate.
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-02 Gain 2.50%

The Eagle Materials Inc stock price gained 3.06% on the last trading day (Tuesday, 7th Dec 2021), rising from $157.61 to $162.44. , and has now gained 3 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 day the stock fluctuated 2.71% from a day low at $159.87 to a day high of $164.21. The price has been going up and down for this period, and there has been a 0.61% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $52.08 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 21.21% during the next 3 months and, with a 90% probability hold a price between $187.19 and $204.35 at the end of this 3-month period.

Signals & Forecast

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 $157.41 and $154.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 6.48%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $135.38 and $135.00. There is 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 $135.38. If this is broken, then the next support from accumulated volume will be at $135.00 and $134.68.

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 $4.34 (2.71%) between high and low. For the last week, the stock has had a daily average volatility of 3.50%.

Our recommended stop-loss: $155.94 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

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: 5.496

Predicted Opening Price for Eagle Materials Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$162.17 $162.44 (Overvalued)
Strong Buy Candidate Upgraded

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Analyst Ratings

On Dec 03, 2021 "Loop Capital" gave "$170.00" rating for EXP. The price target was changed from $155.22 to 2.1%.

Volatility and Risk
Daily Average Volatility: 3.50 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.50 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $163.74
Price: $162.44
Support: $135.38

EXP Insider Trading Show all Trades

INSIDER POWER

0.477

Last 100 transactions
Buy: 128 219 | Sell: 268 950 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Sell 1 193 Ellen Martin M Non-Qualified Stock Option (Right to Buy)
Nov 22, 2021 Sell 1 193 Ellen Martin M Common Stock
Nov 22, 2021 Buy 1 193 Ellen Martin M Common Stock
Nov 15, 2021 Sell 3 000 Graass James H Non-Qualified Stock Option (Right to Buy)
Nov 15, 2021 Sell 3 000 Graass James H Common Stock
Show all Insider Trades
INSIDER POWER

0.477

Last 100 transactions
Buy: 128 219 | Sell: 268 950 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 166.51 2.50 %
164.85 1.48 %
163.83 0.85 %
Current price: 162.44
Support 160.52 -1.18 %
159.49 -1.81 %
157.84 -2.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 164.38 1.19 %
164.33 1.16 %
163.74 0.80 %
Current price 162.44
Support 135.38 -16.66%
135.00 -16.89%
134.68 -17.09%

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About Eagle Materials Inc

Eagle Materials Inc. produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Gypsum Wallboard, Recycled Paperboard, Concrete and Aggregates, and Oil and Gas Proppants. The Cement segment is involved in the mining of limestone... Read more

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