Expeditors International of Washington Stock Forecast
Expeditors International of Washington stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Expeditors International of Washington stock price gained 0.133% on the last trading day (Friday, 26th Apr 2024), rising from $113.15 to $113.30. During the last trading day the stock fluctuated 1.29% from a day low at $112.82 to a day high of $114.27. The price has fallen in 7 of the last 10 days and is down by -3.7% for this period. Volume fell on the last day by -551 thousand shares and in total, 996 thousand shares were bought and sold for approximately $112.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $112.49 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.98% during the next 3 months and, with a 90% probability hold a price between $102.39 and $107.91 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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EXPD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.381%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Expeditors International of Washington stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $113.69 and $117.96. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Expeditors International of Washington stock
Expeditors International of Washington finds support from accumulated volume at $113.15 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 $1.46 (1.29%) between high and low. For the last week, the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXPD) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Expeditors International of Washington to open at $113.46, and during the day (based on 14 day Average True Range), to move between $111.35 and $115.25, which gives a possible trading interval of +/-$1.95 (+/-1.72%) up or down from last closing price. If Expeditors International of Washington takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $113.15 (0.13%) than the resistance at $115.57 (2.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Expeditors International of Washington stock A Buy?
Expeditors International of Washington holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.850 Sell Candidate Downgraded
Predicted Opening Price for Expeditors International of Washington of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $113.46 ( 0.143%) | $113.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXPD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.92 | 1.43 % | |
| R2 | 114.36 | 0.94 % | ||
| R1 | 114.02 | 0.633 % | ||
| Current price: | 113.30 | |||
| Support | S1 | 112.91 | -0.348 % | |
| S2 | 112.56 | -0.651 % | ||
| S3 | 112.01 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.69 | 9.17 % | |
| R2 | 119.60 | 5.56 % | ||
| R1 | 115.57 | 2.00 % | ||
| Current price | 113.30 | |||
| Support | S1 | 113.15 | -0.132% | |
| S2 | 113.07 | -0.203% | ||
| S3 | 112.87 | -0.380% |
EXPD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.690 | 0.554% |
| 2 | May 01, 2023 | May 31, 2023 | Jun 15, 2023 | $0.690 | 0.579% |
| 3 | Nov 07, 2022 | Nov 30, 2022 | Dec 15, 2022 | $0.670 | 0.613% |
| 4 | May 03, 2022 | May 31, 2022 | Jun 15, 2022 | $0.670 | 0.684% |
| 5 | Nov 04, 2021 | Nov 30, 2021 | Dec 15, 2021 | $0.580 | 0.429% |
FAQ
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