Expeditors International of Washington Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Expeditors International of Washington stock after gaining 0.290%
(Updated on Jul 02, 2024)
The Expeditors International of Washington stock price gained 0.290% on the last trading day (Tuesday, 2nd Jul 2024), rising from $120.87 to $121.22. During the last trading day the stock fluctuated 1.22% from a day low at $120.13 to a day high of $121.60. The price has risen in 6 of the last 10 days but is still down by -2.03% for this period. Volume fell on the last day by -143 thousand shares and in total, 927 thousand shares were bought and sold for approximately $112.35 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 part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $119.54 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.22% during the next 3 months and, with a 90% probability hold a price between $131.75 and $141.10 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EXPD Signals & Forecast
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. On corrections up, there will be some resistance from the lines at $124.82 and $122.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -4.75%. 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).
Support, Risk & Stop-loss for Expeditors International of Washington stock
Expeditors International of Washington finds support from accumulated volume at $120.90 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 $1.47 between high and low, or 1.22%. For the last week the stock has had daily average volatility of 2.07%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Expeditors International of Washington to open at $120.98, and during the day (based on 14 day Average True Range), to move between $118.90 and $123.54, which gives a possible trading interval of +/-$2.32 (+/-1.92%) 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 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $120.90 (0.26%) than the resistance at $122.34 (0.92%), 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?
The Expeditors International of Washington stock holds several negative signals and despite the positive trend, we believe Expeditors International of Washington will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.606 Sell Candidate Unchanged
Predicted Opening Price for Expeditors International of Washington of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $120.98 ( 0.197%) | $121.22 |
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 | |
|---|---|---|
| R3 | 122.45 | 1.01% |
| R2 | 121.89 | 0.550% |
| R1 | 121.54 | 0.265% |
| Price | 121.22 | |
| S1 | 120.42 | -0.658% |
| S2 | 120.08 | -0.94% |
| S3 | 119.52 | -1.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 126.98 | 4.75% |
| R2 | 126.30 | 4.19% |
| R1 | 122.34 | 0.92% |
| Price | 121.22 | |
| S1 | 120.90 | -0.264% |
| S2 | 119.09 | -1.76% |
| S3 | 115.64 | -4.60% |
EXPD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 17, 2024 | $0.730 | 0.590% |
| 2 | May 06, 2024 | May 31, 2024 | Jun 17, 2024 | $0.730 | 0.590% |
| 3 | Nov 06, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.690 | 0.554% |
| 4 | May 01, 2023 | May 31, 2023 | Jun 15, 2023 | $0.690 | 0.579% |
| 5 | Nov 07, 2022 | Nov 30, 2022 | Dec 15, 2022 | $0.670 | 0.613% |
FAQ
Click here for our free guide on how to buy Expeditors International of Washington Stock.
