eXp World Holdings Inc. Stock Forecast
Evaluation of eXp World Holdings Inc. stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The eXp World Holdings Inc. stock price fell by -3.58% on the last day (Thursday, 25th Apr 2024) from $10.34 to $9.97. During the last trading day the stock fluctuated 2.67% from a day low at $9.94 to a day high of $10.20. The price has fallen in 6 of the last 10 days and is down by -1.97% for this period. Volume has increased on the last day by 31 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, 902 thousand shares were bought and sold for approximately $9.00 million.
The stock lies in the middle of a very 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 -23.04% during the next 3 months and, with a 90% probability hold a price between $6.00 and $8.57 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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EXPI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 7.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The eXp World Holdings Inc. 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 $10.07 and $10.37. 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). 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 eXp World Holdings Inc. stock
eXp World Holdings Inc. finds support from accumulated volume at $9.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.265 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXPI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect eXp World Holdings Inc. to open at $10.04, and during the day (based on 14 day Average True Range), to move between $9.43 and $10.51, which gives a possible trading interval of +/-$0.536 (+/-5.37%) up or down from last closing price. If eXp World Holdings Inc. takes out the full calculated possible swing range there will be an estimated 10.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.99 (0.20%) than the support at $9.75 (2.21%), 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
eXp World Holdings Inc. will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0300. We will update the financials statements for eXp World Holdings Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.97% in the first trading day after earnings release.
Is eXp World Holdings Inc. stock A Buy?
eXp World Holdings Inc. holds several negative signals and is within a very 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. 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: -3.293 Sell Candidate Downgraded
Predicted Opening Price for eXp World Holdings Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $10.04 ( 0.652%) | $9.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.30 | 3.31 % | |
| R2 | 10.20 | 2.29 % | ||
| R1 | 10.14 | 1.67 % | ||
| Current price: | 9.97 | |||
| Support | S1 | 9.93 | -0.363 % | |
| S2 | 9.87 | -0.99 % | ||
| S3 | 9.77 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.28 | 23.17 % | |
| R2 | 11.06 | 10.93 % | ||
| R1 | 9.99 | 0.201 % | ||
| Current price | 9.97 | |||
| Support | S1 | 9.75 | -2.21% | |
| S2 | 9.69 | -2.81% | ||
| S3 | 9.25 | -7.27% |
EXPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Mar 07, 2024 | Mar 29, 2024 | $0.0500 | 0.484% |
| 2 | Nov 02, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.0500 | 0.413% |
| 3 | Jul 28, 2023 | Aug 17, 2023 | Sep 04, 2023 | $0.0500 | 0.262% |
| 4 | Apr 27, 2023 | May 11, 2023 | May 31, 2023 | $0.0450 | 0.292% |
| 5 | Feb 09, 2023 | Mar 10, 2023 | Mar 31, 2023 | $0.0450 | 0.355% |
FAQ
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