Exponent stock downgraded to Sell Candidate
(Updated on Sep 30, 2022)
Sell candidate since 2022-09-30 PDF
The Exponent stock price fell by -1.25% on the last day (Friday, 30th Sep 2022) from $88.78 to $87.67. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.22% from a day low at $87.64 to a day high of $90.46. The price has fallen in 8 of the last 10 days and is down by -2.52% for this period. Volume has increased on the last day by 69 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, 201 thousand shares were bought and sold for approximately $17.62 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $86.72 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.24% during the next 3 months and, with a 90% probability hold a price between $83.91 and $99.08 at the end of this 3-month period.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Exponent 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 $88.45 and $94.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, August 16, 2022, and so far it has fallen -15.82%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
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 $2.82 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 2.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Exponent to open at $88.59, and during the day (based on 14 day Average True Range), to move between $85.55 and $89.79, which gives a possible trading interval of +/-$2.12 (+/-2.42%) up or down from last closing price. If Exponent takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.27 (2.59%) our system find the risk reward not very attractive.
Is Exponent stock A Buy?
Exponent holds several negative signals and is within a 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: -2.543Sell Candidate Downgraded
Predicted Opening Price for Exponent of Monday, October 3, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price October 3, 2022||Current price|
Remember To Visit Our YouTube Channel
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Exponent, Inc., together with its subsidiaries, operates as a science and engineering consulting company worldwide. It operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and... EXPO Profile
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.