Exponent Stock Forecast
Exponent stock price up 0.89% on Tuesday
(Updated on Apr 23, 2024)
The Exponent stock price gained 0.89% on the last trading day (Tuesday, 23rd Apr 2024), rising from $79.65 to $80.36. It has now gained 4 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 last trading day the stock fluctuated 1.37% from a day low at $79.82 to a day high of $80.91. The price has risen in 6 of the last 10 days but is still down by -0.94% for this period. Volume fell on the last day by -30 thousand shares and in total, 159 thousand shares were bought and sold for approximately $12.77 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 middle of a 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 -4.62% during the next 3 months and, with a 90% probability hold a price between $68.24 and $83.11 at the end of this 3-month period.
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EXPO Signals & Forecast
The Exponent stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $78.81 and $79.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 7.42%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Exponent stock
Exponent finds support from accumulated volume at $79.17 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 $1.09 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: $77.58 (-3.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (EXPO) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Exponent to open at $80.36, and during the day (based on 14 day Average True Range), to move between $78.68 and $82.04, which gives a possible trading interval of +/-$1.68 (+/-2.09%) up or down from last closing price. If Exponent takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $80.90 (0.67%) than the support at $79.17 (1.48%), 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
Exponent will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.460. We will update the financials statements for Exponent, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.91% in the first trading day after earnings release.
Is Exponent stock A Buy?
Exponent holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.662 Hold/Accumulate Unchanged
Predicted Opening Price for Exponent of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $80.36 ( 0.0041%) | $80.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXPO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.45 | 1.36 % | |
| R2 | 81.04 | 0.84 % | ||
| R1 | 80.78 | 0.522 % | ||
| Current price: | 80.36 | |||
| Support | S1 | 79.95 | -0.514 % | |
| S2 | 79.69 | -0.83 % | ||
| S3 | 79.27 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.93 | 11.91 % | |
| R2 | 88.19 | 9.74 % | ||
| R1 | 80.90 | 0.672 % | ||
| Current price | 80.36 | |||
| Support | S1 | 79.17 | -1.48% | |
| S2 | 78.39 | -2.45% | ||
| S3 | 77.76 | -3.24% |
EXPO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.280 | 0.346% |
| 2 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | $0 | 0% |
| 3 | Jul 25, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.260 | 0.303% |
| 4 | Apr 26, 2023 | Jun 08, 2023 | Jun 23, 2023 | $0.260 | 0.276% |
| 5 | Dec 15, 2022 | Mar 09, 2023 | Mar 24, 2023 | $0.260 | 0.280% |
FAQ
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