Express Inc Stock Forecast
High volatility in Express Inc stock price on Friday which ended trading at $0.700
(Updated on Apr 19, 2024)
The Express Inc stock price fell by -9.09% on the last day (Friday, 19th Apr 2024) from $0.770 to $0.700. During the last trading day the stock fluctuated 14.29% from a day low at $0.700 to a day high of $0.80. The price has risen in 6 of the last 10 days and is up by 6.87% over the past 2 weeks. Volume has increased on the last day by 15 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, 22 thousand shares were bought and sold for approximately $15.58 thousand.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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EXPR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 6.87%. 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 Express 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 $0.771 and $1.26. 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). Express Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Express Inc stock
Express Inc finds support from accumulated volume at $0.665 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.100 between high and low, or 14.29%. For the last week, the stock has had daily average volatility of 10.11%.
Express Inc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXPR) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Express Inc to open at $0.733, and during the day (based on 14 day Average True Range), to move between $0.497 and $0.90, which gives a possible trading interval of +/-$0.203 (+/-29.03%) up or down from last closing price. If Express Inc takes out the full calculated possible swing range there will be an estimated 58.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.705 (0.71%) than the support at $0.665 (5.00%), 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.
Is Express Inc stock A Buy?
Express 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.
Current score: -4.432 Sell Candidate Unchanged
Predicted Opening Price for Express Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.733 ( 4.76%) | $0.700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 19.05 % | |
| R2 | 0.795 | 13.59 % | ||
| R1 | 0.772 | 10.22 % | ||
| Current price: | 0.700 | |||
| Support | S1 | 0.695 | -0.695 % | |
| S2 | 0.672 | -4.07 % | ||
| S3 | 0.633 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 17.14 % | |
| R2 | 0.80 | 14.29 % | ||
| R1 | 0.705 | 0.714 % | ||
| Current price | 0.700 | |||
| Support | S1 | 0.665 | -5.00% | |
| S2 | 0.655 | -6.43% | ||
| S3 | 0 | . |
EXPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 02, 2010 | Dec 14, 2010 | Dec 23, 2010 | $0.560 | 0.152% |
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