EZCORP stock downgraded from Buy Candidate to Strong Sell Candidate after Friday trading session.
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-26 PDF
The EZCORP stock price fell by -4.42% on the last day (Friday, 26th Nov 2021) from $7.92 to $7.57. and has now fallen 3 days in a row. During the day the stock fluctuated 5.59% from a day low at $7.34 to a day high of $7.75. The price has been going up and down for this period, and there has been a -5.73% loss for the last 2 weeks. Volume has increased on the last day by 122 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, 346 thousand shares were bought and sold for approximately $2.62 million.
Given the current short-term trend, the stock is expected to rise 16.9% during the next 3 months and, with a 90% probability hold a price between $8.85 and $10.26 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 EZCORP 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 $8.05 and $7.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 18, 2021, and so far it has fallen -12.79%. 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
On the downside, the stock finds support just below today's level from accumulated volume at $7.11 and $7.08. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EZCORP finds support just below today's level at $7.11. If this is broken, then the next support from accumulated volume will be at $7.08 and $6.89.
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 $0.41 between high and low, or 5.59%. For the last week, the stock has had a daily average volatility of 3.86%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is EZCORP stock A Buy?
The EZCORP stock holds several negative signals and despite the positive trend, we believe EZCORP will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Strong Sell candidate.
Current score: -5.744
Predicted Opening Price for EZCORP of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Sep 15, 2021 "Oppenheimer" gave "" rating for EZPW. The price target was changed from $6.75 to 0.4%.
EZPW Insider Trading
|Nov 17, 2021||Sell||31 931||Welch Thomas H Jr||Restricted Stock Units|
|Nov 17, 2021||Sell||11 927||Welch Thomas H Jr||Class A Non-Voting Common Stock|
|Nov 17, 2021||Buy||31 931||Welch Thomas H Jr||Class A Non-Voting Common Stock|
|Nov 17, 2021||Sell||13 158||Robertson Keith John||Restricted Stock Units|
|Nov 17, 2021||Sell||3 204||Robertson Keith John||Class A Non-Voting Common Stock|
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