Medpace Holdings Inc Stock Forecast

Hold candidate since Jan 21, 2025

The Medpace Holdings Inc stock price gained 3.01% on the last trading day (Tuesday, 21st Jan 2025), rising from $337.35 to $347.52. 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 3.12% from a day low at $339.42 to a day high of $350.00. The price has risen in 8 of the last 10 days and is up by 2.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 205 thousand shares were bought and sold for approximately $71.09 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.46% during the next 3 months and, with a 90% probability hold a price between $328.43 and $386.05 at the end of this 3-month period.

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MEDP Signals & Forecast

The Medpace Holdings Inc 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 $341.53 and $342.02. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, January 08, 2025, and so far it has fallen -1.99%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, January 03, 2025 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Medpace Holdings Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $326.54 and $314.96. There is a 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, Medpace Holdings Inc finds support just below today's level at $326.54. If this is broken, then the next support from accumulated volume will be at $314.96 and $310.63.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $10.58 (3.12%) between high and low. For the last week, the stock has had daily average volatility of 3.20%.

Our recommended stop-loss: $332.10 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (MEDP) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Medpace Holdings Inc to open at $345.65, and during the day (based on 14 day Average True Range), to move between $337.12 and $357.92, which gives a possible trading interval of +/-$10.40 (+/-2.99%) up or down from last closing price. If Medpace Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $358.27 (3.09%) than the support at $326.54 (6.04%), 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 Medpace Holdings Inc stock A Buy?

Medpace Holdings Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.772 Hold/Accumulate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 22, 2025 - $345.65 ( 0.539%).