Medpace Holdings Inc Stock Forecast
Medpace Holdings Inc stock price down 2.12% on Thursday
(Updated on Apr 18, 2024)
The Medpace Holdings Inc stock price fell by -2.12% on the last day (Thursday, 18th Apr 2024) from $382.44 to $374.32. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.28% from a day low at $373.99 to a day high of $386.24. The price has fallen in 7 of the last 10 days and is down by -3.82% for this period. Volume has increased on the last day by 16 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, 220 thousand shares were bought and sold for approximately $82.31 million.
Given the current short-term trend, the stock is expected to rise 33.41% during the next 3 months and, with a 90% probability hold a price between $499.39 and $597.24 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MEDP Signals & Forecast
There are few to no technical positive signals at the moment. The Medpace Holdings 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 $389.14 and $399.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -9.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Medpace Holdings Inc stock
Medpace Holdings Inc finds support from accumulated volume at $364.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $12.25 (3.28%) between high and low. 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 (MEDP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Medpace Holdings Inc to open at $378.18, and during the day (based on 14 day Average True Range), to move between $363.89 and $384.75, which gives a possible trading interval of +/-$10.43 (+/-2.79%) up or down from last closing price. If Medpace Holdings Inc takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $364.10 (2.73%) than the resistance at $389.80 (4.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Medpace Holdings Inc will release earnings AMC on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.45. We will update the financials statements for Medpace Holdings Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.49% in the first trading day after earnings release.
Is Medpace Holdings Inc stock A Buy?
The Medpace Holdings Inc stock holds several negative signals and despite the positive trend, we believe Medpace Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.226 Sell Candidate Unchanged
Predicted Opening Price for Medpace Holdings Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $378.18 ( 1.03%) | $374.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEDP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 390.43 | 4.30 % | |
| R2 | 385.75 | 3.05 % | ||
| R1 | 382.86 | 2.28 % | ||
| Current price: | 374.32 | |||
| Support | S1 | 373.50 | -0.218 % | |
| S2 | 370.61 | -0.99 % | ||
| S3 | 365.93 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 403.14 | 7.70 % | |
| R2 | 394.34 | 5.35 % | ||
| R1 | 389.80 | 4.14 % | ||
| Current price | 374.32 | |||
| Support | S1 | 364.10 | -2.73% | |
| S2 | 326.39 | -12.80% | ||
| S3 | 324.21 | -13.39% |
FAQ
Click here for our free guide on how to buy Medpace Holdings Inc Stock.
