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$105.07 (-1.33%)

Volume: 38k

Closed: Dec 03, 2021

Hollow Logo Score: -1.217

ePlus inc. Stock Forecast

$105.07 (-1.33%)

Volume: 38k

Closed: Dec 03, 2021

Score Hollow Logo -1.217
Which way will PLUS go? Request
Key Stats
P/E Ratio 15.41
Beta 1.33
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The ePlus inc. stock currently holds an RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

ePlus inc. stock price ended on $105.07 on Friday after losing 1.33%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-26 Loss -5.37%

The ePlus inc. stock price fell by -1.33% on the last day (Friday, 3rd Dec 2021) from $106.49 to $105.07. During the day the stock fluctuated 5.95% from a day low at $103.32 to a day high of $109.47. The price has fallen in 6 of the last 10 days and is down by -8.68% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 38 thousand shares were bought and sold for approximately $4.00 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $103.40 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.16% during the next 3 months and, with a 90% probability hold a price between $113.91 and $144.50 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 2.00%. 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 ePlus 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 $108.04 and $113.28. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

ePlus inc. finds support from accumulated volume at $103.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $6.15 between high and low, or 5.95%. For the last week, the stock has had a daily average volatility of 4.68%.

ePlus inc. is oversold on RSI14 (23). 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 an negative evaluation for this stock. No stop-loss is set.

Is ePlus inc. stock A Buy?

The ePlus inc. stock holds several negative signals and despite the positive trend, we believe ePlus inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.217

Predicted Opening Price for ePlus inc. of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$105.95 $105.07 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Aug 05, 2021 "Sidoti" gave "" rating for PLUS. The price target was set to $95.50+3.9%.

Volatility and Risk
Daily Average Volatility: 4.68 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.68 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $106.49
Price: $105.07
Support: $103.09

PLUS Insider Trading Show all Trades

INSIDER POWER

1.025

Last 100 transactions
Buy: 119 026 | Sell: 116 143 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Sell 400 Callies John E Common Stock
Oct 15, 2021 Sell 64 Marion Elaine D Common Stock
Oct 15, 2021 Sell 1 420 Marion Elaine D Common Stock
Oct 15, 2021 Sell 1 516 Marion Elaine D Common Stock
Oct 04, 2021 Sell 391 Raiguel Darren S Common Stock
Show all Insider Trades
INSIDER POWER

1.025

Last 100 transactions
Buy: 119 026 | Sell: 116 143 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 112.11 6.70 %
109.76 4.46 %
108.30 3.08 %
Current price: 105.07
Support 103.60 -1.40 %
102.15 -2.78 %
99.80 -5.01 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 128.05 21.87 %
115.38 9.81 %
106.49 1.35 %
Current price 105.07
Support 103.09 -1.88%
103.01 -1.96%
102.51 -2.44%

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About ePlus inc.

ePlus ePlus inc., through its subsidiaries, provides information technology (IT) products and services, flexible leasing and financing solutions, and enterprise supply management in the United States. It operates through two segments, Technology and Financing. The Technology segment sells IT products, including hardware, software, maintenance, software assurance, and services; and offers advanced professional and managed services, such as data center s... Read more

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