Emerald Expositions Events Inc Stock Forecast

Emerald Expositions Events Inc stock downgraded to Hold/Accumulate
(Updated on Apr 18, 2024)

EEX Signals & Forecast

There are few to no technical positive signals at the moment. The Emerald Expositions Events Inc 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 $6.23 and $6.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -11.90%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Emerald Expositions Events Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.71 and $5.70. 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, Emerald Expositions Events Inc finds support just below today's level at $5.71. If this is broken, then the next support from accumulated volume will be at $5.70 and $5.36.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.345 between high and low, or 5.77%. For the last week the stock has had daily average volatility of 6.05%.

Emerald Expositions Events 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: $5.72 (-5.73%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (EEX) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Emerald Expositions Events Inc to open at $6.12, and during the day (based on 14 day Average True Range), to move between $5.78 and $6.36, which gives a possible trading interval of +/-$0.286 (+/-4.72%) up or down from last closing price. If Emerald Expositions Events Inc takes out the full calculated possible swing range there will be an estimated 9.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.14 (1.15%) than the support at $5.71 (5.93%), 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 Emerald Expositions Events Inc stock A Buy?

Emerald Expositions Events Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.244 Hold/Accumulate Downgraded

Predicted Opening Price for Emerald Expositions Events Inc of Friday, April 19, 2024

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