Everbridge Inc Stock Forecast
Everbridge Inc stock downgraded to Sell Candidate
(Updated on Apr 19, 2024)
No changes to the price of Everbridge Inc stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 0.0287% from a day low at $34.87 to a day high of $34.88. The price has been going up and down for this period, and there has been a 0.09% gain for the last 2 weeks.
The stock lies in the lower part of a 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 $34.81 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 48.35% during the next 3 months and, with a 90% probability hold a price between $51.64 and $63.88 at the end of this 3-month period.
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EVBG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Everbridge Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $34.90. On a fall, the stock will find some support from the short-term average at $34.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -1.99%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Everbridge Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $28.20 and $28.18. 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, Everbridge Inc finds support just below today's level at $28.20. If this is broken, then the next support from accumulated volume will be at $28.18 and $28.17.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0100 between high and low, or 0.0287%. For the last week the stock has had daily average volatility of 0.100%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVBG) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Everbridge Inc to open at $34.88, and during the day (based on 14 day Average True Range), to move between $34.75 and $35.01, which gives a possible trading interval of +/-$0.133 (+/-0.38%) up or down from last closing price. If Everbridge Inc takes out the full calculated possible swing range there will be an estimated 0.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.29 (1.18%) than the support at $28.20 (19.15%), 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 Everbridge Inc stock A Buy?
Everbridge Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Sell candidate.
Current score: -3.004 Sell Candidate Downgraded
Predicted Opening Price for Everbridge Inc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$34.88 ( 0.0096%) | $34.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVBG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.89 | 0.0191 % | |
R2 | 34.88 | 0.0082 % | ||
R1 | 34.88 | 0.0014 % | ||
Current price: | 34.88 | |||
Support | S1 | 34.87 | -0.0205 % | |
S2 | 34.87 | -0.0273 % | ||
S3 | 34.87 | -0.0382 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.59 | 2.04 % | |
R2 | 35.57 | 1.98 % | ||
R1 | 35.29 | 1.18 % | ||
Current price | 34.88 | |||
Support | S1 | 28.20 | -19.15% | |
S2 | 28.18 | -19.21% | ||
S3 | 28.17 | -19.24% |
FAQ
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