EverQuote, Inc. Stock Forecast
EverQuote, Inc. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The EverQuote, Inc. stock price fell by -3.62% on the last day (Thursday, 18th Apr 2024) from $18.80 to $18.12. During the last trading day the stock fluctuated 6.42% from a day low at $17.92 to a day high of $19.07. The price has been going up and down for this period, and there has been a -3.51% loss for the last 2 weeks. 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 -188 thousand shares and in total, 651 thousand shares were bought and sold for approximately $11.79 million.
Given the current short-term trend, the stock is expected to rise 58.85% during the next 3 months and, with a 90% probability hold a price between $28.78 and $32.50 at the end of this 3-month period.
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EVER Signals & Forecast
The EverQuote, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $19.11. On a fall, the stock will find some support from the long-term average at approximately $17.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Friday, April 12, 2024, and so far it has fallen -9.26%. 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 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 for EverQuote, Inc. stock
EverQuote, Inc. finds support from accumulated volume at $17.63 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 $1.15 between high and low, or 6.42%. For the last week, the stock has had daily average volatility of 7.21%.
Our recommended stop-loss: $17.03 (-6.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (EVER) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect EverQuote, Inc. to open at $18.37, and during the day (based on 14 day Average True Range), to move between $17.06 and $19.18, which gives a possible trading interval of +/-$1.06 (+/-5.84%) up or down from last closing price. If EverQuote, Inc. takes out the full calculated possible swing range there will be an estimated 11.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.30 (0.99%) than the support at $17.63 (2.70%), 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 EverQuote, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EverQuote, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.975 Buy Candidate Upgraded
Predicted Opening Price for EverQuote, Inc. of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$18.37 ( 1.38%) | $18.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVER
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.52 | 7.73 % | |
R2 | 19.08 | 5.30 % | ||
R1 | 18.81 | 3.80 % | ||
Current price: | 18.12 | |||
Support | S1 | 17.93 | -1.04 % | |
S2 | 17.66 | -2.54 % | ||
S3 | 17.22 | -4.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.10 | 5.41 % | |
R2 | 18.78 | 3.64 % | ||
R1 | 18.30 | 0.99 % | ||
Current price | 18.12 | |||
Support | S1 | 17.63 | -2.70% | |
S2 | 17.14 | -5.41% | ||
S3 | 15.49 | -14.51% |
EVER Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 28, 2017 | May 09, 2017 | May 19, 2017 | $0.0600 | 0% |
2 | Jan 27, 2017 | Feb 09, 2017 | Feb 22, 2017 | $0.0600 | 0% |
3 | Oct 28, 2016 | Nov 08, 2016 | Nov 22, 2016 | $0.0600 | 0% |
4 | Jul 26, 2016 | Aug 09, 2016 | Aug 22, 2016 | $0.0600 | 0% |
5 | Apr 27, 2016 | May 09, 2016 | May 20, 2016 | $0.0600 | 0% |
FAQ
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