Evercore Partners Inc Stock Forecast
Evercore Partners Inc stock downgraded to Sell Candidate
(Updated on Apr 24, 2024)
The Evercore Partners Inc stock price fell by -4.85% on the last day (Wednesday, 24th Apr 2024) from $196.10 to $186.59. During the last trading day the stock fluctuated 9.20% from a day low at $175.24 to a day high of $191.36. The price has been going up and down for this period, and there has been a -2.51% loss for the last 2 weeks. Volume has increased on the last day by 796 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, 1 million shares were bought and sold for approximately $244.27 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $186.36 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 9.27% during the next 3 months and, with a 90% probability hold a price between $203.63 and $224.36 at the end of this 3-month period.
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EVR Signals & Forecast
There are few to no technical positive signals at the moment. The Evercore Partners 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 $188.08 and $191.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -4.96%. 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 Evercore Partners Inc stock
Evercore Partners Inc finds support from accumulated volume at $180.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $16.12 between high and low, or 9.20%. For the last week the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EVR) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Evercore Partners Inc to open at $184.40, and during the day (based on 14 day Average True Range), to move between $180.90 and $192.28, which gives a possible trading interval of +/-$5.69 (+/-3.05%) up or down from last closing price. If Evercore Partners Inc takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $192.08 (2.94%) than the support at $180.50 (3.26%), 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 Evercore Partners Inc stock A Buy?
The Evercore Partners Inc stock holds several negative signals and despite the positive trend, we believe Evercore Partners Inc will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.320 Sell Candidate Downgraded
Predicted Opening Price for Evercore Partners Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $184.40 ( 1.18%) | $186.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.52 | 7.46 % | |
| R2 | 194.36 | 4.16 % | ||
| R1 | 190.55 | 2.12 % | ||
| Current price: | 186.59 | |||
| Support | S1 | 178.24 | -4.48 % | |
| S2 | 174.43 | -6.51 % | ||
| S3 | 168.28 | -9.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 196.33 | 5.22 % | |
| R2 | 193.55 | 3.73 % | ||
| R1 | 192.08 | 2.94 % | ||
| Current price | 186.59 | |||
| Support | S1 | 180.50 | -3.26% | |
| S2 | 175.88 | -5.74% | ||
| S3 | 172.25 | -7.69% |
EVR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.760 | 0.387% |
| 2 | Oct 24, 2023 | Nov 22, 2023 | Dec 08, 2023 | $0.760 | 0.491% |
| 3 | Jul 25, 2023 | Aug 24, 2023 | Sep 08, 2023 | $0.760 | 0.544% |
| 4 | Apr 26, 2023 | May 25, 2023 | Jun 09, 2023 | $0.760 | 0.631% |
| 5 | Jan 31, 2023 | Feb 23, 2023 | Mar 10, 2023 | $0.720 | 0.607% |
FAQ
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