Exponent Forecast and Stock Analysis
Technical EXPO stock analysis for Wednesday May 22, 2019.
|Price to book||USD 9.09|
|Next Earnings Date||2019-07-15|
Exponent fell by -0.57% in the last day ( Wednesday, 22nd May 2019 ) from $57.64 to $57.31 During day the stock fluctuated 1.38% from a day low at $57.11 to a day high of $57.90. The price has risen in 7 of the last 10 days and is up by 3.99% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -83 100 shares and in total 104 927 shares bought and sold for approximately $6.01 million.
- 30 day high of the EXPO stock price was $59.80 and low was $54.38.
- 90 day high was $59.80 and low was $54.38.
- 52 week high for the Exponent - $105.03 and low - $44.44.
Exponent is the upper part of a narrow and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $57.65 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Exponent with 90% probability to be traded between $54.37 and $57.08 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Exponent holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $56.44 and $56.36. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Exponent finds support from accumulated volume at $57.25.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.79 (1.38%) between high and low. For the last week, the stock has had a daily average volatility of 2.06%.
Our recommended stoploss: $54.87 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
2.06 %Average volatility
Very Low Low Medium High Very High
Exponent holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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|EXPO $57.31 ($-0.33 -0.57%)|
EXPO is down $0.33 today, but where's it headed in 2019?
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