Express Inc Stock Forecast
High volatility in Express Inc stock price on Monday which ended trading at $0.83
(Updated on Apr 22, 2024)
The Express Inc stock price gained 18.57% on the last trading day (Monday, 22nd Apr 2024), rising from $0.700 to $0.83. During the last trading day the stock fluctuated 176.66% from a day low at $0.350 to a day high of $0.97. The price has risen in 6 of the last 10 days and is up by 17.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 422 thousand more shares were traded than the day before. In total, 444 thousand shares were bought and sold for approximately $368.62 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EXPR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 26.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Express Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Express 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 $1.21. On a fall, the stock will find some support from the short-term average at $0.761. 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.
Support, Risk & Stop-loss for Express Inc stock
Express Inc finds support from accumulated volume at $0.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.618 between high and low, or 176.66%. For the last week, the stock has had daily average volatility of 41.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EXPR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Express Inc to open at $0.716, and during the day (based on 14 day Average True Range), to move between $0.597 and $1.06, which gives a possible trading interval of +/-$0.233 (+/-28.11%) up or down from last closing price. If Express Inc takes out the full calculated possible swing range there will be an estimated 56.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.82 (1.20%) than the resistance at $0.90 (8.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Express Inc stock A Buy?
Express 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.
Current score: -1.338 Sell Candidate Unchanged
Predicted Opening Price for Express Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.716 ( 13.72%) | $0.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXPR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.33 | 60.77 % | |
| R2 | 1.10 | 32.31 % | ||
| R1 | 0.95 | 14.73 % | ||
| Current price: | 0.83 | |||
| Support | S1 | 0.480 | -42.18 % | |
| S2 | 0.334 | -59.76 % | ||
| S3 | 0.0978 | -88.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.90 | 8.43 % | ||
| Current price | 0.83 | |||
| Support | S1 | 0.82 | -1.20% | |
| S2 | 0.665 | -19.88% | ||
| S3 | 0.655 | -21.08% |
EXPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 02, 2010 | Dec 14, 2010 | Dec 23, 2010 | $0.560 | 0.152% |
FAQ
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