EZCORP Stock Forecast
EZCORP stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The EZCORP stock price gained 2.62% on the last trading day (Friday, 26th Apr 2024), rising from $11.07 to $11.36. During the last trading day the stock fluctuated 2.33% from a day low at $11.14 to a day high of $11.40. The price has been going up and down for this period, and there has been a 4.7% gain for the last 2 weeks. Volume fell on the last day by -118 thousand shares and in total, 393 thousand shares were bought and sold for approximately $4.47 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $11.55 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.82% during the next 3 months and, with a 90% probability hold a price between $11.53 and $13.26 at the end of this 3-month period.
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EZPW Signals & Forecast
The EZCORP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $11.25 and $10.90. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for EZCORP stock
On the downside, the stock finds support just below today's level from accumulated volume at $10.45 and $10.06. 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, EZCORP finds support just below today's level at $10.45. If this is broken, then the next support from accumulated volume will be at $10.06 and $9.59.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.260 (2.33%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: $10.93 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (EZPW) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect EZCORP to open at $11.30, and during the day (based on 14 day Average True Range), to move between $11.05 and $11.67, which gives a possible trading interval of +/-$0.310 (+/-2.73%) up or down from last closing price. If EZCORP takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.47 (0.97%) than the support at $10.45 (8.01%), 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.
Earnings coming up
EZCORP will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.240. We will update the financials statements for EZCORP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.49% in the first trading day after earnings release.
Is EZCORP 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 EZCORP 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: 3.094 Buy Candidate Upgraded
Predicted Opening Price for EZCORP of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $11.30 ( 0.528%) | $11.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EZPW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.56 | 1.76 % | |
| R2 | 11.46 | 0.89 % | ||
| R1 | 11.40 | 0.346 % | ||
| Current price: | 11.36 | |||
| Support | S1 | 11.20 | -1.40 % | |
| S2 | 11.14 | -1.94 % | ||
| S3 | 11.04 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 11.50 | 1.23 % | ||
| R1 | 11.47 | 0.97 % | ||
| Current price | 11.36 | |||
| Support | S1 | 10.45 | -8.01% | |
| S2 | 10.06 | -11.44% | ||
| S3 | 9.59 | -15.58% |
EZPW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2000 | Feb 04, 2000 | Feb 22, 2000 | $0.0043 | 0.281% |
| 2 | Nov 17, 1999 | Nov 29, 1999 | Dec 15, 1999 | $0.0043 | 0.345% |
| 3 | Jul 27, 1999 | Aug 06, 1999 | Aug 24, 1999 | $0.0043 | 0.242% |
| 4 | Apr 27, 1999 | May 07, 1999 | May 25, 1999 | $0.0040 | 0.157% |
| 5 | Jan 26, 1999 | Feb 05, 1999 | Feb 23, 1999 | $0.0040 | 0.155% |
FAQ
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