EAGLE MATERIALS INC (EXP) Stock Technical Analysis
NYSE:EXP - US26969P1084 - Common Stock
Overall EXP gets a technical rating of 8 out of 10. Although EXP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
EXP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 237.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 235.52, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
200.17
When analyzing the support we can see 3 important areas.
- A support zone ranging from 224.82 to 235.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @211.86 from a horizontal line in the daily time frame.
- Support @202.19 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 237.03 to 241.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EXP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EXP is up. |
| ChartMill Relative Strength | 47.53 | NEUTRAL | EXP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EXP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EXP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EXP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.17 | NEUTRAL | The RSI value for EXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests EXP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.49 | NEUTRAL | The Stochastics value for EXP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for EXP suggests some volalility. |
| Average Directional Index/ADX (14) | 24.84 | NEUTRAL | The ADX value for EXP suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 241.97 | 224.81 | 17.16 (7.09%) | 14.10% |
| An entry @241.97. This is a Buy Stop order right above the resistance zone. | An exit @224.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.16 points, which is 7.09%. | When investing 14.10% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
235.53
-1.65 (-0.7%)