EAGLE MATERIALS INC (EXP) Stock Technical Analysis
NYSE:EXP - New York Stock Exchange, Inc. - US26969P1084 - Common Stock - Currency: USD
Overall EXP gets a technical rating of 0 out of 10. EXP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
80% of all other stocks performed better in the past year than EXP.
EXP is one of the lesser performing stocks in the Construction Materials industry. 63% of 12 stocks in the same industry do better.
EXP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
EXP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, EXP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 198.16, a Stop Loss order could be placed below this zone.
More info and screens
195.92
237.55
When analyzing the support we notice one important area.
- A support zone ranging from 197.90 to 198.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 198.18 to 203.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @228.02 from a trend line in the weekly time frame.
- A resistance zone ranging from 232.01 to 235.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for EXP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EXP is down. |
| ChartMill Relative Strength | 20.72 | NEGATIVE | EXP has a low relative strength, it was outperformed by 79.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EXP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EXP is below a declining 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) | 35.56 | NEUTRAL | The RSI value for EXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.91 | NEGATIVE | The MACD value suggests EXP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.11 | OVERSOLD | The low Stochastics value suggests EXP may be oversold. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for EXP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.66 | POSITIVE | The high ADX value value for EXP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
198.17
-5.38 (-2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryConstruction Materials
Performance
% Chg-2.64%
1 Week-1.38%
2 Weeks-2.52%
1 Month-16.72%
3 Month-7.1%
6 Month-27.5%
12 Month-12.54%
2 Year6.3%
3 Year80.25%
5 Year182.21%
10 Year159.62%
15 Year664.25%
Volatility
ATR(14)6.46
ATR(20)%3.62%
ATR Inc-10.38%
Range Today8.25
ADR(20)6.67
ADR(20)%3.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.72
Mansfield-2.41
10 Day High206.56
10 Day Low195.8
20 Day High243
20 Day Low195.8
52 Week High321.93
52 Week Low195.8
CS1 End198.16
CR1 Start198.18
Volume & EV
DER(3)-2.52%
DER(5)-1.43%
Volume422.80K
Volume Incr-10.4%
Vol(5)417.79K
Vol(50)434.45K