EAGLE MATERIALS INC (EXP) Stock Technical Analysis
NYSE:EXP • US26969P1084
Overall EXP gets a technical rating of 7 out of 10. EXP has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- EXP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EXP is lagging the market slightly.
- In the last month EXP has a been trading in the 203.13 - 238.74 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, EXP turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- EXP is an average performer in the Construction Materials industry, it outperforms 41% of 13 stocks in the same industry.
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 239.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 226.66, a Stop Loss order could be placed below this zone.
More info and screens
195.93
We found 3 important support areas.
- A support zone ranging from 222.75 to 226.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 202.05 to 206.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @197.91 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 239.93 to 242.27. 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 | NEUTRAL | NEUTRAL | The long term trend for EXP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EXP is up. |
| ChartMill Relative Strength | 58.18 | 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) | UP | POSITIVE | The current price of EXP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.56 | NEUTRAL | The RSI value for EXP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.11 | POSITIVE | The MACD value suggests EXP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.3 | OVERBOUGHT | The high Stochastics value suggests EXP may be overbought. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for EXP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.04 | NEGATIVE | The low ADX value for EXP suggests a weak or negative 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 |
|---|---|---|---|
| 242.28 | 223.18 | 19.10 (7.88%) | 12.68% |
| An entry @242.28. This is a Buy Stop order right above the resistance zone. | An exit @223.18. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 19.10 points, which is 7.88%. | When investing 12.68% 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.
235.3
+0.9 (+0.38%)
EAGLE MATERIALS INC / EXP FAQ
What is the ChartMill technical rating of EAGLE MATERIALS INC (EXP) stock?
ChartMill assigns a technical rating of 7 / 10 to EXP.
What is the trend direction for EXP stock?
The current trend direction for EAGLE MATERIALS INC (EXP) is Bearish.
What is the RSI signal for EAGLE MATERIALS INC (EXP) stock?
EAGLE MATERIALS INC (EXP) has an RSI value of 59.5613. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EAGLE MATERIALS INC?
The MACD indicator for EAGLE MATERIALS INC (EXP) has a value of 1.10737, indicating a bullish trend.
What is the short term momentum for EXP stock?
The short term momentum for EAGLE MATERIALS INC (EXP) is positive.