Technical Analysis
Based on the latest data, EXP is currently trading at $256.85 as of January 17, 2025, showing a positive momentum with a +0.95% gain . The stock's RSI(14) reading of 50.14 indicates a neutral momentum, neither overbought nor oversold.
Support and Resistance Levels
- Key Fibonacci levels :
- Resistance 3: $271.64
- Resistance 2: $261.75
- Resistance 1: $255.63
- Pivot: $245.73
- Support 1: $235.84
- Support 2: $229.72
- Support 3: $219.82
News Sentiment Analysis
Recent news indicates that Eagle Materials has entered oversold territory with an RSI of 28.6 in mid-December, suggesting a potential buying opportunity. The stock has experienced significant price fluctuations, ranging from highs of $315 to lows of $244.
Fundamental Outlook
The company is currently trading at a P/E ratio of 17.16x, below the industry average of 24.95x, suggesting undervaluation. Analysts expect modest earnings growth of 9.5%. The company has also made strategic acquisitions, including Bullskin Stone & Lime, LLC for $152.5 million, which should strengthen its network of quarries and cement plants.
Price Prediction for Next Week
Based on technical indicators and recent news:
- Bullish scenario (60% probability): Stock likely to test $261.75 (Fibonacci R2)
- Base scenario (30% probability): Consolidation between $255.63-$261.75
- Bearish scenario (10% probability): Pullback to $245.73 (Pivot)
Target Price: $261.75
Recommendation: BUY
The current price of $256.85 presents a favorable entry point given:
- Undervalued fundamentals compared to industry peers
- Strategic acquisitions enhancing growth potential
- Technical support at Fibonacci levels
- Positive momentum from recent oversold conditions
Technical Analysis
Based on the latest data, EXP is currently trading at $256.85 as of January 17, 2025, showing a positive momentum with a +0.95% gain . The stock's RSI(14) reading of 50.14 indicates a neutral momentum, neither overbought nor oversold.
Support and Resistance Levels
- Key Fibonacci levels :
- Resistance 3: $271.64
- Resistance 2: $261.75
- Resistance 1: $255.63
- Pivot: $245.73
- Support 1: $235.84
- Support 2: $229.72
- Support 3: $219.82
News Sentiment Analysis
Recent news indicates that Eagle Materials has entered oversold territory with an RSI of 28.6 in mid-December, suggesting a potential buying opportunity. The stock has experienced significant price fluctuations, ranging from highs of $315 to lows of $244.
Fundamental Outlook
The company is currently trading at a P/E ratio of 17.16x, below the industry average of 24.95x, suggesting undervaluation. Analysts expect modest earnings growth of 9.5%. The company has also made strategic acquisitions, including Bullskin Stone & Lime, LLC for $152.5 million, which should strengthen its network of quarries and cement plants.
Price Prediction for Next Week
Based on technical indicators and recent news:
- Bullish scenario (60% probability): Stock likely to test $261.75 (Fibonacci R2)
- Base scenario (30% probability): Consolidation between $255.63-$261.75
- Bearish scenario (10% probability): Pullback to $245.73 (Pivot)
Target Price: $261.75
Recommendation: BUY
The current price of $256.85 presents a favorable entry point given:
- Undervalued fundamentals compared to industry peers
- Strategic acquisitions enhancing growth potential
- Technical support at Fibonacci levels
- Positive momentum from recent oversold conditions