Eagle Materials, Inc. | EXP

Daily Technical Analysis of Eagle Materials, Inc.

Eagle Materials is up a bit on the day, funds flowing in kept the price up 1.70% since yesterday.

The Building Materials company isn't at an immediate support or resistance level that might be predictive. Eagle Materials has looked pretty good over the last few months. It has definitely cuaght a bid and had a nice run. Over the last 3 months, shareholders are no doubt pleased to see a 21.96 percent return. EXP may hit some resistance around the 230.92 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-11-13

Analyst Ratings for Eagle Materials By Price Target And Rating

The analysts feel fairly neutral on the prospects for Eagle Materials but a little more positive than negative. The current Analysts Sentiment Score is 12.34. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-16 The Goldman Sachs Group increased their price target by 14.71% to $273.00. On 2024-04-15 Stifel Nicolaus increased their price target by 20% to $300.00. On 2024-04-05 Citigroup increased their price target by 27.46% to $311.00. Truist Financial decided to move up their price target on 2024-04-02 to $320.00 which is a 10.34% increase. JPMorgan Chase & Co. provided a price target boost of 32.5% to $265.00 from $200.00 on 2024-03-22. Raymond James gave a boost to their price target and moved to $230.00 from $170.00 on 2024-01-29. On 2024-01-08 there was an upgrade provided by Loop Capital from Hold to Buy and moved up their price target to $240.00 which is a 41.18% increase. Stephens reiterated a rating of Overweight on 2023-08-21 and they set their price target at $230.00. On 2023-07-13 Jefferies Financial Group increased their price target by 15.9% to $226.00. DA Davidson provided a price target boost of 25% to $175.00 from $140.00 on 2023-05-22.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
EXP	12.34	3.45	0	21.23	0

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-13)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
EXP	0.00	0.00

Short interest for Eagle Materials

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
EXP	1.72	%2.3	2.6	-43.956	790600

How Eagle Materials compares to the broader Basic Materials sector and the more specific Building Materials industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Building Materials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	26	1.95	4.05	8.03	15.93	19.23	57.19	65.96	41.72	21.15	34.27	-2966.38	-23498.73	23.08	0.00	3.72	4.25
Basic Materials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	128	0.89	3.00	3.44	8.23	3.57	25.14	51.62	13.22	6.86	11.19	-11593.11	-12597.97	10.94	10.74	3.78	2.08

Social Sentiment for Eagle Materials

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
EXP

Companies with the highest correlation to Eagle Materials

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
VMC \| Vulcan Materials Company(	1.6	1.22	2.11	10.10	16.07	12.06	34.45	75	12.34	12.24	15.85	0.00	-30701.57	0	2.37885
SUM \| Summit Materials, Inc. Cl	1.43	0.98	6.47	13.21	27.56	33.14	47.98	57	24.02	18.90	21.84	0.00	-27583.58	100	3.86794
MLM \| Martin Marietta Materials	1.41	1.22	2.78	3.38	11.92	4.82	29.40	61	9.23	9.52	12.45	160.23	-28859.93	0	1.55315
TXT \| Textron, Inc.	1.4	1.69	2.45	2.53	-6.38	-2.39	8.92	70	0.01	1.40	2.89	-1596.91	-17660.32	0	2.47718
WCC \| Wesco International Inc.	1.4	1.18	3.19	16.95	26.90	13.12	35.96	66	16.33	9.63	10.00	-525.00	-19601.11	100	2.60798
EMN \| Eastman Chemical Company	1.37	1.92	1.52	-1.04	3.15	4.82	28.94	37	12.97	17.46	30.55	-2855.35	-16310.61	0	1.12457
CBT \| Cabot Corporation	1.36	1.56	1.42	0.09	4.99	9.41	42.40	51	106.43	51.35	71.58	-1336.60	-26749.05	0	1.94075
VSH \| Vishay Intertechnology, I	1.35	3.10	4.99	-10.83	-20.69	-32.91	-28.34	33	-123.59	-46.19	-43.74	-44239.31	0.00	0	11.2009

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