EXE +3.1%, Breakout Level in Sight
$EXPAND ENERGY CORPORATION(EXE)$
EXE Rallied +3.09%: Rebound Momentum Builds, Eyes $118 Breakout
Latest Close Data
Closed at $111.17 on 12/24, up +3.09%. Price remains ~12.2% below its 52-week high of $126.62.
Core Market Drivers
Strong performance is supported by stable energy prices and robust institutional holding from major firms like Vanguard and BlackRock.
Recent capital flow data shows mixed sentiment with notable net outflows on some days.
Technical Analysis
Volume was 2.41M shares (Volume Ratio: 0.60), indicating below-average participation.
The MACD histogram improved to -2.34 (DIF: -1.43, DEA: -0.26), showing bearish momentum is decelerating.
The 6-day RSI jumped to 49.34, recovering from near-oversold levels, signaling a potential shift in short-term momentum.
Key Price Levels
Primary Support: $107.91 (Recent swing low).
Strong Resistance: $118.61 (Key technical hurdle).
Immediate Pivot: ~$111.50 (Today's high, near-term breakout point).
Valuation Perspective
Forward P/E is 18.75, significantly below its historical average of 33.00 and well under the +1 Std. Dev. of 65.66, suggesting the stock may be undervalued relative to its own history.
Analyst Targets
27 analysts cover EXE with an average price target of $133.48 (+20% upside). Sentiment is bullish with 10 Strong Buy, 16 Buy, and 3 Hold ratings.
Weekly Outlook
Expect consolidation between $108 and $118. A sustained break above $118.61 could target the $126-$133 zone. A fall below $107.91 may see a retest of support near $104.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Past performance does not guarantee future results. Investing involves risk, including potential loss of principal.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
