EFX: Equifax stock's price is in the process of bottoming
• EFX is in the process of bottoming after more than 50% decline
EFX stock’s price has fallen almost 51% from Dec 2021 peak. Recently it has bounced back from a key zone between 147 and 162 which suggests that stock’s price is bottoming out.
• Q4 2022 Oversold zone is a range between 146 and 157
• Q4 2022 Overbought zone is seen between 199 and 203
Price is likely to remain volatile between a wide range between 146 and 203.
• Opportunity to buy dip around 157
If we assume that stock has bottomed, any price weakness could create an opportunity to buy dip. Support zone would be the area between 146 and 157. Equifax stock is likely to stay withing a wide trading range between 146 and 203 (40%) by the end of Dec 2022.
EFX stock’s price has fallen almost 51% from Dec 2021 peak. Recently it has bounced back from a key zone between 147 and 162 which suggests that stock’s price is bottoming out.
• Q4 2022 Oversold zone is a range between 146 and 157
• Q4 2022 Overbought zone is seen between 199 and 203
Price is likely to remain volatile between a wide range between 146 and 203.
• Opportunity to buy dip around 157
If we assume that stock has bottomed, any price weakness could create an opportunity to buy dip. Support zone would be the area between 146 and 157. Equifax stock is likely to stay withing a wide trading range between 146 and 203 (40%) by the end of Dec 2022.