SLP earnings today will likely move price what direction and how much % a move?

Here is the analysis for Simulations Plus (SLP) earnings on July 2, 2024: 1. **Earnings Expectations**: Wall Street analysts expect Simulations Plus to report an earnings per share (EPS) of $0.150, which is a year-over-year decline from the previous year's EPS of $0.200. This suggests a potential downside risk for the stock price. 2. **Revenue Expectations**: Analysts also expect a 10.41% increase in sales over the previous year's quarter, which could indicate a positive outlook for the company's revenue growth. 3. **Recent Performance**: The stock has shown a slight increase of 0.9% on July 2, 2024, with a closing price of $46.53. The 5-day moving average is $47.32, the 10-day moving average is $47.45, and the 50-day moving average is $47.68. These moving averages can act as support levels, and the stock is currently trading above them. 4. **Technical Indicators**: - The Moving Average Convergence Divergence (MACD) is -0.19, which could indicate a potential downward momentum. - The Relative Strength Index (RSI) is 34.13, which is considered oversold and could suggest a potential rebound. - The KDJ indicator is 27.38, also indicating oversold conditions. |Ticker|Name|Closing Price|Date|code|market_code| |---|---|---|---|---|---| |SLP.O|Simulations Plus|46.5688|20240702|SLP|186| |Ticker|Name|50-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---| |SLP.O|Simulations Plus|47.6834|20240702|SLP|186| 5. **Analyst Ratings and Price Target**: The average price target for SLP is $62.50, with a high forecast of $62.48 and a low forecast of $51.00. This suggests a potential upside from the current price level. 6. **Market Sentiment**: The Fear & Greed Index is 39 (Fear), indicating that investors may be cautious or fearful about the stock's future performance. 7. **Support and Resistance Levels**: The stock is currently trading near its support levels, which are the 5-day, 10-day, and 50-day moving averages. Breaking below these levels could indicate a potential downward trend. The resistance level is the 100-day moving average, which is $45.43. **Conclusion**: Based on the analyst expectations, recent performance, and technical indicators, there are mixed signals for SLP's earnings impact on the stock price. The potential year-over-year decline in EPS could lead to a negative reaction from investors, while the positive revenue expectations and the average price target above the current price suggest an upside potential. The stock is currently trading above its short-term moving averages, which could act as support levels. However, breaking below these levels could indicate a potential downward trend. Investors should monitor the stock's performance closely during and after the earnings call to assess the market's reaction and make informed investment decisions.