EGRX resistance levels
Next resistance areas above the price
Prices above the last close where EGRX made swing highs and turned lower before, nearest first.
| # | Area | Above close | What happened there | Volume |
|---|---|---|---|---|
| 1 | $4.85 to $4.95 | +30.1% 3.0 ATR | 2 swing highs: Aug 19, 2024 at $4.93, Sep 13, 2024 at $4.87 6 sessions traded up into it and closed below it; last traded in Sep 13, 2024 (11 sessions ago); last closed above it Aug 30, 2024. | 2.1% |
| 2 | $5.40 to $5.50 | +44.9% 4.5 ATR | 1 swing high: Aug 29, 2024 at $5.45 4 sessions traded up into it and closed below it; last traded in Aug 29, 2024 (21 sessions ago); last closed above it Jul 26, 2024. | 3.1% |
| 3 | $5.89 to $5.99 | +58.0% 5.8 ATR | 1 swing high: Jul 26, 2024 at $5.94 6 sessions traded up into it and closed below it; last traded in Jul 26, 2024 (45 sessions ago); last closed above it Jul 16, 2024. | 4.7% |
| 4 | $6.31 to $6.40 | +69.1% 6.9 ATR | 2 swing highs: Jul 9, 2024 at $6.37, Jul 17, 2024 at $6.34 2 sessions traded up into it and closed below it; last traded in Jul 17, 2024 (52 sessions ago). | 0.4% |
Showing 4 of 5: only 4 areas sit above the close in our data. We don’t fill the list with estimated levels.
For context, not areas: high since Jul 1, 2024 $6.37 · 50-day average $4.48 (averages move every day).
Built from 64 daily sessions, Jul 1, 2024 to Sep 30, 2024 (end-of-day data; our history starts Jul 1, 2024). A swing high is the highest high within 5 sessions on each side, so the last 5 sessions cannot form one yet. Swing highs within half an ATR of each other form one area (ATR $0.3718, the average daily range over 14 sessions). Volume share spreads each session’s volume evenly across its high-low range, so it is an approximation.
Formula pivots by timeframe
Arithmetic on each prior period’s high, low and close. No trading took place at these prices.
| Timeframe | S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Daily | $3.66 | $3.78 | $3.87 | $3.99 | $4.07 | $4.19 | $4.28 |
| Weekly | $3.29 | $3.51 | $3.73 | $3.95 | $4.17 | $4.39 | $4.61 |
| Monthly | $2.61 | $3.24 | $4.19 | $4.82 | $5.77 | $6.40 | $7.35 |
Every formula level vs the current price
| Price | Side | From |
|---|---|---|
| $2.61 | support | Monthly S3 |
| $3.24 | support | Monthly S2 |
| $3.29 | support | Weekly S3 |
| $3.50 | support | 52-week low |
| $3.51 | support | Weekly S2 |
| $3.66 | support | Daily S3 |
| $3.73 | resistance | Weekly S1 |
| $3.78 | resistance | Daily S2 |
| $3.87 | resistance | Daily S1 |
| $3.95 | resistance | Weekly Pivot |
| $3.99 | resistance | Daily Pivot |
| $4.07 | resistance | Daily R1 |
| $4.17 | resistance | Weekly R1 |
| $4.19 | resistance | Monthly S1 |
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EGRX resistance & support FAQ
What are EGRX's resistance levels?
As of Sep 30, 2024, the nearest resistance area above EGRX's $3.73 close is $4.85 to $4.95, 30.1% higher, where it made 2 swing highs. 4 areas sit above the close in our data; the table lists up to 25, nearest first.
How are the resistance areas found?
From the stock’s own daily trading since Jul 1, 2024, adjusted for splits. A swing high is the highest high within 5 sessions on each side; swing highs within half an average daily range (ATR) of each other form one area. Each area lists the dates it was made, how many sessions traded into it and closed below it, and the share of volume traded inside it. No score is blended from these.
Do these areas predict where price will stop?
No, and we tested it. On 136 stocks, price that reached the nearest area failed to close above it within 5 sessions 33.4% of the time (427 of 1277), against 33.3% at random bands of the same width (408 of 1227). That is no measurable difference. They describe where price turned before; they are not a forecast or a recommendation.
How are the pivots calculated?
Classic floor-trader pivots: the pivot point is the average of the prior period’s high, low and close, and the support and resistance rungs are symmetric multiples around it. They are arithmetic, so no trading took place at those prices.