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eXp World Holdings (EXPI) Just Reclaimed the 20-Day Moving Average

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eXp World Holdings (EXPI) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, EXPI crossed above the 20-day moving average, suggesting a short-term bullish trend.

The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving averages.

Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.

Moving Average Chart for EXPI
Moving Average Chart for EXPI

EXPI has rallied 8.2% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests EXPI could be on the verge of another move higher.

Looking at EXPI's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 1 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.

Investors should think about putting EXPI on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.


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