RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AYI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Wednesday for Acuity Brands Inc stock after losing 0.0933%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 10, 2023 Gain 52.44% PDF

The Acuity Brands Inc stock price fell by -0.0933% on the last day (Wednesday, 27th Mar 2024) from $267.84 to $267.59. During the last trading day the stock fluctuated 1.50% from a day low at $266.87 to a day high of $270.86. The price has risen in 6 of the last 10 days and is up by 3.93% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -101 thousand shares and in total, 211 thousand shares were bought and sold for approximately $56.35 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.06% during the next 3 months and, with a 90% probability hold a price between $325.89 and $346.94 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AYI Signals & Forecast

The Acuity Brands Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $266.86 and $252.40. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.617%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, September 14, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, September 14, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Acuity Brands Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $228.00 and $204.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Acuity Brands Inc finds support just below today's level at $228.00. If this is broken, then the next support from accumulated volume will be at $204.52 and $201.21.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.99 (1.50%) between high and low. For the last week, the stock has had daily average volatility of 1.15%.

Our recommended stop-loss: $257.43 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AYI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Acuity Brands Inc to open at $268.44, and during the day (based on 14 day Average True Range), to move between $263.33 and $271.85, which gives a possible trading interval of +/-$4.26 (+/-1.59%) up or down from last closing price. If Acuity Brands Inc takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $267.84 (0.09%) than the support at $228.00 (14.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Acuity Brands Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Acuity Brands Inc stock to perform well in the short-term.

Current score: 1.835 Buy Candidate Unchanged

Predicted Opening Price for Acuity Brands Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$268.44 ( 0.318%) $267.59

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AYI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 272.43 1.81 %
R2 270.91 1.24 %
R1 269.96 0.89 %
Current price: 267.59
Support S1 266.92 -0.252 %
S2 265.97 -0.604 %
S3 264.45 -1.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 269.25 0.620 %
R2 267.93 0.127 %
R1 267.84 0.0934 %
Current price 267.59
Support S1 228.00 -14.80%
S2 204.52 -23.57%
S3 201.21 -24.81%

AYI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 25, 2024 Feb 02, 2024 Feb 14, 2024 $0.150 0.0618%
2 Sep 28, 2023 Oct 17, 2023 Nov 01, 2023 $0.130 0.0801%
3 Jun 28, 2023 Jul 17, 2023 Aug 01, 2023 $0.130 0.0782%
4 Mar 30, 2023 Apr 14, 2023 Aug 01, 2023 $0.130 0.0782%
5 Jan 26, 2023 Feb 03, 2023 Feb 14, 2023 $0.130 0.0675%

FAQ

What is the symbol for Acuity Brands Inc Stock and on which exchange is it traded?
The symbol for Acuity Brands Inc is AYI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Acuity Brands Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Acuity Brands Inc stock to perform well in the short-term.

How to buy Acuity Brands Inc Stock?
Acuity Brands Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Acuity Brands Inc Stock.

What's the current price of Acuity Brands Inc Stock?
As of the end of day on the 2024-03-27, the price of an Acuity Brands Inc (AYI) share was $267.59.

What is the 52-week high and low for Acuity Brands Inc Stock?
The 52-week high for Acuity Brands Inc Stock is $270.86 and the 52-week low is $149.30.

What is the market capitalization of Acuity Brands Inc Stock?
As of the 2024-03-27, the market capitalization of Acuity Brands Inc is 8.246B.

When is the next earnings date for Acuity Brands Inc?
The upcoming earnings date for Acuity Brands Inc is Apr 02, 2024.
Click to get the best stock tips daily for free!

About Acuity Brands Inc

Acuity Brands Acuity Brands, Inc. provides lighting and building management solutions in North America and internationally. The company operates through two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the Lithonia Lighting, Ho... AYI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT