Smith (AO) Corporation Stock Forecast
Smith (AO) Corporation stock price up 0.687% on Thursday
(Updated on Mar 28, 2024)
The Smith (AO) Corporation stock price gained 0.687% on the last trading day (Thursday, 28th Mar 2024), rising from $88.85 to $89.46. During the last trading day the stock fluctuated 1.01% from a day low at $88.73 to a day high of $89.62. The price has risen in 6 of the last 10 days and is up by 3.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 347 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $89.79 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $90.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.08% during the next 3 months and, with a 90% probability hold a price between $91.72 and $100.66 at the end of this 3-month period.
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AOS Signals & Forecast
The Smith (AO) Corporation 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 $88.72 and $84.27. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.467%. 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).
Support, Risk & Stop-loss for Smith (AO) Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $79.84 and $79.72. 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, Smith (AO) Corporation finds support just below today's level at $79.84. If this is broken, then the next support from accumulated volume will be at $79.72 and $77.61.
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 $0.90 (1.01%) between high and low. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: $86.04 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AOS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Smith (AO) Corporation to open at $89.27, and during the day (based on 14 day Average True Range), to move between $88.08 and $90.84, which gives a possible trading interval of +/-$1.38 (+/-1.54%) up or down from last closing price. If Smith (AO) Corporation takes out the full calculated possible swing range there will be an estimated 3.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $89.88 (0.47%) than the support at $79.84 (10.75%), 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 Smith (AO) Corporation 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 Smith (AO) Corporation stock to perform well in the short-term.
Current score: 4.390 Buy Candidate Unchanged
Predicted Opening Price for Smith (AO) Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$89.27 ( 0.214%) | $89.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 90.16 | 0.786 % | |
R2 | 89.82 | 0.404 % | ||
R1 | 89.61 | 0.168 % | ||
Current price: | 89.46 | |||
Support | S1 | 88.93 | -0.596 % | |
S2 | 88.72 | -0.83 % | ||
S3 | 88.37 | -1.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 89.88 | 0.469 % | ||
Current price | 89.46 | |||
Support | S1 | 79.84 | -10.75% | |
S2 | 79.72 | -10.89% | ||
S3 | 77.61 | -13.25% |
AOS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 16, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.320 | 0.395% |
2 | Jan 16, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.320 | 0.395% |
3 | Oct 09, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.320 | 0.427% |
4 | Jul 27, 2023 | Aug 14, 2023 | Aug 15, 2023 | $0.300 | 0.424% |
5 | Jul 28, 2023 | Jul 28, 2023 | Aug 15, 2023 | $0.300 | 0.424% |
FAQ
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