Apogee Enterprises Stock Forecast
Apogee Enterprises stock price up more than 7.16% on Tuesday
(Updated on Apr 23, 2024)
The Apogee Enterprises stock price gained 7.16% on the last trading day (Tuesday, 23rd Apr 2024), rising from $57.52 to $61.64. During the last trading day the stock fluctuated 8.56% from a day low at $57.51 to a day high of $62.43. The price has fallen in 7 of the last 10 days but is still up by 4.74% 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, 78 thousand more shares were traded than the day before. In total, 301 thousand shares were bought and sold for approximately $18.52 million.
The stock lies in the upper part of a wide and 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 $62.28 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 10.07% during the next 3 months and, with a 90% probability hold a price between $61.96 and $68.56 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.
APOG Signals & Forecast
The Apogee Enterprises stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $57.93 and $57.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.23%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Apogee Enterprises stock
Apogee Enterprises finds support from accumulated volume at $59.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $4.92 (8.56%) between high and low. For the last week, the stock has had daily average volatility of 4.70%.
Our recommended stop-loss: $59.26 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (APOG) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Apogee Enterprises to open at $60.53, and during the day (based on 14 day Average True Range), to move between $59.77 and $63.51, which gives a possible trading interval of +/-$1.87 (+/-3.04%) up or down from last closing price. If Apogee Enterprises takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $59.84, some $1.80 (2.92%) from the current price of $61.64, our system finds the risk reward attractive.
Is Apogee Enterprises 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 Apogee Enterprises stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.113 Buy Candidate Upgraded
Predicted Opening Price for Apogee Enterprises of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $60.53 ( 1.81%) | $61.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APOG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.45 | 6.18 % | |
| R2 | 63.57 | 3.13 % | ||
| R1 | 62.41 | 1.24 % | ||
| Current price: | 61.64 | |||
| Support | S1 | 58.65 | -4.86 % | |
| S2 | 57.49 | -6.74 % | ||
| S3 | 55.61 | -9.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 61.64 | |||
| Support | S1 | 59.84 | -2.92% | |
| S2 | 57.18 | -7.24% | ||
| S3 | 56.73 | -7.97% |
APOG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 29, 2024 | Feb 14, 2024 | $0.250 | 0.463% |
| 2 | Oct 06, 2023 | Oct 23, 2023 | Nov 08, 2023 | $0.240 | 0.543% |
| 3 | Jun 22, 2023 | Jul 11, 2023 | Jul 27, 2023 | $0.240 | 0.512% |
| 4 | Apr 19, 2023 | May 08, 2023 | May 24, 2023 | $0.240 | 0.626% |
| 5 | Jan 12, 2023 | Jan 30, 2023 | Feb 15, 2023 | $0.240 | 0.505% |
FAQ
Click here for our free guide on how to buy Apogee Enterprises Stock.
