Smith (AO) Corporation Stock Forecast
Smith (AO) Corporation stock price up 1.17% on Tuesday
(Updated on Apr 23, 2024)
The Smith (AO) Corporation stock price gained 1.17% on the last trading day (Tuesday, 23rd Apr 2024), rising from $86.90 to $87.92. During the last trading day the stock fluctuated 1.51% from a day low at $86.92 to a day high of $88.23. The price has risen in 7 of the last 10 days and is up by 1.68% over the past 2 weeks. Volume fell on the last day by -688 thousand shares and in total, 559 thousand shares were bought and sold for approximately $49.19 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 12.11% during the next 3 months and, with a 90% probability hold a price between $96.28 and $104.78 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.
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, 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 $86.37 and $86.93. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -2.18%. 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
Smith (AO) Corporation finds support from accumulated volume at $86.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.31 between high and low, or 1.51%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $84.70 (-3.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (AOS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Smith (AO) Corporation to open at $87.69, and during the day (based on 14 day Average True Range), to move between $86.35 and $89.49, which gives a possible trading interval of +/-$1.57 (+/-1.79%) up or down from last closing price. If Smith (AO) Corporation takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $88.55 (0.72%) than the support at $86.46 (1.66%), 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.
Earnings coming up
Smith (AO) Corporation will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.99. We will update the financials statements for Smith (AO) Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.78% in the first trading day after earnings release.
Is Smith (AO) Corporation stock A Buy?
Smith (AO) Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.207 Hold/Accumulate Unchanged
Predicted Opening Price for Smith (AO) Corporation of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$87.69 ( 0.262%) | $87.92 |
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 | 89.00 | 1.23 % | |
R2 | 88.50 | 0.659 % | ||
R1 | 88.19 | 0.308 % | ||
Current price: | 87.92 | |||
Support | S1 | 87.19 | -0.83 % | |
S2 | 86.88 | -1.18 % | ||
S3 | 86.38 | -1.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 89.46 | 1.75 % | |
R2 | 89.28 | 1.55 % | ||
R1 | 88.55 | 0.717 % | ||
Current price | 87.92 | |||
Support | S1 | 86.46 | -1.66% | |
S2 | 79.72 | -9.33% | ||
S3 | 77.61 | -11.73% |
AOS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.320 | 0.364% |
2 | Jan 16, 2024 | Jan 31, 2024 | Feb 15, 2024 | $0.320 | 0.395% |
3 | Jan 16, 2024 | Jan 30, 2024 | Feb 15, 2024 | $0.320 | 0.395% |
4 | Oct 09, 2023 | Oct 30, 2023 | Nov 15, 2023 | $0.320 | 0.427% |
5 | Jul 27, 2023 | Aug 14, 2023 | Aug 15, 2023 | $0.300 | 0.424% |
FAQ
Click here for our free guide on how to buy Smith (AO) Corporation Stock.