AAON Stock Forecast
Big movements in AAON stock price on Friday moving 13.77% between high and low
(Updated on May 03, 2024)
The AAON stock price fell by -13.74% on the last day (Friday, 3rd May 2024) from $90.89 to $78.40. During the last trading day the stock fluctuated 13.77% from a day low at $76.67 to a day high of $87.23. The price has risen in 8 of the last 10 days but is still down by -8.21% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $159.29 million.
Given the current short-term trend, the stock is expected to rise 14.08% during the next 3 months and, with a 90% probability hold a price between $89.44 and $108.20 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.
AAON Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AAON stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $90.39 and $87.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -17.01%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for AAON stock
AAON finds support from accumulated volume at $75.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $10.56 between high and low, or 13.77%. For the last week, the stock has had daily average volatility of 5.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AAON) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AAON to open at $80.77, and during the day (based on 14 day Average True Range), to move between $74.58 and $82.22, which gives a possible trading interval of +/-$3.82 (+/-4.87%) up or down from last closing price. If AAON takes out the full calculated possible swing range there will be an estimated 9.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $75.33 (3.92%) than the resistance at $83.98 (7.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AAON stock A Buy?
The AAON stock holds several negative signals and despite the positive trend, we believe AAON will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.525 Sell Candidate Downgraded
Predicted Opening Price for AAON of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $80.77 ( 3.02%) | $78.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAON
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.33 | 16.49 % | |
| R2 | 87.29 | 11.34 % | ||
| R1 | 84.80 | 8.16 % | ||
| Current price: | 78.40 | |||
| Support | S1 | 76.73 | -2.13 % | |
| S2 | 74.24 | -5.31 % | ||
| S3 | 70.21 | -10.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.09 | 20.01 % | |
| R2 | 90.89 | 15.93 % | ||
| R1 | 83.98 | 7.12 % | ||
| Current price | 78.40 | |||
| Support | S1 | 75.33 | -3.92% | |
| S2 | 72.07 | -8.07% | ||
| S3 | 71.83 | -8.38% |
AAON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 05, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.0800 | 0.0908% |
| 2 | Nov 09, 2023 | Nov 28, 2023 | Dec 18, 2023 | $0.0800 | 0.113% |
| 3 | Aug 18, 2023 | Sep 07, 2023 | Sep 29, 2023 | $0.0800 | 0.141% |
| 4 | May 18, 2023 | Jun 08, 2023 | Jun 30, 2023 | $0.120 | 0.190% |
| 5 | Mar 01, 2023 | Mar 10, 2023 | Mar 31, 2023 | $0.120 | 0.186% |
FAQ
Click here for our free guide on how to buy AAON Stock.
