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AI Analysis of AAON
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AAON stock price down 0.91% on Monday
(Updated on Mar 04, 2024)

Buy or Hold candidate since Feb 07, 2024 Gain 9.52% PDF
The AAON stock price fell by -0.91% on the last day (Monday, 4th Mar 2024) from $83.26 to $82.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.93% from a day low at $82.16 to a day high of $83.74. The price has risen in 6 of the last 10 days but is still down by -2.14% for this period. 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 -309 thousand shares and in total, 561 thousand shares were bought and sold for approximately $46.27 million.

The stock lies in the middle of a wide and 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 23.93% during the next 3 months and, with a 90% probability hold a price between $94.65 and $108.75 at the end of this 3-month period.

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AAON Signals & Forecast

The AAON stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $84.54. On a fall, the stock will find some support from the long-term average at approximately $76.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Wednesday, February 28, 2024, and so far it has fallen -5.06%. 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.

Support, Risk & Stop-loss for AAON stock

AAON finds support from accumulated volume at $78.67 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 $1.58 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 3.72%.

Our recommended stop-loss: $77.80 (-5.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (AAON) For The Upcoming Trading Day Of Tuesday 5th

For the upcoming trading day on Tuesday, 5th we expect AAON to open at $82.80, and during the day (based on 14 day Average True Range), to move between $79.97 and $85.03, which gives a possible trading interval of +/-$2.53 (+/-3.07%) up or down from last closing price. If AAON takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $83.26 (0.92%) than the support at $78.67 (4.64%), 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 AAON stock A Buy?

AAON holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.738 Hold/Accumulate Unchanged

Predicted Opening Price for AAON of Tuesday, March 5, 2024

Fair opening price March 5, 2024 Current price
$82.80 ( 0.365%) $82.50

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 84.39 2.29 %
R2 83.78 1.55 %
R1 83.41 1.10 %
Current price: 82.50
Support S1 82.20 -0.368 %
S2 81.82 -0.82 %
S3 81.22 -1.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 86.90 5.33 %
R2 83.98 1.79 %
R1 83.26 0.92 %
Current price 82.50
Support S1 78.67 -4.64%
S2 71.23 -13.66%
S3 71.11 -13.81%

FAQ

What is the symbol for AAON Stock and on which exchange is it traded?
The symbol for AAON is AAON and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AAON Stock?
AAON holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

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

What's the current price of AAON Stock?
As of the end of day on the 2024-03-04, the price of an AAON (AAON) share was $82.50.

What is the 52-week high and low for AAON Stock?
The 52-week high for AAON Stock is $107.09 and the 52-week low is $52.26.

What is the market capitalization of AAON Stock?
As of the 2024-03-04, the market capitalization of AAON is 6.73B.

When is the next earnings date for AAON?
The upcoming earnings date for AAON is May 02, 2024.

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About AAON

AAON AAON, Inc., together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BasX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, c... AAON Profile

AAON Dividend Data

0.630%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Biannually
Amount Per Share $0.0800
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