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American Woodmark Corporation Stock Forecast NASDAQ:AMWD

$65.68 (0.61%)

Volume: 133k

Closed: Dec 03, 2021

Hollow Logo Score: -1.659

American Woodmark Corporation Stock Forecast

$65.68 (0.61%)

Volume: 133k

Closed: Dec 03, 2021

Score Hollow Logo -1.659
Which way will AMWD go? Request
Key Stats
P/E Ratio 43.47
Beta 1.39
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 30 and the stock is currently not being overbought or oversold

American Woodmark Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-12-03

The American Woodmark Corporation stock price gained 0.61% on the last trading day (Friday, 3rd Dec 2021), rising from $65.28 to $65.68. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.92% from a day low at $64.12 to a day high of $65.99. The price has risen in 6 of the last 10 days, but is still down by -7.02% for this period. Volume fell on the last day by -1 thousand shares and in total, 133 thousand shares were bought and sold for approximately $8.75 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 wide and weak 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 4.64% during the next 3 months and, with a 90% probability hold a price between $64.67 and $79.77 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. The American Woodmark Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $69.72. On a fall, the stock will find some support from the short-term average at $64.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 6.55%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss

American Woodmark Corporation finds support from accumulated volume at $65.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.87 between high and low, or 2.92%. For the last week, the stock has had a daily average volatility of 4.83%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is American Woodmark Corporation stock A Buy?

American Woodmark Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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: -1.659

Predicted Opening Price for American Woodmark Corporation of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$65.26 $65.68 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 25, 2021 "Robert W. Baird" gave "" rating for AMWD. The price target was set to $68.32+0.8%.

Volatility and Risk
Daily Average Volatility: 4.83 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.83 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $66.39
Price: $65.68
Support: $65.46

AMWD Insider Trading Show all Trades

INSIDER POWER

3.392

Last 100 transactions
Buy: 156 672 | Sell: 46 183 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Buy 5 000 Tang Vance W Common Stock
Nov 29, 2021 Buy 6 000 Tang Vance W Common Stock
Sep 14, 2021 Buy 6 000 Tang Vance W Common Stock
Aug 26, 2021 Buy 1 290 Tang Vance W Common Stock
Aug 26, 2021 Buy 1 290 Davis James G Common Stock
Show all Insider Trades
INSIDER POWER

3.392

Last 100 transactions
Buy: 156 672 | Sell: 46 183 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 67.13 2.21 %
66.42 1.13 %
65.98 0.45 %
Current price: 65.68
Support 64.55 -1.72 %
64.11 -2.39 %
63.39 -3.48 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 67.79 3.21 %
67.00 2.01 %
66.39 1.08 %
Current price 65.68
Support 65.46 -0.33%
62.41 -4.98%
61.64 -6.15%

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About American Woodmark Corporation

American Woodmark American Woodmark Corporation manufactures and distributes kitchen cabinets and vanities for the remodeling and home construction markets in the United States. The company offers framed stock cabinets in approximately 500 various cabinet lines, which include 85 door designs in 21 colors. Its stock cabinets consist of interiors of various dimensions and construction options, as well as a maple, oak, cherry, or hickory front frame, door, and drawer... Read more

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