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Apogee Enterprises Stock Forecast NASDAQ:APOG

$44.69 (-0.0447%)

Volume: 77k

Closed: Dec 07, 2021

Hollow Logo Score: 1.138

Apogee Enterprises Stock Forecast

$44.69 (-0.0447%)

Volume: 77k

Closed: Dec 07, 2021

Score Hollow Logo 1.138
Which way will APOG go? Request
Tue, Dec 07, 2021 Buy Candidate Upgraded
Stop-loss: $42.83 (-4.16%)
Earnings Date: Dec 17, 2021
Key Stats
P/E Ratio 314.24
Beta 1.42
Trailing Dividend Rate 1.78% ($0.79)
* 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 43 and the stock is currently not being overbought or oversold

Apogee Enterprises stock upgraded to Buy Candidate.
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-07

The Apogee Enterprises stock price fell by -0.0447% on the last day (Tuesday, 7th Dec 2021) from $44.71 to $44.69. During the day the stock fluctuated 2.64% from a day low at $44.32 to a day high of $45.49. The price has been going up and down for this period, and there has been a -6.72% loss for the last 2 weeks. 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 -43 thousand shares and in total, 77 thousand shares were bought and sold for approximately $3.43 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 20.5% during the next 3 months and, with a 90% probability hold a price between $50.59 and $61.34 at the end of this 3-month period.

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 $43.69 and $44.57. A breakdown below any of these levels will issue sell signals. 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 Monday, December 06, 2021, and so far it has fallen -0.0447%. 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

On the downside, the stock finds support just below today's level from accumulated volume at $40.40 and $38.08. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Apogee Enterprises finds support just below today's level at $40.40. If this is broken, then the next support from accumulated volume will be at $38.08 and $38.02.

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 $1.17 between high and low, or 2.64%. For the last week, the stock has had a daily average volatility of 4.02%.

Our recommended stop-loss: $42.83 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 days ago.)

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 Hold/Accumulate to a Buy candidate.

Current score: 1.138

Predicted Opening Price for Apogee Enterprises of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$44.83 $44.69 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 18, 2021 "Craig Hallum" gave "$48.00 - $54.00" rating for APOG. The price target was changed from $47.08 to 1.1%.

Volatility and Risk
Daily Average Volatility: 4.02 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.02 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $45.58
Price: $44.69
Support: $40.40

APOG Insider Trading Show all Trades

INSIDER POWER

2.874

Last 100 transactions
Buy: 724 455 | Sell: 252 083 (Shares)
Date Action Amount Person Type
Nov 05, 2021 Sell 477 Johnson Gary Robert Common Stock
Nov 02, 2021 Sell 1 583 Johnson Gary Robert Common Stock
Nov 01, 2021 Sell 1 768 Johnson Gary Robert Common Stock
Nov 01, 2021 Sell 1 756 Johnson Gary Robert Common Stock
Sep 30, 2021 Buy 68 Johnson Lloyd Emerson Deferred Restricted Stock Units
Show all Insider Trades
INSIDER POWER

2.874

Last 100 transactions
Buy: 724 455 | Sell: 252 083 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 46.00 2.94 %
45.56 1.94 %
45.28 1.32 %
Current price: 44.69
Support 44.39 -0.68 %
44.11 -1.30 %
43.66 -2.30 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 46.05 3.04 %
45.78 2.44 %
45.58 1.99 %
Current price 44.69
Support 40.40 -9.60%
38.08 -14.79%
38.02 -14.93%

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About Apogee Enterprises

Apogee Enterprises Apogee Enterprises, Inc. designs and develops glass solutions for enclosing commercial buildings and framing art in the United States, Canada, and Brazil. The company operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems, and Large-Scale Optical Technologies (LSO). The Architectural Glass segment fabricates coated and high-performance glass used in customized windows and wall systems comprising... Read more

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