Academy Sports And Outdoors Stock Forecast
Academy Sports And Outdoors stock price down 0.0197% on Tuesday
(Updated on Jul 02, 2024)
The Academy Sports And Outdoors stock price fell by -0.0197% on the last day (Tuesday, 2nd Jul 2024) from $50.66 to $50.65. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.02% from a day low at $50.10 to a day high of $51.11. The price has fallen in 6 of the last 10 days and is down by -5.82% 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 -637 thousand shares and in total, 1 million shares were bought and sold for approximately $59.75 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.43% during the next 3 months and, with a 90% probability hold a price between $41.45 and $46.79 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ASO Signals & Forecast
There are few to no technical positive signals at the moment. The Academy Sports And Outdoors stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $52.40 and $54.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -8.31%. 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 Academy Sports And Outdoors stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.01 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASO) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Academy Sports And Outdoors Inc to open at $50.62, and during the day (based on 14 day Average True Range), to move between $48.92 and $52.38, which gives a possible trading interval of +/-$1.73 (+/-3.42%) up or down from last closing price. If Academy Sports And Outdoors Inc takes out the full calculated possible swing range there will be an estimated 6.85% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $51.69, some $1.04 (2.05%) from the current price of $50.65, our system finds the risk reward not very attractive.
Is Academy Sports And Outdoors Inc stock A Buy?
Academy Sports And Outdoors holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.518 Sell Candidate Unchanged
Predicted Opening Price for Academy Sports And Outdoors Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $50.62 ( 0.0592%) | $50.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.63 | 1.93% |
| R2 | 51.24 | 1.17% |
| R1 | 51.01 | 0.703% |
| Price | 50.65 | |
| S1 | 50.23 | -0.82% |
| S2 | 50.00 | -1.29% |
| S3 | 49.61 | -2.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.24 | 9.06% |
| R2 | 52.89 | 4.42% |
| R1 | 51.69 | 2.05% |
| Price | 50.65 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
ASO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 20, 2024 | Jul 18, 2024 | $0.110 | 0.217% |
| 2 | Mar 07, 2024 | Mar 25, 2024 | Apr 18, 2024 | $0.110 | 0.195% |
| 3 | Nov 29, 2023 | Dec 12, 2023 | Jan 10, 2024 | $0.0900 | 0.142% |
| 4 | Aug 31, 2023 | Sep 12, 2023 | Oct 11, 2023 | $0.0900 | 0.198% |
| 5 | Jun 01, 2023 | Jun 14, 2023 | Jul 13, 2023 | $0.0900 | 0.157% |
FAQ
Click here for our free guide on how to buy Academy Sports And Outdoors Stock.
