Academy Sports And Outdoors Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Academy Sports And Outdoors stock price after Tuesday trading.
(Updated on May 07, 2024)
The Academy Sports And Outdoors stock price fell by -0.96% on the last day (Tuesday, 7th May 2024) from $58.13 to $57.57. During the last trading day the stock fluctuated 1.94% from a day low at $57.53 to a day high of $58.65. The price has been going up and down for this period, and there has been a -2.87% 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 -158 thousand shares and in total, 915 thousand shares were bought and sold for approximately $52.66 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 -20.73% during the next 3 months and, with a 90% probability hold a price between $42.00 and $49.76 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.
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ASO Signals & Forecast
There are mixed signals in the stock today. 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 $58.09 and $61.46. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Academy Sports And Outdoors stock
Academy Sports And Outdoors finds support from accumulated volume at $57.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.12 (1.94%) between high and low. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: $54.27 (-5.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (ASO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Academy Sports And Outdoors Inc to open at $57.92, and during the day (based on 14 day Average True Range), to move between $55.74 and $59.40, which gives a possible trading interval of +/-$1.83 (+/-3.18%) 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 6.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $57.16 (0.71%) than the resistance at $64.11 (11.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Academy Sports And Outdoors Inc stock A Buy?
Academy Sports And Outdoors 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.042 Hold/Accumulate Upgraded
Predicted Opening Price for Academy Sports And Outdoors Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $57.92 ( 0.599%) | $57.57 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 59.03 | 2.54 % | |
| R2 | 58.60 | 1.80 % | ||
| R1 | 58.34 | 1.34 % | ||
| Current price: | 57.57 | |||
| Support | S1 | 57.49 | -0.141 % | |
| S2 | 57.23 | -0.598 % | ||
| S3 | 56.80 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.25 | 23.76 % | |
| R2 | 64.43 | 11.92 % | ||
| R1 | 64.11 | 11.36 % | ||
| Current price | 57.57 | |||
| Support | S1 | 57.16 | -0.712% | |
| S2 | 56.70 | -1.51% | ||
| S3 | 56.48 | -1.89% |
ASO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 25, 2024 | Apr 18, 2024 | $0.110 | 0.195% |
| 2 | Nov 29, 2023 | Dec 12, 2023 | Jan 10, 2024 | $0.0900 | 0.142% |
| 3 | Aug 31, 2023 | Sep 12, 2023 | Oct 11, 2023 | $0.0900 | 0.198% |
| 4 | Jun 01, 2023 | Jun 14, 2023 | Jul 13, 2023 | $0.0900 | 0.157% |
| 5 | Mar 02, 2023 | Mar 22, 2023 | Apr 13, 2023 | $0.0900 | 0.133% |
FAQ
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