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Weaker Hold
Today ASTE ranks #1750 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

$66.26 (-2.83%)

Volume: 91k

Closed: Nov 26, 2021

Hollow Logo Score: 0.301

Astec Industries Stock Forecast

$66.26 (-2.83%)

Volume: 91k

Closed: Nov 26, 2021

Score Hollow Logo 0.301
Which way will ASTE go? Request
Stop-loss: $63.30 (-4.47%)
Key Stats
P/E Ratio 35.62
Beta 1.47
Trailing Dividend Rate 0.68% ($0.45)
* 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 54 and the stock is currently not being overbought or oversold

Astec Industries stock price down 2.83% on Friday
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-01 Gain 20.76%

The Astec Industries stock price fell by -2.83% on the last day (Friday, 26th Nov 2021) from $68.19 to $66.26. and has now fallen 4 days in a row. During the day the stock fluctuated 4.61% from a day low at $63.73 to a day high of $66.67. The price has fallen in 8 of the last 10 days and is down by -8.05% for this period. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 91 thousand shares were bought and sold for approximately $6.00 million.

The stock lies in the middle of a very 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 18.73% during the next 3 months and, with a 90% probability hold a price between $67.18 and $91.41 at the end of this 3-month period.

Signals & Forecast

The Astec Industries 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 $69.15. On a fall, the stock will find some support from the long-term average at approximately $60.54. 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 Monday, November 08, 2021, and so far it has fallen -11.04%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Astec Industries finds support from accumulated volume at $64.81 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 $2.94 between high and low, or 4.61%. For the last week, the stock has had a daily average volatility of 2.35%.

Our recommended stop-loss: $63.30 (-4.47%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)

Is Astec Industries stock A Buy?

Astec Industries holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.301

Predicted Opening Price for Astec Industries of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$65.55 $66.26 (Overvalued)
Hold/Accumulate Unchanged

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Analyst Ratings

On Nov 08, 2021 "Sidoti" gave "$65.00 - $82.00" rating for ASTE. The price target was set to $69.26+6.9%.

Volatility and Risk
Daily Average Volatility: 2.35 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.35 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $71.37
Price: $66.26
Support: $64.81

ASTE Insider Trading Show all Trades

INSIDER POWER

3.945

Last 100 transactions
Buy: 83 438 | Sell: 21 150 (Shares)
Date Action Amount Person Type
Nov 17, 2021 Sell 12 Litchfield Matthew T Sr Common Stock
Nov 16, 2021 Sell 1 081 Litchfield Matthew T Sr Common Stock
Nov 09, 2021 Sell 152 Palm Jamie E Common Stock
Nov 05, 2021 Sell 267 Averkamp Timothy A Common Stock
Oct 31, 2021 Buy 305 Potts Charles F Common Stock
Show all Insider Trades
INSIDER POWER

3.945

Last 100 transactions
Buy: 83 438 | Sell: 21 150 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 68.49 3.37 %
67.37 1.68 %
66.68 0.63 %
Current price: 66.26
Support 64.43 -2.76 %
63.74 -3.81 %
62.61 -5.50 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 74.48 12.41 %
72.40 9.27 %
71.37 7.71 %
Current price 66.26
Support 64.81 -2.19%
55.42 -16.36%
55.00 -16.99%

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About Astec Industries

Astec Industries Astec Industries, Inc. designs, engineers, manufactures, and markets equipment and components primarily for the road building, aggregate processing, geothermal, water, oil and gas, and wood processing industries in the United States and internationally. Its Infrastructure Group segment offers asphalt and wood pellet plants, and related components; asphalt pavers, screeds, milling machines, material transfer vehicles, stabilizers, and related anci... Read more

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