Astec Industries Stock Forecast
Astec Industries stock price up 0.359% on Thursday
(Updated on Apr 18, 2024)
The Astec Industries stock price gained 0.359% on the last trading day (Thursday, 18th Apr 2024), rising from $41.73 to $41.88. During the last trading day the stock fluctuated 1.77% from a day low at $41.72 to a day high of $42.46. The price has fallen in 6 of the last 10 days and is down by -3.86% for this period. Volume fell on the last day by -33 thousand shares and in total, 120 thousand shares were bought and sold for approximately $5.04 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 lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $41.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.81% during the next 3 months and, with a 90% probability hold a price between $53.94 and $59.69 at the end of this 3-month period.
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ASTE Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Astec Industries stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $42.50 and $42.01. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.78%. 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).
Support, Risk & Stop-loss for Astec Industries stock
Astec Industries finds support from accumulated volume at $40.64 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 $0.740 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ASTE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Astec Industries to open at $42.02, and during the day (based on 14 day Average True Range), to move between $40.78 and $42.98, which gives a possible trading interval of +/-$1.10 (+/-2.62%) up or down from last closing price. If Astec Industries takes out the full calculated possible swing range there will be an estimated 5.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.21 (0.79%) than the support at $40.64 (2.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Astec Industries stock A Buy?
The Astec Industries stock holds several negative signals and despite the positive trend, we believe Astec Industries will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.821 Sell Candidate Unchanged
Predicted Opening Price for Astec Industries of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $42.02 ( 0.334%) | $41.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASTE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.76 | 2.10 % | |
| R2 | 42.48 | 1.43 % | ||
| R1 | 42.30 | 1.01 % | ||
| Current price: | 41.88 | |||
| Support | S1 | 41.74 | -0.341 % | |
| S2 | 41.56 | -0.758 % | ||
| S3 | 41.28 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.56 | 4.01 % | |
| R2 | 43.26 | 3.30 % | ||
| R1 | 42.21 | 0.788 % | ||
| Current price | 41.88 | |||
| Support | S1 | 40.64 | -2.96% | |
| S2 | 35.88 | -14.33% | ||
| S3 | 35.60 | -15.00% |
ASTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 08, 2024 | $0 | 0% |
| 2 | Oct 27, 2023 | Nov 09, 2023 | Dec 01, 2023 | $0.130 | 0.404% |
| 3 | Jul 27, 2023 | Aug 10, 2023 | Aug 31, 2023 | $0.130 | 0.237% |
| 4 | Apr 25, 2023 | May 11, 2023 | May 30, 2023 | $0.130 | 0.344% |
| 5 | Feb 24, 2023 | Mar 09, 2023 | Mar 30, 2023 | $0.130 | 0.321% |
FAQ
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