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$64.50 (-0.98%)

Volume: 95k

Closed: Jan 21, 2022

Hollow Logo Score: -1.184

Astec Industries Stock Forecast

$64.50 (-0.98%)

Volume: 95k

Closed: Jan 21, 2022

Score Hollow Logo -1.184
Which way will ASTE go? Request

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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.

Source: http://www.bollingerbands.com

Earnings Date: Jan 25, 2022
Key Stats
P/E Ratio 35.02
Beta 1.41
Trailing Dividend Rate 0.69% ($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 34 and the stock is currently not being overbought or oversold

Astec Industries stock price down 0.98% on Friday
(Updated on Jan 21, 2022)


Sell candidate since 2022-01-19 Loss -4.95% PDF

The Astec Industries stock price fell by -0.98% on the last day (Friday, 21st Jan 2022) from $65.14 to $64.50. and has now fallen 5 days in a row. During the day the stock fluctuated 3.88% from a day low at $64.00 to a day high of $66.48. The price has fallen in 7 of the last 10 days and is down by -9.99% for this period. Volume has increased on the last day by 37 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, 95 thousand shares were bought and sold for approximately $6.13 million.

The stock lies in the lower part of a very 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 $62.40 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 15.62% during the next 3 months and, with a 90% probability hold a price between $72.15 and $96.88 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Astec Industries 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 $68.59 and $68.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 08, 2021, and so far it has fallen -13.40%. 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 $61.50 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 $2.48 (3.88%) between high and low. For the last week, the stock has had a daily average volatility of 3.64%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

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: -1.184

Sell Candidate Unchanged

Insiders are very positive buying more shares than they are selling in Astec Industries

In the last 100 trades there were 78.59 thousand shares bought and 17.31 thousand shares sold. The last trade was done 12 days ago by Pasricha Anshu who bough 134.85 shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Predicted Opening Price for Astec Industries of Monday, January 24, 2022

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

Fair opening price January 24, 2022 Current price
$64.99 $64.50 (Undervalued)

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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: 3.64 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.64 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $64.81
Price: $64.50
Support: $61.50

ASTE Insider Trading Show all Trades

INSIDER POWER

60.850

Last 100 transactions
Buy: 78 588 | Sell: 17 314 (Shares)
Date Action Amount Person Type
Jan 10, 2022 Buy 135 Pasricha Anshu Phantom Stock
Jan 10, 2022 Buy 44 Merwe Jaco Van Der Phantom Stock
Dec 04, 2021 Sell 2 Weyenberg Rebecca A Phantom Stock
Dec 04, 2021 Sell 701 Weyenberg Rebecca A Common Stock
Dec 02, 2021 Buy 12 Weyenberg Rebecca A Common Stock
Show all Insider Trades
INSIDER POWER

60.850

Last 100 transactions
Buy: 78 588 | Sell: 17 314 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 67.47 4.61 %
66.53 3.14 %
65.94 2.23 %
Current price: 64.50
Support 64.05 -0.70 %
63.46 -1.61 %
62.51 -3.08 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 74.48 15.47 %
69.07 7.09 %
64.81 0.48 %
Current price 64.50
Support 61.50 -4.65%
59.51 -7.74%
53.47 -17.10%

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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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