American Vanguard Corporation Stock Forecast
Red day on Friday for American Vanguard Corporation
(Updated on May 03, 2024)
No changes to the price of American Vanguard Corporation stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 3.25% from a day low at $11.68 to a day high of $12.06. The price has risen in 6 of the last 10 days and is up by 5.94% over the past 2 weeks.
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 $11.28 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 11.45% during the next 3 months and, with a 90% probability hold a price between $12.57 and $15.39 at the end of this 3-month period.
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AVD Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 6.32%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Vanguard Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.04. On a fall, the stock will find some support from the short-term average at $11.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for American Vanguard Corporation stock
American Vanguard Corporation finds support from accumulated volume at $11.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.380 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 2.56%.
Our recommended stop-loss: $11.24 (-4.53%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (AVD) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect American Vanguard Corporation to open at $11.84, and during the day (based on 14 day Average True Range), to move between $11.39 and $12.15, which gives a possible trading interval of +/-$0.381 (+/-3.24%) up or down from last closing price. If American Vanguard Corporation takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.69 (0.68%) than the resistance at $12.24 (3.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Vanguard Corporation stock A Buy?
American Vanguard Corporation 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.
Current score: -0.660 Hold/Accumulate Unchanged
Predicted Opening Price for American Vanguard Corporation of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$11.84 ( 0.566%) | $11.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.22 | 3.79 % | |
R2 | 12.07 | 2.56 % | ||
R1 | 11.98 | 1.80 % | ||
Current price: | 11.77 | |||
Support | S1 | 11.69 | -0.667 % | |
S2 | 11.60 | -1.43 % | ||
S3 | 11.46 | -2.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.90 | 9.60 % | |
R2 | 12.80 | 8.75 % | ||
R1 | 12.24 | 3.99 % | ||
Current price | 11.77 | |||
Support | S1 | 11.69 | -0.680% | |
S2 | 10.82 | -8.07% | ||
S3 | 10.50 | -10.79% |
AVD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | Mar 26, 2024 | Apr 10, 2024 | $0.0300 | 0.249% |
2 | Dec 15, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.0300 | 0.296% |
3 | Sep 12, 2023 | Sep 21, 2023 | Oct 06, 2023 | $0.0300 | 0.299% |
4 | Jun 08, 2023 | Jun 27, 2023 | Jul 14, 2023 | $0.0300 | 0.169% |
5 | Mar 13, 2023 | Mar 23, 2023 | Apr 14, 2023 | $0.0300 | 0.140% |
FAQ
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