The AZEK Company Inc. Stock Forecast

Red day on Friday for The AZEK Company Inc. stock after losing 1.26%
(Updated on Apr 19, 2024)

AZEK Signals & Forecast

There are few to no technical positive signals at the moment. The The AZEK Company Inc. 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 $46.19 and $48.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.95%. 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 for The AZEK Company Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $40.65 and $39.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The AZEK Company Inc. finds support just below today's level at $40.65. If this is broken, then the next support from accumulated volume will be at $39.60 and $39.55.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.41 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 3.14%.

The AZEK Company Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $42.64 (-4.66%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (AZEK) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect The AZEK Company Inc. to open at $44.85, and during the day (based on 14 day Average True Range), to move between $43.48 and $45.96, which gives a possible trading interval of +/-$1.24 (+/-2.76%) up or down from last closing price. If The AZEK Company Inc. takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.35 (1.41%) than the support at $40.65 (9.10%), 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 The AZEK Company Inc. stock A Buy?

The AZEK Company Inc. 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: 0.028 Hold/Accumulate Unchanged

Predicted Opening Price for The AZEK Company Inc. of Monday, April 22, 2024

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