0% commission for ETF tradesAZZ Inc Stock Forecast
AI Analysis of AZZ
| Stock Analysis |
|
| Risk Assessment |
|
| Trading Strategy |
|
AZZ Inc stock upgraded to Hold/Accumulate.
(Updated on Sep 13, 2024)
The AZZ Inc stock price gained 3.16% on the last trading day (Friday, 13th Sep 2024), rising from $76.16 to $78.57. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.95% from a day low at $77.55 to a day high of $79.06. The price has been going up and down for this period, and there has been a -3.39% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately $6.49 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AZZ Inc stock with a 90% probability to be traded between $70.04 and $84.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Have specific questions? Chat with our AI Analyst now!
AZZ Signals & Forecast
The AZZ Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $75.13 and $77.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, September 10, 2024, and so far it has risen 7.06%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AZZ Inc stock
AZZ Inc finds support from accumulated volume at $78.14 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.51 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: $74.35 (-5.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (AZZ) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect AZZ Inc to open at $78.39, and during the day (based on 14 day Average True Range), to move between $75.93 and $81.21, which gives a possible trading interval of +/-$2.64 (+/-3.36%) up or down from last closing price. If AZZ Inc takes out the full calculated possible swing range there will be an estimated 6.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $78.14 (0.55%) than the resistance at $79.61 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AZZ Inc stock A Buy?
AZZ Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
Current score: -0.140 Hold/Accumulate Upgraded
Predicted Opening Price for AZZ Inc of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $78.39 ( 0.225%) | $78.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 79.90 | 1.70% |
| R2 | 79.33 | 0.96% |
| R1 | 78.97 | 0.509% |
| Price | 78.57 | |
| S1 | 77.82 | -0.96% |
| S2 | 77.46 | -1.41% |
| S3 | 76.88 | -2.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.12 | 9.61% |
| R2 | 81.15 | 3.28% |
| R1 | 79.61 | 1.32% |
| Price | 78.57 | |
| S1 | 78.14 | -0.547% |
| S2 | 77.37 | -1.53% |
| S3 | 76.51 | -2.62% |
AZZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jul 10, 2024 | Jul 31, 2024 | $0.170 | 0.213% |
| 2 | Apr 04, 2024 | Apr 16, 2024 | May 02, 2024 | $0.170 | 0.229% |
| 3 | Jan 18, 2024 | Jan 29, 2024 | Feb 07, 2024 | $0.170 | 0.258% |
| 4 | Oct 05, 2023 | Oct 17, 2023 | Nov 01, 2023 | $0.170 | 0.363% |
| 5 | Jun 29, 2023 | Jul 11, 2023 | Jul 26, 2023 | $0.170 | 0.381% |
FAQ
Click here for our free guide on how to buy AZZ Inc Stock.
