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AI Analysis of CRMT
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America stock price down 1.78% on Friday
(Updated on Jun 21, 2024)

Sell candidate since Jun 18, 2024 Gain 1.99% PDF

The America stock price fell by -1.78% on the last day (Friday, 21st Jun 2024) from $60.03 to $58.96. During the last trading day the stock fluctuated 2.92% from a day low at $58.87 to a day high of $60.59. The price has been going up and down for this period, and there has been a -9.83% loss for the last 2 weeks. Volume has increased on the last day by 67 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, 148 thousand shares were bought and sold for approximately $8.72 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.98% during the next 3 months and, with a 90% probability hold a price between $58.68 and $67.65 at the end of this 3-month period.

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CRMT Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The America 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 $60.49 and $61.57. A break-up above any of these levels will issue buy signals. 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 America stock

America finds support from accumulated volume at $58.64 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 $1.72 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 4.82%.

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

Trading Expectations (CRMT) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect America to open at $59.47, and during the day (based on 14 day Average True Range), to move between $55.99 and $61.93, which gives a possible trading interval of +/-$2.97 (+/-5.03%) up or down from last closing price. If America takes out the full calculated possible swing range there will be an estimated 10.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $59.01 (0.08%) than the support at $58.64 (0.54%), 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 America stock A Buy?

The America stock holds several negative signals and despite the positive trend, we believe America will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.186 Sell Candidate Unchanged

Predicted Opening Price for America of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$59.47 ( 0.87%) $58.96

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

Trading levels for CRMT

Fibonacci Support & Resistance Levels

Level Price
R3 61.19 3.79%
R2 60.54 2.67%
R1 60.13 1.99%
Price 58.96
S1 58.82 -0.244%
S2 58.41 -0.93%
S3 57.75 -2.05%

Accumulated Volume Support & Resistance Levels

Level Price
R3 61.78 4.78%
R2 59.38 0.712%
R1 59.01 0.0848%
Price 58.96
S1 58.64 -0.543%
S2 57.81 -1.95%
S3 55.54 -5.80%

FAQ

What is the symbol for America Stock and on which exchange is it traded?
The symbol for America is CRMT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell America Stock?
The America stock holds several negative signals and despite the positive trend, we believe America will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy America Stock?
America Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy America Stock.

What's the current price of America Stock?
As of the end of day on the Jun 21, 2024, the price of an America (CRMT) share was $58.96.

What is the 52-week high and low for America Stock?
The 52-week high for America Stock is $127.96 and the 52-week low is $55.00.

What is the market capitalization of America Stock?
As of the Jun 21, 2024, the market capitalization of America is 383.718M.

When is the next earnings date for America?
The upcoming earnings date for America is Sep 03, 2024.
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About America

America America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer in the United States. It primarily sells older model used vehicles and provides financing for its customers. As of April 30, 2022, the company operated 154 dealerships in the South-Central United States. The company was founded in 1981 and is based in Rogers, Arkansas.... CRMT Profile

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