RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DIT
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Evaluation of AMCON Distributing Company stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The AMCON Distributing Company stock price fell by -1.61% on the last day (Thursday, 28th Mar 2024) from $187.01 to $184.00. During the last trading day the stock fluctuated 2.57% from a day low at $182.31 to a day high of $187.00. The price has been going up and down for this period, and there has been a -3.82% loss for the last 2 weeks. Volume has increased on the last day by 162 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, 181 shares were bought and sold for approximately $33.30 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.25% during the next 3 months and, with a 90% probability hold a price between $172.48 and $197.43 at the end of this 3-month period.

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DIT Signals & Forecast

There are few to no technical positive signals at the moment. The AMCON Distributing Company 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 $188.76 and $195.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, January 19, 2024, and so far it has fallen -12.15%. 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). AMCON Distributing Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AMCON Distributing Company stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $4.69 (2.57%) between high and low. For the last week, the stock has had daily average volatility of 3.48%.

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

Trading Expectations (DIT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect AMCON Distributing Company to open at $184.44, and during the day (based on 14 day Average True Range), to move between $178.59 and $189.41, which gives a possible trading interval of +/-$5.41 (+/-2.94%) up or down from last closing price. If AMCON Distributing Company takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $190.00, some $6.00 (3.26%) from the current price of $184.00, our system finds the risk reward not very attractive.

Is AMCON Distributing Company stock A Buy?

AMCON Distributing Company holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.533 Sell Candidate Downgraded

Predicted Opening Price for AMCON Distributing Company of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$184.44 ( 0.237%) $184.00

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

Trading levels for DIT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 189.13 2.79 %
R2 187.34 1.81 %
R1 186.23 1.21 %
Current price: 184.00
Support S1 182.65 -0.736 %
S2 181.54 -1.34 %
S3 179.75 -2.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 192.95 4.86 %
R2 191.30 3.97 %
R1 190.00 3.26 %
Current price 184.00
Support S1 0 .
S2 0 .
S3 0 .

DIT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 23, 2024 Feb 01, 2024 Feb 12, 2024 $0.180 0.0887%
2 Jan 05, 2024 Jan 05, 2024 Jan 17, 2024 $0.280 0.137%
3 Oct 24, 2023 Nov 03, 2023 Nov 17, 2023 $0.180 0.1000%
4 Jul 25, 2023 Aug 03, 2023 Aug 17, 2023 $0.180 0.0846%
5 Apr 25, 2023 May 04, 2023 May 18, 2023 $0.180 0.0965%

FAQ

What is the symbol for AMCON Distributing Company Stock and on which exchange is it traded?
The symbol for AMCON Distributing Company is DIT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell AMCON Distributing Company Stock?
AMCON Distributing Company holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

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

What's the current price of AMCON Distributing Company Stock?
As of the end of day on the 2024-03-28, the price of an AMCON Distributing Company (DIT) share was $184.00.

What is the 52-week high and low for AMCON Distributing Company Stock?
The 52-week high for AMCON Distributing Company Stock is $249.99 and the 52-week low is $160.00.

What is the market capitalization of AMCON Distributing Company Stock?
As of the 2024-03-28, the market capitalization of AMCON Distributing Company is 115.987M.

When is the next earnings date for AMCON Distributing Company?
The upcoming earnings date for AMCON Distributing Company is Apr 16, 2024.
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About AMCON Distributing Company

AMCON Distributing Company AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, h... DIT Profile

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