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 REX
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REX American Resources Corporation stock price ended at $43.92 on Wednesday, after gaining 0.274%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 22, 2024 Loss -1.44% PDF

The REX American Resources Corporation stock price gained 0.274% on the last trading day (Wednesday, 27th Mar 2024), rising from $43.80 to $43.92. During the last trading day the stock fluctuated 2.87% from a day low at $43.73 to a day high of $44.99. The price has risen in 6 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 111 thousand more shares were traded than the day before. In total, 198 thousand shares were bought and sold for approximately $8.68 million.

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 -2.72% during the next 3 months and, with a 90% probability hold a price between $39.06 and $44.37 at the end of this 3-month period.

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REX Signals & Forecast

The REX American Resources Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $44.81. On a fall, the stock will find some support from the long-term average at approximately $43.74. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -3.94%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, February 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for REX American Resources Corporation stock

REX American Resources Corporation finds support from accumulated volume at $43.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.26 between high and low, or 2.87%. For the last week the stock has had daily average volatility of 2.44%.

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

Trading Expectations (REX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect REX American Resources Corporation to open at $44.21, and during the day (based on 14 day Average True Range), to move between $42.80 and $45.04, which gives a possible trading interval of +/-$1.12 (+/-2.54%) up or down from last closing price. If REX American Resources Corporation takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $43.86 (0.14%) than the resistance at $44.85 (2.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is REX American Resources Corporation stock A Buy?

REX American Resources Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.499 Sell Candidate Unchanged

Predicted Opening Price for REX American Resources Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$44.21 ( 0.664%) $43.92

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

Trading levels for REX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 45.47 3.52 %
R2 44.99 2.43 %
R1 44.69 1.76 %
Current price: 43.92
Support S1 43.73 -0.427 %
S2 43.44 -1.10 %
S3 42.96 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 46.93 6.85 %
R2 44.97 2.39 %
R1 44.85 2.12 %
Current price 43.92
Support S1 43.86 -0.137%
S2 42.00 -4.37%
S3 41.98 -4.42%

FAQ

What is the symbol for REX American Resources Corporation Stock and on which exchange is it traded?
The symbol for REX American Resources Corporation is REX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell REX American Resources Corporation Stock?
REX American Resources Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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

What's the current price of REX American Resources Corporation Stock?
As of the end of day on the 2024-03-27, the price of an REX American Resources Corporation (REX) share was $43.92.

What is the 52-week high and low for REX American Resources Corporation Stock?
The 52-week high for REX American Resources Corporation Stock is $51.19 and the 52-week low is $27.47.

What is the market capitalization of REX American Resources Corporation Stock?
As of the 2024-03-27, the market capitalization of REX American Resources Corporation is 768.763M.

When is the next earnings date for REX American Resources Corporation?
The upcoming earnings date for REX American Resources Corporation is Mar 28, 2024.
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About REX American Resources Corporation

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed. The company was formerly known as REX Stores Corporation and changed its name to REX American Resources Corporation in... REX Profile

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