AAON Forecast and Stock Analysis
Technical AAON stock analysis for Thursday May 23, 2019.
|Price to book||USD 9.32|
|Next Earnings Date||2019-08-05|
AAON fell by -0.71% in the last day ( Thursday, 23rd May 2019 ) from $46.37 to $46.04 and has now fallen 3 days in a row. During day the stock fluctuated 2.64% from a day low at $45.13 to a day high of $46.32. The price has been going up and down for this period, and there has been a -3.01% loss for the last 2 weeks. Volume has increased in the last day by 21 807 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 133 307 shares bought and sold for approximately $6.14 million.
- 30 day high of the AAON stock price was $52.50 and low was $45.13.
- 90 day high was $52.50 and low was $39.50.
- 52 week high for the AAON - $52.50 and low - $29.78.
AAON has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $46.43. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. AAON holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $46.56 and $47.56. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
* 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.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
AAON finds support from accumulated volume at $44.88.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.19 (2.64%) between high and low. For the last week, the stock has had a daily average volatility of 2.77%.
AAON is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.77 %Average volatility
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The AAON stock holds several negative signals and despite the positive trend we believe AAON will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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|AAON $46.04 ($-0.33 -0.71%)|
AAON is down $0.33 today, but where's it headed in 2019?
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