American Eagle Outfitters Inc Forecast and Stock Analysis
Technical AEO stock analysis for March 18, 2019.
|Shorts||5.22% ( 2019-02-28 )|
American Eagle Outfitters Inc fell by -0.14% in the last day from $20.78 to $20.75 and has now fallen 5 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 1.92% over the past 2 weeks. Volume has increased in the last day by 0.81 million 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, 5.50 million shares bought and sold for approximately $114.13 million.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the AEO stock was $20.75. This is 0.14% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 2.00% from a day low at $20.53 to a day high of $20.94.
30 day high of the AEO stock price was $21.61 and low was $19.59.
90 day high was $21.82 and low was $17.00.
52 week high for the American Eagle Outfitters Inc - $29.88 and low - $17.00.
American Eagle Outfitters Inc lies in the middle of a wide and strong 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 10.62% during the next 3 months and, with 90% probability hold a price between $21.27 and $25.09 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday March 12, 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. American Eagle Outfitters Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $20.90. On a fall, the stock will find some support from the long-term average at approximately $20.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
American Eagle Outfitters Inc finds support from accumulated volume at $20.66.
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 $0.41 (2.00%) between high and low. For the last week, the stock has had a daily average volatility of 2.52%.
Our recommended stoploss: $19.91 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 4 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.