American Eagle Outfitters Inc Stock Forecast
Red day on Thursday for American Eagle Outfitters Inc stock after losing 0.134%
(Updated on Apr 18, 2024)
The American Eagle Outfitters Inc stock price fell by -0.134% on the last day (Thursday, 18th Apr 2024) from $22.37 to $22.34. During the last trading day the stock fluctuated 3.12% from a day low at $22.26 to a day high of $22.96. The price has fallen in 7 of the last 10 days and is down by -8.33% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -86 thousand shares and in total, 4 million shares were bought and sold for approximately $89.94 million.
Given the current short-term trend, the stock is expected to rise 18.79% during the next 3 months and, with a 90% probability hold a price between $26.54 and $32.19 at the end of this 3-month period.
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AEO Signals & Forecast
There are few to no technical positive signals at the moment. The American Eagle Outfitters Inc 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 $22.83 and $23.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -14.73%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for American Eagle Outfitters Inc stock
American Eagle Outfitters Inc finds support from accumulated volume at $22.30 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 $0.695 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 3.07%.
American Eagle Outfitters Inc is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AEO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect American Eagle Outfitters Inc to open at $22.52, and during the day (based on 14 day Average True Range), to move between $21.54 and $23.14, which gives a possible trading interval of +/-$0.80 (+/-3.59%) up or down from last closing price. If American Eagle Outfitters Inc takes out the full calculated possible swing range there will be an estimated 7.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.30 (0.18%) than the resistance at $23.00 (2.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is American Eagle Outfitters Inc stock A Buy?
The American Eagle Outfitters Inc stock holds several negative signals and despite the positive trend, we believe American Eagle Outfitters Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.601 Sell Candidate Unchanged
Predicted Opening Price for American Eagle Outfitters Inc of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$22.52 ( 0.798%) | $22.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.21 | 3.91 % | |
R2 | 22.95 | 2.72 % | ||
R1 | 22.78 | 1.99 % | ||
Current price: | 22.34 | |||
Support | S1 | 22.25 | -0.390 % | |
S2 | 22.09 | -1.12 % | ||
S3 | 21.82 | -2.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.53 | 5.33 % | |
R2 | 23.45 | 4.97 % | ||
R1 | 23.00 | 2.95 % | ||
Current price | 22.34 | |||
Support | S1 | 22.30 | -0.179% | |
S2 | 22.29 | -0.224% | ||
S3 | 20.08 | -10.12% |
AEO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 04, 2024 | Apr 11, 2024 | Apr 26, 2024 | $0.125 | 0.560% |
2 | Dec 13, 2023 | Jan 05, 2024 | Jan 19, 2024 | $0.125 | 0.618% |
3 | Dec 13, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.125 | 0.618% |
4 | Sep 13, 2023 | Oct 12, 2023 | Oct 27, 2023 | $0.100 | 0.575% |
5 | Jun 07, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.100 | 0.776% |
FAQ
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