American Woodmark Corporation Forecast and Stock Analysis
Technical AMWD stock analysis for February 15, 2019.
American Woodmark Corporation gained 3.53% in the last trading day, rising from $76.17 to $78.86 The price has risen in 6 of the last 10 days and is up by 13.84% over the past 2 weeks. Volume fell in the last day by -6 522 shares, and in total, 138 074 shares bought and sold for approximately $10.89 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AMWD stock was $78.86. This is 3.53% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.94% from a day low at $75.95 to a day high of $78.94.
30 day high of the AMWD stock price was $82.85 and low was $65.46.
90 day high was $82.85 and low was $53.35.
52 week high for the American Woodmark Corporation - $140.60 and low - $53.35.
American Woodmark Corporation has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $78.20, a level that may pose a second chance to hit a runner. According to fan-theory $95.92 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. American Woodmark Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $73.81 and $67.39. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 07, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched 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)
RSI14 is 87 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
Support & Resistance
American Woodmark Corporation finds support from accumulated volume at $76.25.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.99 between high and low, or 3.94%. For the last week, the stock has had a daily average volatility of 5.69%.
The stock is extremely overbought on RSI14 (87). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: $76.30 (-3.24%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Strong Buy Candidate
American Woodmark Corporation holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.