American Woodmark Corporation Forecast and Stock Analysis
Technical AMWD stock analysis for April 25, 2019.
American Woodmark Corporation gained 2.12% in the last trading day, rising from $87.90 to $89.76 The price has been going up and down for this period, and there has been a 3.4% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 15 358 more shares were traded than the day before. In total, 131 070 shares bought and sold for approximately $11.76 million.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the AMWD stock was $89.76. This is 2.12% more than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 3.24% from a day low at $86.95 to a day high of $89.77.
30 day high of the AMWD stock price was $90.76 and low was $77.45.
90 day high was $92.99 and low was $65.46.
52 week high for the American Woodmark Corporation - $108.20 and low - $53.35.
American Woodmark Corporation 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 21.28% during the next 3 months and, with 90% probability hold a price between $100.06 and $119.55 at the end of this period.
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 $88.58 and $83.43. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* 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 62 and the stock is currently not being overbought or oversold
Support & Resistance
American Woodmark Corporation finds support from accumulated volume at $86.70.
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 $2.82 (3.24%) between high and low. For the last week, the stock has had a daily average volatility of 2.62%.
Our recommended stoploss: $85.33 (-4.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)
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Evaluation: Strong Buy Candidate
American Woodmark Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". 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.
|Golden Star Signal|
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|AMWD $89.76 ($1.86 2.12%)|
AMWD is up $1.86 today, but where's it headed in 2019?
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