NASDAQ:AOBC
Delisted

Smith & Wesson Holding Corp Stock Forecast

$13.96
-1.03 (-6.87%)
At Close: Jun 03, 2020
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Volatile ride for Smith & Wesson Holding Corp stock price on Wednesday moving between $13.77 and $15.44
(Updated on Jun 03, 2020)

Buy or Hold candidate since May 08, 2020 Gain 44.36% PDF

The Smith & Wesson Holding Corp stock price fell by -6.87% on the last day (Wednesday, 3rd Jun 2020) from $14.99 to $13.96. During the last trading day the stock fluctuated 12.13% from a day low at $13.77 to a day high of $15.44. The price has risen in 6 of the last 10 days and is up by 36.59% over the past 2 weeks. 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 -3 million shares and in total, 4 million shares were bought and sold for approximately $49.05 million.

The stock lies in the middle of a very 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 39.80% during the next 3 months and, with a 90% probability hold a price between $13.69 and $21.05 at the end of this 3-month period.

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AOBC Signals & Forecast

The Smith & Wesson Holding Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $12.32 and $10.10. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 02, 2020, and so far it has fallen -6.87%. Further fall is indicated until a new bottom pivot has been found. 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 Smith & Wesson Holding Corp stock

Smith & Wesson Holding Corp finds support from accumulated volume at $13.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.67 between high and low, or 12.13%. For the last week the stock has had daily average volatility of 12.36%.

Our recommended stop-loss: $12.98 (-6.99%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AOBC) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Smith & Wesson Holding Corp to open at $14.39, and during the day (based on 14 day Average True Range), to move between $12.98 and $14.94, which gives a possible trading interval of +/-$0.98 (+/-7.03%) up or down from last closing price. If Smith & Wesson Holding Corp takes out the full calculated possible swing range there will be an estimated 14.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.61 (2.51%) than the resistance at $14.99 (7.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Smith & Wesson Holding Corp stock A Buy?

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 Smith & Wesson Holding Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.194 Buy Candidate Upgraded

Predicted Opening Price for Smith & Wesson Holding Corp of Thursday, June 4, 2020

Fair opening price June 4, 2020 Current price
$14.39 ( 3.08%) $13.96

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AOBC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.06 15.04 %
R2 15.42 10.47 %
R1 15.03 7.65 %
Current price: 13.96
Support S1 13.75 -1.49 %
S2 13.36 -4.31 %
S3 12.72 -8.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 14.99 7.38 %
Current price 13.96
Support S1 13.61 -2.51%
S2 11.82 -15.33%
S3 10.79 -22.71%

FAQ

What is the symbol for Smith & Wesson Holding Corp Stock and on which exchange is it traded?
The symbol for Smith & Wesson Holding Corp is AOBC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Smith & Wesson Holding Corp Stock?
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 Smith & Wesson Holding Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Smith & Wesson Holding Corp Stock?
Smith & Wesson Holding Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Smith & Wesson Holding Corp Stock.

What's the current price of Smith & Wesson Holding Corp Stock?
As of the end of day on the 2020-06-03, the price of an Smith & Wesson Holding Corp (AOBC) share was $13.96.

What is the 52-week high and low for Smith & Wesson Holding Corp Stock?
The 52-week high for Smith & Wesson Holding Corp Stock is $16.28 and the 52-week low is $5.41.
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