Friday June 14, 2019 Change -0.18% Price $38.80
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Sell
TREND
Buy
MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will APOG stock price go up or down on Mon, 17 Jun 2019?

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Apogee Enterprises Forecast and Stock Analysis

Technical APOG stock analysis for Friday June 14, 2019.

Sell candidate since 2019-06-14


Apogee Enterprises fell by -0.18% in the last day ( Friday, 14th Jun 2019 ) from $38.87 to $38.80 During day the stock fluctuated 1.71% from a day low at $38.54 to a day high of $39.20. The price has been going up and down for this period, and there has been a 7.03% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -168 304 shares and in total 110 226 shares bought and sold for approximately $4.28 million.

Quick summary:

  • 30 day high of the APOG stock price was $40.82 and low was $35.99.
  • 90 day high was $40.97 and low was $34.80.
  • 52 week high for the Apogee Enterprises - $50.87 and low - $26.38.

Trend

Apogee Enterprises lies in the middle of a wide and weak 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 5.76% during the next 3 months and, with 90% probability hold a price between $38.72 and $44.36 at the end of this period.

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Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. Apogee Enterprises holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $39.18. On a fall, the stock will find some support from the short-term average at $38.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Thursday June 13, 2019, which indicates further falls 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.

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A sell signal from a double top formation was found on Thursday June 13, 2019 and based on theory for this formation the price should fall by -1.51% to $37.41 within 3 trading days since signal was issued (Tuesday June 18, 2019).

Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Apogee Enterprises finds support from accumulated volume at $37.05.

Support: $37.05 Price: $38.80 Resistance: $38.83

Risk

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 $0.66 (1.71%) between high and low. For the last week, the stock has had a daily average volatility of 2.12%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.12 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Apogee Enterprises holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Sell Candidate Downgraded
Stronger Sell Today APOG ranks #4604 as SELL CANDIDATE #4604 Weaker Sell

Will APOG stock price go up or down on Mon, 17 Jun 2019?

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