Social Sentiment for ASTE
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Astec Industries Forecast and Stock Analysis
Technical ASTE stock analysis for April 24, 2019.
Astec Industries gained 3.74% in the last trading day, rising from $31.59 to $32.77 The price has risen in 7 of the last 10 days , but is still down by -16.59% for this period. Volume fell in the last day by -1 232 495 shares, and in total, 721 391 shares bought and sold for approximately $23.64 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 (Wednesday, 24th Apr 2019) of the ASTE stock was $32.77. This is 3.74% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 6.37% from a day low at $30.99 to a day high of $32.96.
30 day high of the ASTE stock price was $42.78 and low was $30.99.
90 day high was $43.27 and low was $30.99.
52 week high for the Astec Industries - $63.69 and low - $27.86.
Astec Industries lies in the lower part of a very wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $31.63 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.33% during the next 3 months and, with 90% probability hold a price between $33.63 and $45.48 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday April 23, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Astec Industries holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $39.02 and $38.90. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 34 and the stock is currently not being overbought or oversold
Support & Resistance
Astec Industries finds support from accumulated volume at $31.59.
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 $1.97 between high and low, or 6.37%. For the last week, the stock has had a daily average volatility of 8.16%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Astec Industries stock holds several negative signals and despite the positive trend we believe Astec Industries will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|ASTE $32.77 ($1.18 3.74%)|
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