Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Wednesday June 26, 2019 Change 1.34% Price $31.76
Chart period: 2019-03-27 - 2019-06-26
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will ASTE stock price go up or down on Thu, 27 Jun 2019?

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Astec Industries Forecast and Stock Analysis

Technical ASTE stock analysis for Wednesday June 26, 2019.

Hold candidate since 2019-06-26


Astec Industries gained 1.34% in the last trading day ( Wednesday, 26th Jun 2019 ), rising from $31.34 to $31.76 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.78% from a day low at $31.44 to a day high of $32.00. The price has risen in 7 of the last 10 days and is up by 4.2% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 372 more shares were traded than the day before. In total, 108 741 shares bought and sold for approximately $3.45 million.

Quick summary:

  • 30 day high of the ASTE stock price was $32.00 and low was $28.76.
  • 90 day high was $42.78 and low was $28.76.
  • 52 week high for the Astec Industries - $63.69 and low - $27.86.

Trend

Astec Industries lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.49% during the next 3 months and, with 90% probability hold a price between $17.32 and $25.45 at the end of this period.

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Signals

Astec Industries 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 $31.10 and $30.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 17, 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.

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A buy signal from a double bottom formation was found on Monday June 17, 2019 with a target of $31.05. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Astec Industries finds support from accumulated volume at $31.59.

Support: $31.59 Price: $31.76 Resistance: $32.77

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 $0.56 (1.78%) between high and low. For the last week, the stock has had a daily average volatility of 2.30%.

Our recommended stoploss: $30.49 (-4.00%) (This stock has low daily movements and this gives low risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 7 days ago.)

2.30 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Astec Industries holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today ASTE ranks #1670 as HOLD CANDIDATE #1670 Next Hold

Will ASTE stock price go up or down on Thu, 27 Jun 2019?

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