Stronger Sell Today CRMT ranks #4751 as SELL CANDIDATE #4751 Weaker Sell

CRMT stock forecast America

CRMT stock forecast

VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

CRMT Forecast and Technical Stock Analysis

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Sell candidate since 2019-08-19

America fell by -5.79% in the last day ( Monday, 19th Aug 2019 ) from $92.00 to $86.67 During the day the stock fluctuated 8.92% from a day low at $86.45 to a day high of $94.16. The price has risen in 6 of the last 10 days and is up by 0.22% over the past 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 -63 479 shares and in total 258 957 shares bought and sold for approximately $22.44 million.

Quick summary:

  • 30 day high of the CRMT stock price was $97.16 and low was $83.53.
  • 90 day high was $102.48 and low was $83.10.
  • 52 week high for America - $104.05 and low - $66.26.
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Trend

America is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $84.05 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect America with a 90% probability to be traded between $83.81 and $101.30 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are few to none technical positive signals at the moment. America holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $89.91 and $87.57. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 16, 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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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 44 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

America finds support from accumulated volume at $86.08.

Support: $86.08 Price: $86.67 Resistance: $90.97

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $7.72 (8.92%) between high and low. For the last week, the stock has had daily average volatility of 6.21%.

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

6.21 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

America holds several negative signals and is within a wide and falling trend, so we believe 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 Buy Candidate to a Sell Candidate.

Stronger Sell Today CRMT ranks #4751 as SELL CANDIDATE #4751 Weaker Sell

Will CRMT stock price go up or down on Wed, 21 Aug 2019?

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