America Forecast and Stock Analysis
Technical CRMT stock analysis for Wednesday June 26, 2019.
America gained 2.02% in the last trading day ( Wednesday, 26th Jun 2019 ), rising from $86.53 to $88.28 , and has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During day the stock fluctuated 3.98% from a day low at $86.59 to a day high of $90.04. The price has risen in 7 of the last 10 days and is up by 0.7% 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, 58 446 more shares were traded than the day before. In total, 155 851 shares bought and sold for approximately $13.76 million.
Quick summary:
- 30 day high of the CRMT stock price was $90.95 and low was $83.10.
- 90 day high was $104.05 and low was $83.10.
- 52 week high for the America - $104.05 and low - $60.55.
Trend
America lies in the middle of a 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 -7.62% during the next 3 months and, with 90% probability hold a price between $74.87 and $91.14 at the end of this period.
Signals
A buy signal was issued from a pivot bottom point on Tuesday June 18, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. America 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 $89.88. On a fall, the stock will find some support from the short-term average at $85.96. 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
America finds support from accumulated volume at $87.47.
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 $3.44 (3.98%) between high and low. For the last week, the stock has had a daily average volatility of 2.86%.
Since the America has been rising for 7 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stoploss: $84.00 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
2.86 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation:
America 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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