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.
- 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.
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.
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.
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 volatility
Very Low Low Medium High Very High
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.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|CRMT $88.28 ($1.75 2.02%)|
CRMT is up $1.75 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for CRMT based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the CRMT analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us