CRMT Forecast and Technical Stock Analysis
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.
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.
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.
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.
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 volatilityOverall risk:
Very Low Low Medium High Very High
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.
Golden Star Signal
This unique 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 substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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