Weaker Buy Today KMX ranks #39 as BUY CANDIDATE #39 Stronger Buy

KMX stock forecast CarMax Inc

KMX stock forecast

Friday November 15, 2019 Change 1.20% Price $98.00
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

KMX Forecast and Technical Stock Analysis


Buy candidate since 2019-10-22 Gain 4.06% PDF

CarMax Inc gained 1.20% in the last trading day ( Friday, 15th Nov 2019 ), rising from $96.84 to $98.00 , and has now gained 6 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 the day the stock fluctuated 1.81% from a day low at $96.49 to a day high of $98.24. The price has risen in 7 of the last 10 days and is up by 3.31% 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, 0.35 million more shares were traded than the day before. In total, 1.17 million shares bought and sold for approximately $114.78 million.

Quick summary:

  • 30 day high of the KMX stock price was $98.24 and low was $91.33.
  • 90 day high was $98.24 and low was $79.37.
  • 52 week high for CarMax Inc - $98.24 and low - $55.24.
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Trend

CarMax Inc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.99% during the next 3 months and, with 90% probability hold a price between $108.64 and $118.67 at the end of this period.

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Signals

Only positive signals in the chart today. CarMax Inc 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 $95.44 and $92.33. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday November 08, 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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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 64 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

On the downside, the stock finds support just below today's level from accumulated volume at $86.90 and $86.74.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CarMax Inc finds support just below today's level at $86.90. If this is broken, then the next support from accumulated volume will be at $86.74 and $86.08.

Support: $86.90 Price: $98.00

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 $1.75 (1.81%) between high and low. For the last week, the stock has had daily average volatility of 1.92%.

Since the CarMax Inc has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $93.58 (-4.51%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

1.92 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

CarMax Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Weaker Buy Today KMX ranks #39 as BUY CANDIDATE #39 Stronger Buy
Exchange: NASDAQ | NYSE | XLON | AMS | TSX | BRU

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