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.
- 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.
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.
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.
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.
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
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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.
|KMX $98.00 ($1.16 1.20%)|
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