Weaker Buy Today KMX ranks #809 as BUY CANDIDATE #809 Stronger Buy

KMX stock forecast CarMax Inc

KMX stock forecast

VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

KMX Forecast and Technical Stock Analysis

PDF
Buy candidate since 2019-07-10 Loss -2.94%

CarMax Inc fell by -2.07% in the last day ( Friday, 19th Jul 2019 ) from $86.63 to $84.84 During the day the stock fluctuated 2.87% from a day low at $84.66 to a day high of $87.09. The price has fallen in 7 of the last 10 days and is down by -4.11% for this period. 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 -0.23 million shares and in total 1.89 million shares bought and sold for approximately $160.35 million.

Quick summary:

  • 30 day high of the KMX stock price was $89.40 and low was $81.16.
  • 90 day high was $89.40 and low was $75.10.
  • 52 week high for CarMax Inc - $89.40 and low - $55.24.
Top Trending Stocks

Trend

CarMax Inc lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $84.09 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.86% during the next 3 months and, with 90% probability hold a price between $98.27 and $106.62 at the end of this period.

Top Golden Star Stocks

Signals

CarMax Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $87.07. On a fall, the stock will find some support from the long-term average at approximately $84.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 18, 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.

A sell signal from a double bottom formation was found on Friday July 12, 2019 with a target of $85.92. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 42 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

CarMax Inc finds support from accumulated volume at $83.00.

Support: $83.00 Price: $84.84 Resistance: $85.64

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 $2.43 (2.87%) between high and low. For the last week, the stock has had daily average volatility of 2.64%.

Our recommended stop-loss: $80.42 (-5.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

2.64 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Weaker Buy Today KMX ranks #809 as BUY CANDIDATE #809 Stronger Buy

Will KMX stock price go up or down on Mon, 22 Jul 2019?

Predict
Trading With Moving Average
As an investor, you always seek to understand what other... Full Article
Pivot Points
Pivot Points refer to points of significant change. As a... Full Article
Accumulated Volume - Support and Resistance
Volume is perhaps the best indicator of all and should... Full Article
Volume - The Indicator You Really Need to Know
Many new traders getting into the world of technical analysis... Full Article
We Give Back!
In 2016 StockInvest.us donated to NGO Goodwill projects to help purchase medical... Full Article
Better Buy: Amazon vs. Facebook
Amazon's stock slipped 21% over the past six months, as... Full Article

Proudly made at

ROCKIT