RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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CarMax Inc stock price up 0.149% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 22, 2024 Gain 19.51% PDF

The CarMax Inc stock price gained 0.149% on the last trading day (Thursday, 28th Mar 2024), rising from $86.98 to $87.11. During the last trading day the stock fluctuated 1.41% from a day low at $86.92 to a day high of $88.14. The price has risen in 6 of the last 10 days and is up by 7.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 378 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $168.81 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $84.98, a level that may pose a second chance to hit a runner. According to fan-theory $92.82 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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KMX Signals & Forecast

The CarMax Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $85.81 and $78.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 23.35%. Further rise is indicated 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, February 07, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for CarMax Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $72.53 and $71.88. There is a 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 $72.53. If this is broken, then the next support from accumulated volume will be at $71.88 and $71.83.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.23 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.79%.

Our recommended stop-loss: $83.92 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (KMX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CarMax Inc to open at $87.39, and during the day (based on 14 day Average True Range), to move between $85.04 and $89.18, which gives a possible trading interval of +/-$2.07 (+/-2.37%) up or down from last closing price. If CarMax Inc takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $72.53, some $14.58 (16.74%) from the current price of $87.11, our system finds the risk reward attractive.

Is CarMax Inc stock A Buy?

CarMax Inc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.619 Strong Buy Candidate Unchanged

Predicted Opening Price for CarMax Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$87.39 ( 0.320%) $87.11

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KMX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 88.62 1.73 %
R2 88.15 1.19 %
R1 87.86 0.86 %
Current price: 87.11
Support S1 86.92 -0.218 %
S2 86.63 -0.550 %
S3 86.16 -1.09 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 87.11
Support S1 72.53 -16.74%
S2 71.88 -17.48%
S3 71.83 -17.54%

FAQ

What is the symbol for CarMax Inc Stock and on which exchange is it traded?
The symbol for CarMax Inc is KMX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell CarMax Inc Stock?
CarMax Inc holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy CarMax Inc Stock?
CarMax Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CarMax Inc Stock.

What's the current price of CarMax Inc Stock?
As of the end of day on the 2024-03-28, the price of an CarMax Inc (KMX) share was $87.11.

What is the 52-week high and low for CarMax Inc Stock?
The 52-week high for CarMax Inc Stock is $88.14 and the 52-week low is $58.22.

What is the market capitalization of CarMax Inc Stock?
As of the 2024-03-28, the market capitalization of CarMax Inc is 13.756B.

When is the next earnings date for CarMax Inc?
The upcoming earnings date for CarMax Inc is Apr 09, 2024.
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About CarMax Inc

CarMax CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles th... KMX Profile

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