Amerco Forecast and Stock Analysis
Technical UHAL stock analysis for April 24, 2019.
Amerco gained 1.22% in the last trading day, rising from $374.20 to $378.76 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 2.31% 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, 13 521 more shares were traded than the day before. In total, 41 482 shares bought and sold for approximately $15.71 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the UHAL stock was $378.76. This is 1.22% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.99% from a day low at $373.45 to a day high of $380.90.
30 day high of the UHAL stock price was $384.00 and low was $357.45.
90 day high was $387.95 and low was $342.34.
52 week high for the Amerco - $387.95 and low - $316.00.
Given the current horizontal trend you can expect Amerco with 90% probability to be traded between $363.05 and $391.65 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.
Only positive signals in the chart today. Amerco 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 $371.00 and $370.97. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 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.
* 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Amerco finds support from accumulated volume at $376.42.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $7.45 (1.99%) between high and low. For the last week, the stock has had a daily average volatility of 1.79%.
Our recommended stoploss: $361.04 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Evaluation: Strong Buy Candidate
Amerco holds several positive signals and is considered to be a good choice at current levels. We expect the stock to perform great in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|Golden Star Signal|
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|UHAL $378.76 ($4.56 1.22%)|
UHAL is up $4.56 today, but where's it headed in 2019?
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