American Eagle Outfitters Inc Stock Forecast
American Eagle Outfitters Inc stock price ended at $25.79 on Thursday, after gaining 2.59%.
(Updated on Mar 28, 2024)
The American Eagle Outfitters Inc stock price gained 2.59% on the last trading day (Thursday, 28th Mar 2024), rising from $25.14 to $25.79. It 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. During the last trading day the stock fluctuated 2.83% from a day low at $25.23 to a day high of $25.95. The price has risen in 8 of the last 10 days and is up by 11.74% 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, 534 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $96.86 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $26.29 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.27% during the next 3 months and, with a 90% probability hold a price between $28.44 and $32.40 at the end of this 3-month period.
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AEO Signals & Forecast
The American Eagle Outfitters 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 $25.19 and $23.44. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.348%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for American Eagle Outfitters Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $23.45 and $23.00. 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, American Eagle Outfitters Inc finds support just below today's level at $23.45. If this is broken, then the next support from accumulated volume will be at $23.00 and $21.06.
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 $0.715 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 3.15%.
Our recommended stop-loss: $24.86 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AEO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect American Eagle Outfitters Inc to open at $25.66, and during the day (based on 14 day Average True Range), to move between $24.92 and $26.66, which gives a possible trading interval of +/-$0.87 (+/-3.38%) up or down from last closing price. If American Eagle Outfitters Inc takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.88 (0.35%) than the support at $23.45 (9.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is American Eagle Outfitters Inc stock A Buy?
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 American Eagle Outfitters Inc stock to perform well in the short-term.
Current score: 3.048 Buy Candidate Unchanged
Predicted Opening Price for American Eagle Outfitters Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$25.66 ( 0.523%) | $25.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.37 | 2.25 % | |
R2 | 26.10 | 1.19 % | ||
R1 | 25.93 | 0.536 % | ||
Current price: | 25.79 | |||
Support | S1 | 25.38 | -1.58 % | |
S2 | 25.21 | -2.24 % | ||
S3 | 24.94 | -3.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 25.88 | 0.349 % | ||
Current price | 25.79 | |||
Support | S1 | 23.45 | -9.07% | |
S2 | 23.00 | -10.82% | ||
S3 | 21.06 | -18.34% |
AEO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 04, 2024 | Apr 11, 2024 | Apr 26, 2024 | $0.125 | 0.485% |
2 | Dec 13, 2023 | Jan 05, 2024 | Jan 19, 2024 | $0.125 | 0.618% |
3 | Dec 13, 2023 | Jan 04, 2024 | Jan 19, 2024 | $0.125 | 0.618% |
4 | Sep 13, 2023 | Oct 12, 2023 | Oct 27, 2023 | $0.100 | 0.575% |
5 | Jun 07, 2023 | Jul 06, 2023 | Jul 21, 2023 | $0.100 | 0.776% |
FAQ
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