AMERICAN WOODMARK CORP (AMWD) Stock Technical Analysis
NASDAQ:AMWD - Nasdaq - US0305061097 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to AMWD. AMWD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
AMWD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 61.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.45, a Stop Loss order could be placed below this zone.
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52.50
When analyzing the support we notice one important area.
- A support zone ranging from 53.03 to 54.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 61.48 to 61.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @102.27 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AMWD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AMWD is neutral. |
| ChartMill Relative Strength | 16.14 | NEGATIVE | AMWD has a low relative strength, it was outperformed by 83.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AMWD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AMWD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AMWD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.75 | NEUTRAL | The RSI value for AMWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests AMWD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.64 | NEUTRAL | The Stochastics value for AMWD is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for AMWD suggests some volalility. |
| Average Directional Index/ADX (14) | 11.59 | NEGATIVE | The low ADX value for AMWD suggests a weak or negative trend. |
57.89
+1.93 (+3.45%)