We assign a technical rating of 1 out of 10 to AMWD. AMWD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, AMWD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 57.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 50.84, a Stop Loss order could be placed below this zone.
More info and screens
50.32
When analyzing the support we notice one important area.
- A support zone ranging from 50.83 to 50.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 57.22 to 58.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.66 from a trend line in the weekly time frame.
- Resistance @65.36 from a trend line in the weekly time frame.
- 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 | 12.85 | NEGATIVE | AMWD has a low relative strength, it was outperformed by 87.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AMWD is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AMWD is below 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) | 44.6 | NEUTRAL | The RSI value for AMWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests AMWD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.26 | NEUTRAL | The Stochastics value for AMWD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.17 | MEDIUM VOLATILITY | The ATR as a percentage value for AMWD suggests some volalility. |
| Average Directional Index/ADX (14) | 15.38 | NEGATIVE | The low ADX value for AMWD suggests a weak or negative trend. |
54.54
-1.83 (-3.25%)
AMERICAN WOODMARK CORP / AMWD FAQ
What is the technical rating for AMWD stock?
ChartMill assigns a technical rating of 1 / 10 to AMWD.
What is the current trend direction of AMERICAN WOODMARK CORP (AMWD) stock?
The current trend direction for AMERICAN WOODMARK CORP (AMWD) is Bearish.
Can you provide the RSI signal for AMERICAN WOODMARK CORP?
AMERICAN WOODMARK CORP (AMWD) has an RSI value of 44.6007. This indicates that the stock is currently neutral.
Can you provide the short term momentum for AMERICAN WOODMARK CORP?
The short term momentum for AMERICAN WOODMARK CORP (AMWD) is neutral.