AOUT Technical Analysis - AMERICAN OUTDOOR BRANDS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to AOUT. AOUT'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

85% of all other stocks performed better in the past year than AOUT.

AOUT is one of the lesser performing stocks in the Leisure Products industry. 65% of 33 stocks in the same industry do better.

AOUT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month AOUT has a been trading in the 8.10 - 10.68 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMERICAN OUTDOOR BRANDS INC / AOUT Weekly stock chart

AMERICAN OUTDOOR BRANDS INC / AOUT Daily stock chart

Setup Rating and Analysis

AOUT has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.42

10.22

We found 1 important support area.

Support @8.51 from a horizontal line in the weekly time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 8.96 to 8.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 9.72 to 9.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @10.12 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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 AOUT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AOUT is down.
ChartMill Relative Strength	15.59	NEGATIVE	AOUT has a low relative strength, it was outperformed by 84.41% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AOUT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AOUT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AOUT is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.68	NEUTRAL	The RSI value for AOUT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests AOUT has a negative trend, although the MACD value is rising.
Stochastics (14,3)	29.63	NEUTRAL	The Stochastics value for AOUT is a neutral value.
Average True Range in percent/ATR (20)	5.13	HIGH VOLATILITY	The high ATR as a percentage value for AOUT suggests high volalility.
Average Directional Index/ADX (14)	21.27	NEUTRAL	The ADX value for AOUT suggests a possible start of a new trend.