AMERICAN OUTDOOR BRANDS INC (AOUT) Stock Technical Analysis
NASDAQ:AOUT • US02875D1090
We assign a technical rating of 6 out of 10 to AOUT. In the last year, AOUT was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, AOUT is a bad performer in the overall market: 64% of all stocks are doing better.
- AOUT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- AOUT is an average performer in the Leisure Products industry, it outperforms 53% of 31 stocks in the same industry.
- In the last month AOUT has a been trading in the 8.27 - 9.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AOUT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.67, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AOUT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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8.38
We found 2 important support areas.
- A support zone ranging from 8.64 to 8.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.46 to 8.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.52 to 9.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AOUT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AOUT is up. |
| ChartMill Relative Strength | 36.06 | NEUTRAL | AOUT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AOUT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AOUT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AOUT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.25 | NEUTRAL | The RSI value for AOUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AOUT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 52.16 | NEUTRAL | The Stochastics value for AOUT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for AOUT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.24 | NEGATIVE | The low ADX value for AOUT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.54 | 8.63 | 0.91 (9.54%) | 10.48% |
| An entry @9.54. This is a Buy Stop order right above the resistance zone. | An exit @8.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.91 points, which is 9.54%. | For a 1.00% total portfolio risk, you can invest 10.48% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.39
+0.36 (+3.99%)
AMERICAN OUTDOOR BRANDS INC / AOUT FAQ
What is the ChartMill technical rating of AMERICAN OUTDOOR BRANDS INC (AOUT) stock?
ChartMill assigns a technical rating of 6 / 10 to AOUT.
Can you provide the trend direction for AMERICAN OUTDOOR BRANDS INC?
The current trend direction for AMERICAN OUTDOOR BRANDS INC (AOUT) is Bearish.
What is the RSI signal for AOUT stock?
AMERICAN OUTDOOR BRANDS INC (AOUT) has an RSI value of 59.2454. This indicates that the stock is currently neutral.
What is the support and resistance level for AOUT stock?
AMERICAN OUTDOOR BRANDS INC (AOUT) has a support level at 8.67 and a resistance level at 9.52. Check the full technical report for our detailed analysis of AOUT support and resistance levels.