Londinia Opportunities Analyses - 05/20/2024 (GMT) AMERICAN WOODMARK - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	AMWD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 95.20 USD

My targets

98.45 USD (+2.17%)

102.09 USD (+5.95%)

My analysis

The basic bullish trend is very strong on AMERICAN WOODMARK but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 95.20 USD. Crossing the first resistance at 98.45 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 102.09 USD as an objective. Crossing it would then enable buyers to target 106.03 USD. Caution, a return to below 95.20 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

AMERICAN WOODMARK rating 96.36 USD. The price registered an increase of +0.37% on the session with the lowest point at 95.30 USD and the highest point at 96.50 USD. The deviation from the price is +1.11% for the low point and -0.15% for the high point.

95.30

96.50

96.36

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this AMERICAN WOODMARK chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	93.96	95.20	96.36	96.36	98.45	102.09	106.03
Change (%)	-2.49%	-1.20%	0%	-	+2.17%	+5.95%	+10.04%
Change	-2.40	-1.16	0	-	+2.09	+5.73	+9.67
Level	Intermediate	Minor	Intermediate	-	Intermediate	Major	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.88	93.50	94.76	95.38	96.64	97.26	98.52
Camarilla	95.49	95.67	95.84	96.01	96.18	96.36	96.53
Woodie	93.19	93.66	95.07	95.54	96.95	97.42	98.83
Fibonacci	93.50	94.22	94.67	95.38	96.10	96.55	97.26

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.81	92.47	94.24	95.90	97.67	99.33	101.10
Camarilla	95.07	95.38	95.70	96.01	96.32	96.64	96.95
Woodie	90.87	92.50	94.30	95.93	97.73	99.36	101.16
Fibonacci	92.47	93.78	94.59	95.90	97.21	98.02	99.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71.21	79.92	86.00	94.71	100.79	109.50	115.58
Camarilla	88.01	89.37	90.72	92.08	93.44	94.79	96.15
Woodie	69.90	79.26	84.69	94.05	99.48	108.84	114.27
Fibonacci	79.92	85.57	89.06	94.71	100.36	103.85	109.50

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	56.49
MACD (12,26,9):	0.0900
Directional Movement:	9.13
AROON (14):	57.14
DEMA (21):	95.75
Parabolic SAR (0,02-0,02-0,2):	94.53
Elder Ray (13):	0.60
Super Trend (3,10):	94.57
Zig ZAG (10):	96.29
VORTEX (21):	0.9200
Stochastique (14,3,5):	92.21
TEMA (21):	95.73
Williams %R (14):	-14.77
Chande Momentum Oscillator (20):	1.10
Repulse (5,40,3):	0.7500
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.15

MA7:	95.68
MA20:	94.22
MA50:	95.96
MA100:	94.56
MAexp7:	95.99
MAexp20:	95.67
MAexp50:	95.42
MAexp100:	95.06
Price / MA7:	+0.71%
Price / MA20:	+2.27%
Price / MA50:	+0.42%
Price / MA100:	+1.90%
Price / MAexp7:	+0.39%
Price / MAexp20:	+0.72%
Price / MAexp50:	+0.99%
Price / MAexp100:	+1.37%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on AMERICAN WOODMARK at the time of the analysis were as follows: