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CRMT

Americas Car Mart Testing Multi-Year Demand Zone (Buy Zone)Hi guys! This is a MACRO Analysis on AMericas Car Mart (CRMT). Macro meaning larger timeframe aka the 2 week in this instance. Macro moves tend to speak louder than smaller timeframes like the 1 day for example when they start to move in price. I believe CRMT has come to an important area and poses a great trade setup in my opinion. If we look to Price action. Notice 2 Support trendlines outlined. These are MULTI Year Support zones. When price reached the trendlines, we ended up bouncing UP. Notice our current price indicated by Orange box. Our 2 support trendlines have converged. When 2 support trendlines meet it strengthens the Support. Also notice the 21 EMA (Purple moving average) -> We have been below this since Septemberish of 2023. Moves below 21 EMA especially on the 2 week pose for good Buy zones as well. So the combination of converging Support lines and being below 21 EMA = Good area to take positions Now notice the 2 indicators ive included. These are momentum indicators. STOCH RSI has crossed BULLISH. (where blue line moves above orange line) Momentum can pick up and start a move up once this crosses ABOVE the 20 lvl. MACD is currently below the 0 lvl. With the histogram bars changing from dark red to light red. This indicates a waning of bearish momentum. It is also attempting to create a higher low. All good signs. Look for a Bullish cross and green bars to show up. That will help drive prices up. A cross ABOVE 0 lvl would bring about massive moves up. Continue to monitor the indicators and price to stay above the Support zone indicated. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on CRMT in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:CRMTLong
by SafofAllTrades
CRMT, Aroon Indicator entered an Uptrend on Oct 22, 2020.Over the last three days, Tickeron A.I.dvisor has detected that CRMT's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 282 similar cases, 244 of which were successful. Based on this data, the odds of success are 87%. Current price $93.65 crossed the resistance line at $92.94 and is trading between $96.89 support and $92.94 resistance lines. Throughout the month of 09/22/20 - 10/22/20, the price experienced a +6% Uptrend, while the week of 10/15/20 - 10/22/20 shows a -2% Downtrend. Bullish Trend Analysis The Momentum Indicator moved above the 0 level on October 01, 2020. You may want to consider a long position or call options on CRMT as a result. Tickeron A.I. detected that in 82 of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%. The Moving Average Convergence Divergence (MACD) for CRMT just turned positive on October 02, 2020. Looking at past instances where CRMT's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 35 of 43 cases over the following month. The odds of a continued upward trend are 81%. Following a +2.42% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRMT advanced for three days, in 254 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 79%. The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 244 of 282 cases where CRMT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.
NASDAQ:CRMTLong
by AlTorress
CRMT, MACD Histogram just turned positiveThis is a Bullish indicator signaling CRMT's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 43 similar cases where CRMT's MACD histogram became positive, and 32 of them led to successful outcomes. Odds of Success: 74%. Current price $90.19 crossed the support line at $87.08 and is trading between $90.56 support and $87.08 support lines. Throughout the month of 09/01/20 - 10/02/20, the price experienced a -14% Downtrend, while the week of 09/25/20 - 10/02/20 shows a +4% Uptrend. Bullish Trend Analysis The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 50 cases where CRMT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%. The Momentum Indicator moved above the 0 level on October 01, 2020. You may want to consider a long position or call options on CRMT as a result. Tickeron A.I. detected that in 77 of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%. The Moving Average Convergence Divergence (MACD) for CRMT just turned positive on October 02, 2020. Looking at past instances where CRMT's MACD turned positive, the stock continued to rise, Tickeron AI shows in 32 of 43 cases over the following month. The odds of a continued upward trend are 74%. Following a +4.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRMT advanced for three days, in 255 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 79%. CRMT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
NASDAQ:CRMTLong
by AlTorress
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