Uptrend
Price level at 244 was a s/r level and its been broken by a good bullish candle today. In my view, it is a good buying position in a strong uptrend. About 233 could be a sure SL for it and next targets at about 273 and 300 .
AYI is currently breaking through a pivot that's been in place since 2015. Price currently above the major EMAs and has been riding the 20 EMA on the daily chart nicely. A follow through on this break could send price back up to test ATH at $280.
Analyzing the options chain of AYI Acuity Brands prior to the earnings report this week,
I would consider purchasing the 160usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $6.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your...
Information to have in mind:
I've graphed a few historic values that most analysts have in their notes.
Acuity Brands, Inc. reports their earnings 04/04/23 BMO: I'm anticipating the market will buy the surprise.
The %B is at a good value to "signal oversold".
Price is now settling above the middle line of a strong channel.
I expect this to be a prompt reversal and price to rise above this up channel as it has in the past
The $400 psychological level looks nice right now following a breakout
Bullish
Acuity Brands, Inc (AYI) is an industrial technology company. They provide lighting and building management solutions in North America and internationally. The company was incorporated in 2001 and is headquartered in Atlanta, Georgia. AYI is a component of the S&P 400 Mid Cap Index
Market Cap: 5.968B
Beta (5Y Monthly): 1.54
PE Ratio (TTM): 16.75
Average Volume:...
Price is under the neckline.
Price is up a bit, not much, after very good earnings were released.
Neckline slopes up to the 2nd shoulder.
AYI has a history of earnings beat and I will one day go long again on this security. Just not now )o:
Price may climb up a bit more. Just never know.
No recommendation
Hey people, ACUITY BRANDS is in a bullish configuration with high negotiated buying volume and a marubozu. On the TIMEFRAME M1 we can see a marubozu with an explosion on the volume of purchase made, it goes towards the highest of the bollinger to test it. In order to break it in force and come over the top of the stabilization area for a retest. Big potential to...
$AYI is trading lower pushing beyond the lower projected boundary of the PEAD cone, with good room for a bullish move following the projection back towards the median line.
To my surprise AYI Beat earnings / EPS today
Acuity brands is trading in an ABC bullish pattern ad break out was 91.5 Perhaps there will be a pull back tomorrow as there often is. It looks like AYI was stopped cold at the bottom of prior gap down. Perhaps a level to watch
Target 1: 114 to 121
Target 2: 140 to 160
I will place my stop under 85
Hypothetical trade...
I expect this to rise or churn before earnings. RSI and MACD show Bullish. I have opened a Calendar Spread and will close out before Earnings on July 3, 2019.
AYI cannot break 135 resistance level almost 4 times already. MACD is declining and in the past two weeks red volume bars are more dominant. Therefore, Maybe now it's the perfect time for shorting AYI. Stop loss is 134. 1st target is 121 and 2nd target is 112.
