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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
10/08/2024 11:13:00 EST
Acuity Brands Inc (AYI)
Industry: Electrical Equipment & Parts
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, AYI has been trading in a range between $300.20 and $248.05 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
AYI is breaking above top of the recent 20 day range at $300.20 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Acuity Brands Inc $AYI entered a Green zone 38 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $188.57, a potential down side of -38.76% from the recent price of 307.92. The stock is trading 0.99% (potential upside) below its 52 week high of $310.96 and 96.68 % (potential downside) above its 52 week low of $156.56 - based on the recent price.
Company Summary
Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG).
News
| AYI Stock Trades Near 52-Week High: Is it Still Worth Buying? Despite trading near its 52-week high, Acuity Brands remains a strong buy, thanks to its strong financial performance, ongoing product innovation and positive earnings estimate revisions. Source: Zacks Investment Research Mon, 07 Oct 2024 11:40:23 -0400 Sentiment: Positive |
| AYI: Why Acuity Brands Stock is Moving Today The stock of Acuity Brands (AYI, Financial) saw an upswing today as its price reached $303.79, marking a 1.93% increase. This boost comes on the heels of the company releasing impressive fiscal fourth-quarter 2024 results, fostering strong investor confidence. Source: GuruFocus Fri, 04 Oct 2024 11:26:11 -0400 Sentiment: Positive |
| Why Shares of Acuity Brands Are Soaring This Week Between the company's strong recent performance and its encouraging outlook, investors are excited about Acuity Brands stock. Source: The Motley Fool Fri, 04 Oct 2024 11:10:01 -0400 Sentiment: Positive |
| Why Acuity Brands (AYI) is a Top Growth Stock for the Long-Term The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. Source: Zacks Investment Research Fri, 04 Oct 2024 10:45:20 -0400 Sentiment: Positive |
| Acuity Brands' Q4 Earnings & Sales Top Estimates, Stock Up AYI's fiscal fourth-quarter results reflect solid ISG contribution, better cost management and operational efficiency. Source: Zacks Investment Research Tue, 01 Oct 2024 13:25:31 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 310.96 52 Week Low: 156.5581 Beta: 1.408 50 Day MA: 254.0616 200 Day MA: 248.6214 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.434 Qtr Revenue Growth YOY: 0.022 Forward PE: 18.315 Trailing PE: 22.9107