Advance Auto Parts (AAP, $120.34) is expected to pay dividends on April 28, 2023
Advance Auto Parts (AAP, $120.34) is expected to pay dividends on April 28, 2023, with a dividend of $1.5 per share. The record date for the dividend is also April 28, 2023, and the ex-dividend date is April 13, 2023. This means that in order to receive the dividend, investors must purchase AAP shares before the ex-dividend date.
It's important to note that the ex-dividend date is typically set a few business days before the record date. This is because the settlement process for stock transactions takes a few days, and the record date is when the company finalizes its list of shareholders who are eligible to receive the dividend. If you purchase AAP shares on or after the ex-dividend date, you will not be eligible to receive the upcoming dividend payment, and instead, the dividend will be retained by the seller.
Investors who are interested in receiving the dividend should consider purchasing AAP shares before the ex-dividend date of April 13, 2023. By doing so, they will be considered shareholders of record on the record date of April 28, 2023, and will be eligible to receive the $1.5 per share dividend.
In addition to the upcoming dividend, there are also technical indicators that may be of interest to investors. AAP's Moving Average Convergence Divergence (MACD) Histogram turned positive on March 29, 2023. The MACD is a popular technical indicator used by traders to identify potential trend reversals, and a positive MACD Histogram suggests bullish momentum.
Looking at historical data, when AAP's MACD turned positive in the past, the stock continued to rise in 36 out of 44 cases over the following month. This implies that there is an 82% chance of a continued upward trend in AAP's stock price based on historical patterns.
Of course, it's important to note that past performance is not indicative of future results, and technical indicators should be used in conjunction with other forms of analysis and due diligence when making investment decisions. Investors should carefully consider their own risk tolerance, financial goals, and other relevant factors before making any investment decisions, including buying or selling AAP shares based on technical indicators or dividend payments.
Advance Auto Parts (AAP) is expected to pay a dividend of $1.5 per share on April 28, 2023, with a record date and ex-dividend date of April 28, 2023, and April 13, 2023, respectively. Investors who are interested in receiving the dividend should consider purchasing AAP shares before the ex-dividend date. Additionally, AAP's MACD Histogram recently turned positive, which may suggest a bullish momentum, based on historical patterns. However, investors should conduct their own research and analysis before making any investment decisions.
AAP in upward trend: 10-day moving average moved above 50-day moving average on April 26, 2024
The 10-day moving average for AAP crossed bullishly above the 50-day moving average on April 26, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AAP's RSI Indicator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 25, 2024. You may want to consider a long position or call options on AAP as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAP advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .
AAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where AAP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AAP turned negative on April 01, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
AAP moved below its 50-day moving average on April 25, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for AAP entered a downward trend on April 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AAP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.019) is normal, around the industry mean (12.709). AAP's P/E Ratio (170.860) is considerably higher than the industry average of (35.640). Projected Growth (PEG Ratio) (1.623) is also within normal values, averaging (2.536). Dividend Yield (0.026) settles around the average of (0.033) among similar stocks. P/S Ratio (0.451) is also within normal values, averaging (87.325).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AAP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
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an operator of automotive parts and accessories stores
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