The chart of AAON, Inc. (AAON), a leading manufacturer of air conditioning and heating equipment, reveals a prevailing uptrend on longer timeframes. Shares have climbed 14.46% over the past 30 days and 18.11% year-to-date, reflecting resilient buyer interest despite broader market fluctuations. The stock holds firmly above its 200-day EMA, which continues to serve as reliable support, confirming bullish structure. However, shorter-term consolidation has emerged after testing highs near 116.04, with price action hovering around 93, midway through its 52-week range of 62.00 to 116.04. TradingView ideas highlight a weekly bullish crossover and potential for explosive upside, tempered by recent pullbacks.
Key support clusters around accumulated volume at 92.60 and pivot S1 near 93.41, with deeper levels at 92.72 (S2) and 92.37 (S3). Resistance looms at R1 94.45, R2 94.80, and R3 95.49 via classic pivots, aligning with recent highs. Community analysis flags 87.35 as a critical invalidation/resistance, 79.84 as a breakdown threshold, and lower targets/supports at 73.33 and 64.83 for bearish scenarios. Upside breaks could eye prior breakout targets near 115 from cup-and-handle formations.
Momentum favors bulls, with RSI(14) reading 55.233 (buy signal), steering clear of extremes. MACD(12,26) at 0.44 generates a buy crossover, backed by STOCH(9,6) at 73.638 (buy) and ADX(14) at 34.125 (strong trend). CCI(14) at 111.80 suggests buy territory, though Williams %R at -17.94 flags near-overbought conditions on shorter frames. These align with TradingView's neutral-to-buy oscillator summary, indicating sustained upside potential without immediate divergence risks.
AAON trades above most short- and medium-term MAs, signaling bullish alignment. MA5 (93.38 simple/93.24 exp) and MA10 (92.37/92.91) flash buy, as do MA20 (92.77/92.19), MA50 (91.48/92.46), and MA200 (89.84/91.83). Only MA100 simple at 93.91 shows sell, a minor divergence. This stack supports trend continuation, with MAs defining dynamic support zones during pullbacks.
Recent sessions saw elevated volume topping 1.3 million shares versus an 850K average, coinciding with the day's range of 88.49-94.66. Spikes underscore conviction in the upmove, particularly around potential pattern breakouts discussed in trader ideas.
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Traders eye a breakout above 94.45-95.49 resistance for double bottom or cup-and-handle confirmation, potentially targeting gap fills or 115. A hold above 92.37-93.41 supports uptrend resumption, with 200 EMA as backstop. Breakdown below 79.84 could validate rising wedge bearishness toward 73.33 or 64.83. Monitor RSI for divergences, MACD crossovers, and volume on approaches to pivots for directional cues.
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A.I.dvisor indicates that over the last year, AAON has been loosely correlated with IR. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if AAON jumps, then IR could also see price increases.
| Ticker / NAME | Correlation To AAON | 1D Price Change % | ||
|---|---|---|---|---|
| AAON | 100% | -2.74% | ||
| IR - AAON | 46% Loosely correlated | -2.04% | ||
| APT - AAON | 42% Loosely correlated | -2.90% | ||
| CARR - AAON | 42% Loosely correlated | -4.76% | ||
| LPX - AAON | 42% Loosely correlated | -4.86% | ||
| BXC - AAON | 40% Loosely correlated | -11.17% | ||
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