Armstrong World Industries, Inc. | AWI

Daily Technical Analysis of Armstrong World Industries, Inc.

There wasn't too much excitement in Armstrong World Industries today which only managed to move up 0.11% on the day.

Currently AWI isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Armstrong World Industries has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Building Materials company has grown 57.41 percent which isn't too bad. AWI may hit some resistance around the 123.21 level, more sellers may enter the market here and push price back down. But it's definitely not guaranteed.

Last analyzed on 2024-03-17

Analyst Ratings for Armstrong World Industries By Price Target And Rating

The balance of viewpoints by the analysts is positive. The current Analysts Sentiment Score is 57.81. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Truist Financial decided to move up their price target on 2024-02-21 to $131.00 which is a 37.89% increase. On 2024-02-21 The Goldman Sachs Group increased their price target by 18.92% to $132.00. UBS Group upgraded from Sell to Neutral on 2024-01-04 and also increased their price target by 37.33% to $103.00. Loop Capital decided to move up their price target on 2023-07-26 to $84.00 which is a 12% increase. On 2023-07-13 Jefferies Financial Group increased their price target by 5.8% to $73.00. Deutsche Bank Aktiengesel gave a boost to their price target and moved to $78.00 from $77.00 on 2023-04-26. Bank of America announced a lowering of their price target to $87.00 from $90.00 on 2023-04-19. Credit Suisse Group reiterated a rating of Outperform on 2023-02-22 and provided a price target of $100.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
AWI	57.81	31.51	0	84.55	-0.45

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-05)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
AWI	0.00	0.00

Short interest for Armstrong World Industries

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
AWI	2.15	%1.9	2.6	-7.062	831800

How Armstrong World Industries compares to the broader Basic Materials sector and the more specific Building Materials industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Building Materials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	27	-0.45	-2.95	-7.24	11.74	50.32	56.93	56.15	128.29	59.01	68.58	-813.68	-28478.26	19.44	8.33	3.65	42.21
Basic Materials Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	131	0.36	-1.11	-1.71	7.13	25.80	24.25	53.59	46.83	22.40	27.80	-6852.53	-17056.17	27.48	2.48	3.76	13.04

Social Sentiment for Armstrong World Industries

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
AWI

Companies with the highest correlation to Armstrong World Industries

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
BLD \| TopBuild Corp. Common Sto	1.13	-1.41	-6.50	-11.77	4.10	68.25	73.98	55	224.28	83.39	107.73	-525.00	-37865.88	0	3.61868
DOOR \| MASONITE INTERNATIONAL CO	1.12	0.00	0.79	-0.15	43.61	62.09	44.10	72	34.94	26.54	42.83	0.00	-24426.04	125	1.89436
FELE \| Franklin Electric Co Inc	1.09	0.93	1.05	-3.47	5.32	18.92	14.09	42	52.56	13.32	18.08	-2322.75	-16246.95	0	2.90561
JELD \| JELD-WEN Holding, Inc.	1.06	-0.22	-4.89	-10.95	0.05	59.88	49.92	63	11.50	27.18	44.08	-338.89	-23352.73	0	3.65736
GMS \| GMS Inc.	1.05	0.19	-4.36	-6.58	10.55	58.25	56.22	84	168.65	51.12	63.73	0.00	-39223.12	0	1.99118
BLDR \| Builders FirstSource, Inc	1.04	-2.88	-4.07	-15.92	4.26	58.93	86.88	46	282.05	74.72	92.53	-875.00	-41353.23	0	3.22821
CSL \| Carlisle Companies, Inc.	1.02	0.00	-1.53	-5.07	18.44	48.98	66.90	72	142.86	88.44	93.51	0.00	-38603.26	0	1.78081
ITT \| ITT Inc.	1.01	-0.15	-2.24	-6.00	4.07	32.13	48.74	53	325.73	113.61	120.18	-1221.61	-42505.43	0	1.7245

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