Acuity Brands (AYI) is expect to report its latest quarterly figures before the opening of trading on Wednesday, Oct. 6. What do the charts and indicators of this lighting and building management company look like?
In the daily bar chart of AYI, below, we can see that the shares have been trading in a choppy sideways manner the past five months. Prices have crossed below and above the 50-day moving average line several times since early July but remain above the rising 200-day moving average.
The On-Balance-Volume (OBV) line has remained very steady since early May and trading volume looks like it has been increasing slightly the past six weeks. The Moving Average Convergence Divergence (MACD) oscillator made a low in July and a higher low in September. The next move for this indicator looks to be a cross above the zero line for a buy signal.