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Advansix Inc(ASIX-N)
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Chart of the Day: AdvanSix - A Top Stock to Buy

Barchart - Wed Mar 16, 2022

The Chart of the Day belongs to the specialty chemical company AdvanSix (ASIX).   I found the stock by sorting Barchart's Top Stocks to Buy list first by the closest to its 52 week high, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 3/10 the stock gained 11.36%. 

ASIX AdvanSix

ASIX Price vs Daily Moving Averages ( )

AdvanSix Inc. manufactures and sells polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, alpha-methyl styrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide. It offers its products under the Aegis, Capra, Sulf-N, Nadone, Naxol, and EZ-Blox brands. The company sells its products directly, as well as through distributors. AdvanSix Inc. was incorporated in 2016 and is headquartered in Parsippany, New Jersey. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

  • 40% technical buy signals but increasing
  • 84.40+ Weighted Alpha
  • 83.45% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 9 new highs and up 23.22% in the last month
  • Relative Strength Index 71.64%
  • Technical support level at 48.45
  • Recently traded at 51.00 with a 50 day moving average of 42.61

Fundamental Factors:

  • Market Cap $1.40 billion
  • P/E 10.19
  • Dividend yield 1.02%
  • Revenue expected to grow 17.30% this year
  • Earnings estimated to increase 61.30% this year and continue to compound annually at a rate of 10%

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analysts issued 2 strong buy, 1 buy opinions on the stock
  • The consensus price target is 66.00 with some analysts having a price target as high as 76.00
  • The individual investors following the stock on Motley Fool voted 8 to 0 for the stock to beat the market with the more experienced investors voting 1 to 0 for the same result
  • 31,790 investors are monitoring the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ASIX over the next 72 hours..

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Provided Content: Content provided by Barchart. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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