AECOM Stock Forecast
AECOM stock price up 0.791% on Thursday
(Updated on Mar 28, 2024)
The AECOM stock price gained 0.791% on the last trading day (Thursday, 28th Mar 2024), rising from $97.31 to $98.08. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.66% from a day low at $97.09 to a day high of $98.70. The price has risen in 8 of the last 10 days and is up by 7.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 314 thousand more shares were traded than the day before. In total, 831 thousand shares were bought and sold for approximately $81.49 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $98.88 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.33% during the next 3 months and, with a 90% probability hold a price between $95.92 and $105.14 at the end of this 3-month period.
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ACM Signals & Forecast
The AECOM stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $97.10 and $91.43. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.325%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AECOM stock
On the downside, the stock finds support just below today's level from accumulated volume at $89.73 and $88.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AECOM finds support just below today's level at $89.73. If this is broken, then the next support from accumulated volume will be at $88.83 and $88.75.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.61 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $94.49 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (ACM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect AECOM to open at $97.96, and during the day (based on 14 day Average True Range), to move between $96.41 and $99.75, which gives a possible trading interval of +/-$1.67 (+/-1.70%) up or down from last closing price. If AECOM takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $98.40 (0.33%) than the support at $89.73 (8.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is AECOM stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AECOM stock to perform well in the short-term.
Current score: 1.458 Buy Candidate Unchanged
Predicted Opening Price for AECOM of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$97.96 ( 0.126%) | $98.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 99.57 | 1.52 % | |
R2 | 98.95 | 0.89 % | ||
R1 | 98.57 | 0.501 % | ||
Current price: | 98.08 | |||
Support | S1 | 97.34 | -0.753 % | |
S2 | 96.96 | -1.14 % | ||
S3 | 96.35 | -1.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 98.40 | 0.326 % | ||
Current price | 98.08 | |||
Support | S1 | 89.73 | -8.51% | |
S2 | 88.83 | -9.43% | ||
S3 | 88.75 | -9.51% |
ACM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Apr 23, 2024 | May 10, 2024 | $0.220 | 0.224% |
2 | Jan 03, 2024 | Jan 03, 2024 | Jan 19, 2024 | $0.220 | 0.249% |
3 | Sep 13, 2023 | Oct 04, 2023 | Oct 20, 2023 | $0.180 | 0.231% |
4 | Jun 07, 2023 | Jul 05, 2023 | Jul 21, 2023 | $0.180 | 0.204% |
5 | Mar 01, 2023 | Apr 04, 2023 | Apr 21, 2023 | $0.180 | 0.219% |
FAQ
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