AptarGroup Inc Stock Forecast
Green day on Thursday for AptarGroup Inc stock after gaining 0.513%
(Updated on Apr 18, 2024)
The AptarGroup Inc stock price gained 0.513% on the last trading day (Thursday, 18th Apr 2024), rising from $138.40 to $139.11. During the last trading day the stock fluctuated 0.88% from a day low at $138.22 to a day high of $139.44. The price has fallen in 7 of the last 10 days and is down by -1.86% for this period. Volume fell on the last day by -114 thousand shares and in total, 235 thousand shares were bought and sold for approximately $32.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $137.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.76% during the next 3 months and, with a 90% probability hold a price between $148.59 and $158.65 at the end of this 3-month period.
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ATR Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AptarGroup Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $141.10. On a fall, the stock will find some support from the short-term average at $138.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -3.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for AptarGroup Inc stock
AptarGroup Inc finds support from accumulated volume at $138.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.22 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect AptarGroup Inc to open at $138.92, and during the day (based on 14 day Average True Range), to move between $137.25 and $140.97, which gives a possible trading interval of +/-$1.86 (+/-1.34%) up or down from last closing price. If AptarGroup Inc takes out the full calculated possible swing range there will be an estimated 2.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $138.96 (0.11%) than the resistance at $139.69 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
AptarGroup Inc will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.13. We will update the financials statements for AptarGroup Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.93% in the first trading day after earnings release.
Is AptarGroup Inc stock A Buy?
The AptarGroup Inc stock holds several negative signals and despite the positive trend, we believe AptarGroup Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.065 Sell Candidate Unchanged
Predicted Opening Price for AptarGroup Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $138.92 ( 0.134%) | $139.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.14 | 0.743 % | |
| R2 | 139.68 | 0.408 % | ||
| R1 | 139.39 | 0.201 % | ||
| Current price: | 139.11 | |||
| Support | S1 | 138.46 | -0.469 % | |
| S2 | 138.17 | -0.676 % | ||
| S3 | 137.70 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 141.75 | 1.90 % | |
| R2 | 140.31 | 0.86 % | ||
| R1 | 139.69 | 0.417 % | ||
| Current price | 139.11 | |||
| Support | S1 | 138.96 | -0.108% | |
| S2 | 137.61 | -1.08% | ||
| S3 | 132.12 | -5.02% |
ATR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 24, 2024 | May 16, 2024 | $0.410 | 0.295% |
| 2 | Jan 31, 2024 | Jan 31, 2024 | Feb 22, 2024 | $0.410 | 0.290% |
| 3 | Oct 25, 2023 | Oct 25, 2023 | Nov 16, 2023 | $0.410 | 0.321% |
| 4 | Jul 13, 2023 | Jul 26, 2023 | Aug 17, 2023 | $0.410 | 0.337% |
| 5 | Apr 20, 2023 | May 03, 2023 | May 25, 2023 | $0.380 | 0.335% |
FAQ
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