ATRION Corporation Stock Forecast
ATRION Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)
The ATRION Corporation stock price gained 4.66% on the last trading day (Wednesday, 24th Apr 2024), rising from $405.29 to $424.19. During the last trading day the stock fluctuated 5.62% from a day low at $402.65 to a day high of $425.27. The price has fallen in 6 of the last 10 days and is down by -0.79% for this period. Volume fell on the last day by -18 thousand shares and in total, 21 thousand shares were bought and sold for approximately $8.85 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 middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.60% during the next 3 months and, with a 90% probability hold a price between $488.39 and $612.71 at the end of this 3-month period.
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ATRI Signals & Forecast
The ATRION Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $403.61 and $419.79. 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 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -8.49%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ATRION Corporation stock
ATRION Corporation finds support from accumulated volume at $405.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $22.62 between high and low, or 5.62%. For the last week, the stock has had daily average volatility of 5.67%.
Our recommended stop-loss: $408.07 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (ATRI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect ATRION Corporation to open at $417.37, and during the day (based on 14 day Average True Range), to move between $404.06 and $444.32, which gives a possible trading interval of +/-$20.13 (+/-4.74%) up or down from last closing price. If ATRION Corporation takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $427.58 (0.80%) than the support at $405.29 (4.46%), 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 ATRION Corporation stock A Buy?
ATRION Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.072 Hold/Accumulate Upgraded
Predicted Opening Price for ATRION Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $417.37 ( 1.61%) | $424.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATRI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 439.98 | 3.72 % | |
| R2 | 431.34 | 1.69 % | ||
| R1 | 426.01 | 0.428 % | ||
| Current price: | 424.19 | |||
| Support | S1 | 408.73 | -3.64 % | |
| S2 | 403.39 | -4.90 % | ||
| S3 | 394.75 | -6.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 441.74 | 4.14 % | |
| R2 | 436.10 | 2.81 % | ||
| R1 | 427.58 | 0.799 % | ||
| Current price | 424.19 | |||
| Support | S1 | 405.29 | -4.46% | |
| S2 | 403.10 | -4.97% | ||
| S3 | 402.35 | -5.15% |
ATRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0 | 0% |
| 2 | Nov 13, 2023 | Nov 30, 2023 | Dec 15, 2023 | $2.20 | 0.605% |
| 3 | Aug 22, 2023 | Sep 14, 2023 | Sep 29, 2023 | $2.20 | 0.532% |
| 4 | May 23, 2023 | Jun 14, 2023 | Jun 30, 2023 | $2.15 | 0.380% |
| 5 | Feb 27, 2023 | Mar 14, 2023 | Mar 31, 2023 | $2.15 | 0.342% |
FAQ
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