Arcosa Inc Stock Forecast
Green day on Friday for Arcosa Inc
(Updated on May 10, 2024)
The Arcosa Inc stock price gained 0.182% on the last trading day (Friday, 10th May 2024), rising from $88.15 to $88.31. During the last trading day the stock fluctuated 1.49% from a day low at $87.14 to a day high of $88.44. The price has risen in 8 of the last 10 days and is up by 14.18% over the past 2 weeks. Volume fell on the last day by -50 thousand shares and in total, 123 thousand shares were bought and sold for approximately $10.88 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.
Given the current horizontal trend, you can expect Arcosa Inc stock with a 90% probability to be traded between $73.90 and $86.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ACA Signals & Forecast
Mostly positive signals in the chart today. The Arcosa Inc 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 $85.97 and $81.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 16.53%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Arcosa Inc stock
Arcosa Inc finds support from accumulated volume at $85.33 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 $1.30 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 1.87%.
The Arcosa Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $85.19 (-3.54%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ACA) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Arcosa Inc to open at $87.96, and during the day (based on 14 day Average True Range), to move between $86.16 and $90.46, which gives a possible trading interval of +/-$2.15 (+/-2.43%) up or down from last closing price. If Arcosa Inc takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $85.33, some $2.98 (3.37%) from the current price of $88.31, our system finds the risk reward attractive.
Is Arcosa Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Arcosa Inc stock to perform well in the short-term period.
Current score: 2.408 Buy Candidate Unchanged
Predicted Opening Price for Arcosa Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $87.96 ( 0.393%) | $88.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 89.26 | 1.08 % | |
| R2 | 88.77 | 0.517 % | ||
| R1 | 88.46 | 0.170 % | ||
| Current price: | 88.31 | |||
| Support | S1 | 87.47 | -0.95 % | |
| S2 | 87.16 | -1.30 % | ||
| S3 | 86.66 | -1.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 88.31 | |||
| Support | S1 | 85.33 | -3.37% | |
| S2 | 77.62 | -12.11% | ||
| S3 | 75.88 | -14.08% |
ACA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.0500 | 0.0658% |
| 2 | Dec 14, 2023 | Jan 11, 2024 | Jan 31, 2024 | $0.0500 | 0.0639% |
| 3 | Sep 07, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.0500 | 0.0724% |
| 4 | May 09, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.0500 | 0.0648% |
| 5 | Mar 02, 2023 | Apr 13, 2023 | Apr 28, 2023 | $0.0500 | 0.0740% |
FAQ
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