Arca Continental, S.A.B. de C.V. Stock Forecast
Arca Continental, S.A.B. de C.V. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Arca Continental, S.A.B. de C.V. stock price fell by -1.27% on the last day (Friday, 17th May 2024) from $168.98 to $166.84. During the last trading day the stock fluctuated 2.04% from a day low at $166.36 to a day high of $169.76. The price has fallen in 6 of the last 10 days and is down by -0.2% for this period. Volume has increased on the last day by 631 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 631 thousand shares were bought and sold for approximately $105.20 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.20% during the next 3 months and, with a 90% probability hold a price between $134.67 and $148.04 at the end of this 3-month period. 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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AC.MX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.25%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arca Continental, S.A.B. de C.V. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $170.26 and $170.78. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Arca Continental, S.A.B. de C.V. stock
Arca Continental, S.A.B. de C.V. finds support from accumulated volume at $165.81 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 $3.40 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: $158.52 (-4.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (AC.MX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Arca Continental, S.A.B. de C.V. to open at $167.65, and during the day (based on 14 day Average True Range), to move between $162.39 and $171.29, which gives a possible trading interval of +/-$4.45 (+/-2.67%) up or down from last closing price. If Arca Continental, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $167.68 (0.50%) than the support at $165.81 (0.62%), 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 Arca Continental, S.A.B. de C.V. stock A Buy?
Arca Continental, S.A.B. de C.V. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Arca Continental, S.A.B. de C.V. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $167.65 ( 0.487%) | $166.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AC.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 171.05 | 2.53 % | |
| R2 | 169.75 | 1.75 % | ||
| R1 | 168.95 | 1.27 % | ||
| Current price: | 166.84 | |||
| Support | S1 | 166.35 | -0.291 % | |
| S2 | 165.55 | -0.772 % | ||
| S3 | 164.25 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 187.93 | 12.64 % | |
| R2 | 167.98 | 0.683 % | ||
| R1 | 167.68 | 0.503 % | ||
| Current price | 166.84 | |||
| Support | S1 | 165.81 | -0.617% | |
| S2 | 165.70 | -0.683% | ||
| S3 | 165.53 | -0.785% |
AC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | Apr 11, 2024 | $3.80 | 2.22% |
| 2 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | $0 | 0% |
| 3 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | $3.50 | 2.10% |
| 4 | Nov 25, 2022 | Nov 25, 2022 | Nov 25, 2022 | $3.00 | 1.85% |
| 5 | Apr 13, 2022 | Apr 13, 2022 | Apr 13, 2022 | $3.18 | 2.57% |
FAQ
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