Albertsons Companies, Inc. Stock Forecast
Red day on Friday for Albertsons Companies, Inc.
(Updated on Apr 19, 2024)
The Albertsons Companies, Inc. stock price fell by -0.538% on the last day (Friday, 19th Apr 2024) from $20.46 to $20.35. During the last trading day the stock fluctuated 0.788% from a day low at $20.31 to a day high of $20.47. The price has fallen in 8 of the last 10 days and is down by -3.23% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -132 thousand shares and in total, 1 million shares were bought and sold for approximately $30.21 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 -4.45% during the next 3 months and, with a 90% probability hold a price between $18.72 and $20.26 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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ACI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.693%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Albertsons Companies, Inc. 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 $20.39 and $20.80. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 8.54% to $22.09 within 30 trading days since signal was issued (Monday, April 22, 2024).
Support, Risk & Stop-loss for Albertsons Companies, Inc. stock
Albertsons Companies, Inc. finds support from accumulated volume at $20.28 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 $0.160 between high and low, or 0.788%. For the last week the stock has had daily average volatility of 1.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Albertsons Companies, Inc. to open at $20.38, and during the day (based on 14 day Average True Range), to move between $20.07 and $20.63, which gives a possible trading interval of +/-$0.280 (+/-1.38%) up or down from last closing price. If Albertsons Companies, Inc. takes out the full calculated possible swing range there will be an estimated 2.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.28 (0.34%) than the resistance at $20.80 (2.21%), 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
Albertsons Companies, Inc. will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.520. We will update the financials statements for Albertsons Companies, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.37% in the first trading day after earnings release.
Is Albertsons Companies, Inc. stock A Buy?
Albertsons Companies, Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.616 Sell Candidate Unchanged
Predicted Opening Price for Albertsons Companies, Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $20.38 ( 0.131%) | $20.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.54 | 0.92 % | |
| R2 | 20.48 | 0.617 % | ||
| R1 | 20.44 | 0.431 % | ||
| Current price: | 20.35 | |||
| Support | S1 | 20.32 | -0.169 % | |
| S2 | 20.28 | -0.355 % | ||
| S3 | 20.22 | -0.655 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.57 | 6.00 % | |
| R2 | 21.28 | 4.57 % | ||
| R1 | 20.80 | 2.21 % | ||
| Current price | 20.35 | |||
| Support | S1 | 20.28 | -0.344% | |
| S2 | 20.25 | -0.491% | ||
| S3 | 20.12 | -1.13% |
ACI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 25, 2024 | May 10, 2024 | $0.120 | 0.590% |
| 2 | Jan 09, 2024 | Jan 25, 2024 | Feb 09, 2024 | $0.120 | 0.566% |
| 3 | Oct 30, 2023 | Oct 30, 2023 | Nov 14, 2023 | $0.120 | 0.561% |
| 4 | Jul 13, 2023 | Jul 25, 2023 | Aug 10, 2023 | $0.120 | 0.551% |
| 5 | Apr 11, 2023 | Apr 25, 2023 | May 10, 2023 | $0.120 | 0.586% |
FAQ
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