Albertsons Companies, Inc. Stock Forecast

Buy or Hold candidate since Dec 20, 2024 Gain 0.61%

The Albertsons Companies, Inc. stock price fell by -2.77% on the last day (Friday, 17th Jan 2025) from $20.20 to $19.64. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.57% from a day low at $19.60 to a day high of $20.30. The price has risen in 6 of the last 10 days but is still down by -0.1% for this period. Volume has increased on the last day by 2 million 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, 7 million shares were bought and sold for approximately $139.23 million.

The stock lies in the middle of a wide and weak 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 7.99% during the next 3 months and, with a 90% probability hold a price between $20.33 and $22.47 at the end of this 3-month period.

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ACI Signals & Forecast

The Albertsons Companies, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $20.21. On a fall, the stock will find some support from the long-term average at approximately $19.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, January 14, 2025, and so far it has fallen -5.26%. Further fall is indicated until a new bottom pivot has been found. 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 Albertsons Companies, Inc. stock

Albertsons Companies, Inc. finds support from accumulated volume at $19.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.700 (3.57%) between high and low. For the last week, the stock has had daily average volatility of 2.91%.

Our recommended stop-loss: $18.69 (-4.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (ACI) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Albertsons Companies, Inc. to open at $19.85, and during the day (based on 14 day Average True Range), to move between $19.14 and $20.14, which gives a possible trading interval of +/-$0.500 (+/-2.54%) up or down from last closing price. If Albertsons Companies, Inc. takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.72 (0.41%) than the support at $19.12 (2.65%), 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.

Dividend Warning For ACI

Dividend warning for ACI: Ex-dividend date is approaching in 4 days on Friday 24th January, 2025. The dividend to be paid is $0.150, which is a small dividend (0.764%). The stock is expected to open approximately 0.764% lower on the ex-dividend date.

Is Albertsons Companies, Inc. stock A Buy?

Albertsons Companies, Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.081 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on January 21, 2025 - $19.85 ( 1.05%).