AECOM Stock Forecast
Green day on Friday for AECOM stock after gaining 0.520%
(Updated on May 03, 2024)
The AECOM stock price gained 0.520% on the last trading day (Friday, 3rd May 2024), rising from $94.23 to $94.72. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.21% from a day low at $94.19 to a day high of $95.33. The price has risen in 6 of the last 10 days and is up by 1.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 99 thousand more shares were traded than the day before. In total, 586 thousand shares were bought and sold for approximately $55.48 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 7.94% during the next 3 months and, with a 90% probability hold a price between $100.08 and $110.13 at the end of this 3-month period.
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ACM Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AECOM stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $94.99. On a fall, the stock will find some support from the short-term average at $93.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -3.74%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for AECOM stock
AECOM finds support from accumulated volume at $93.66 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 $1.14 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AECOM to open at $94.75, and during the day (based on 14 day Average True Range), to move between $93.09 and $96.35, which gives a possible trading interval of +/-$1.63 (+/-1.72%) up or down from last closing price. If AECOM takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $95.61 (0.94%) than the support at $93.66 (1.12%), 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.
Earnings coming up
AECOM will release earnings AMC on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.05. We will update the financials statements for AECOM, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.81% in the first trading day after earnings release.
Is AECOM stock A Buy?
AECOM holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.481 Sell Candidate Unchanged
Predicted Opening Price for AECOM of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$94.75 ( 0.0282%) | $94.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 95.89 | 1.23 % | |
R2 | 95.45 | 0.772 % | ||
R1 | 95.18 | 0.488 % | ||
Current price: | 94.72 | |||
Support | S1 | 94.31 | -0.432 % | |
S2 | 94.04 | -0.716 % | ||
S3 | 93.61 | -1.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 98.40 | 3.89 % | |
R2 | 95.85 | 1.19 % | ||
R1 | 95.61 | 0.94 % | ||
Current price | 94.72 | |||
Support | S1 | 93.66 | -1.12% | |
S2 | 88.83 | -6.22% | ||
S3 | 88.59 | -6.47% |
ACM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Apr 23, 2024 | May 10, 2024 | $0.220 | 0.232% |
2 | Jan 03, 2024 | Jan 03, 2024 | Jan 19, 2024 | $0.220 | 0.249% |
3 | Sep 13, 2023 | Oct 04, 2023 | Oct 20, 2023 | $0.180 | 0.231% |
4 | Jun 07, 2023 | Jul 05, 2023 | Jul 21, 2023 | $0.180 | 0.204% |
5 | Mar 01, 2023 | Apr 04, 2023 | Apr 21, 2023 | $0.180 | 0.219% |
FAQ
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