RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AE
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Adams Resources & Energy Inc stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 25, 2024 Gain 2.02% PDF

The Adams Resources & Energy Inc stock price gained 1.73% on the last trading day (Wednesday, 27th Mar 2024), rising from $26.63 to $27.09. It has now gained 4 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 3.58% from a day low at $26.53 to a day high of $27.48. The price has risen in 7 of the last 10 days and is up by 9.48% over the past 2 weeks. Volume fell on the last day by -898 shares and in total, 4 thousand shares were bought and sold for approximately $100.24 thousand. 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.

The stock lies in the middle of a very 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 6.17% during the next 3 months and, with a 90% probability hold a price between $25.73 and $32.44 at the end of this 3-month period.

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AE Signals & Forecast

The Adams Resources & Energy 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 $25.96 and $25.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 12.85%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Adams Resources & Energy Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $24.55 and $24.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Adams Resources & Energy Inc finds support just below today's level at $24.55. If this is broken, then the next support from accumulated volume will be at $24.25 and $24.00.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.95 between high and low, or 3.58%. For the last week the stock has had daily average volatility of 3.50%.

Our recommended stop-loss: $26.16 (-3.42%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (AE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Adams Resources & Energy Inc to open at $27.03, and during the day (based on 14 day Average True Range), to move between $26.04 and $28.13, which gives a possible trading interval of +/-$1.04 (+/-3.86%) up or down from last closing price. If Adams Resources & Energy Inc takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.40 (1.16%) than the support at $24.55 (9.36%), 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 Adams Resources & Energy Inc stock A Buy?

Adams Resources & Energy Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.033 Strong Buy Candidate Upgraded

Predicted Opening Price for Adams Resources & Energy Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$27.03 ( 0.197%) $27.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 27.98 3.31 %
R2 27.62 1.97 %
R1 27.39 1.14 %
Current price: 27.09
Support S1 26.67 -1.54 %
S2 26.44 -2.36 %
S3 26.08 -3.70 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.03 10.87 %
R2 29.89 10.36 %
R1 27.40 1.16 %
Current price 27.09
Support S1 24.55 -9.36%
S2 24.25 -10.47%
S3 24.00 -11.39%

AE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 07, 2024 Mar 22, 2024 $0.240 0.93%
2 Nov 30, 2023 Nov 30, 2023 Dec 15, 2023 $0.240 0.92%
3 Aug 09, 2023 Sep 07, 2023 Sep 22, 2023 $0.240 0.683%
4 May 09, 2023 Jun 08, 2023 Jun 23, 2023 $0.240 0.695%
5 Feb 21, 2023 Mar 09, 2023 Mar 24, 2023 $0.240 0.633%

FAQ

What is the symbol for Adams Resources & Energy Inc Stock and on which exchange is it traded?
The symbol for Adams Resources & Energy Inc is AE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Adams Resources & Energy Inc Stock?
Adams Resources & Energy Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Adams Resources & Energy Inc Stock?
Adams Resources & Energy Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Adams Resources & Energy Inc Stock.

What's the current price of Adams Resources & Energy Inc Stock?
As of the end of day on the 2024-03-27, the price of an Adams Resources & Energy Inc (AE) share was $27.09.

What is the 52-week high and low for Adams Resources & Energy Inc Stock?
The 52-week high for Adams Resources & Energy Inc Stock is $42.50 and the 52-week low is $22.67.

What is the market capitalization of Adams Resources & Energy Inc Stock?
As of the 2024-03-27, the market capitalization of Adams Resources & Energy Inc is 69.518M.

When is the next earnings date for Adams Resources & Energy Inc?
The upcoming earnings date for Adams Resources & Energy Inc is May 14, 2024.
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About Adams Resources & Energy Inc

Adams Resources & Energy Adams Resources & Energy, Inc., through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage in various crude oil and natural gas basins in the United States. The company operates through three segments: Crude Oil Marketing, Transportation and Storage; Tank truck Transportation of Liquid Chemicals, Pressurized Gases, Asphalt and Dry Bulk; and Pipeline Transportation, Terminalling and Storage of Crude Oil... AE Profile

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