Aecon Group Inc. Stock Forecast
Red day on Friday for Aecon Group Inc. stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Aecon Group Inc. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $12.00 to a day high of $12.00. The price has been going up and down for this period, and there has been a -0.99% loss for the last 2 weeks.
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 -5.07% during the next 3 months and, with a 90% probability hold a price between $10.89 and $11.57 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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AEGXF Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.93%. 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 Aecon Group Inc. 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 $12.14. On a fall, the stock will find some support from the short-term average at $11.97. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aecon Group Inc. stock
Aecon Group Inc. finds support from accumulated volume at $11.89 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $11.24 (-6.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (AEGXF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Aecon Group Inc. to open at $12.00, and during the day (based on 14 day Average True Range), to move between $11.93 and $12.07, which gives a possible trading interval of +/-$0.0707 (+/-0.59%) up or down from last closing price. If Aecon Group Inc. takes out the full calculated possible swing range there will be an estimated 1.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.89 (0.92%) than the resistance at $12.35 (2.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aecon Group Inc. stock A Buy?
Aecon Group 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Aecon Group Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $12.00 ( 0%) | $12.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEGXF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.00 | - |
| R2 | 12.00 | - |
| R1 | 12.00 | - |
| Price | 12.00 | |
| S1 | 12.00 | - |
| S2 | 12.00 | - |
| S3 | 12.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.50 | 4.17% |
| R2 | 12.37 | 3.08% |
| R1 | 12.35 | 2.92% |
| Price | 12.00 | |
| S1 | 11.89 | -0.92% |
| S2 | 11.84 | -1.33% |
| S3 | 11.71 | -2.42% |
AEGXF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jul 03, 2024 | $0.138 | 1.13% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Apr 03, 2024 | $0.140 | 1.09% |
| 3 | Dec 21, 2023 | Dec 21, 2023 | Jan 03, 2024 | $0.138 | 1.41% |
| 4 | Sep 21, 2023 | Sep 21, 2023 | Oct 03, 2023 | $0.137 | 1.71% |
| 5 | Jun 22, 2023 | Jun 22, 2023 | Oct 03, 2023 | $0.141 | 1.76% |
FAQ
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