Atlas Energy Solutions Inc. Stock Forecast
Evaluation of Atlas Energy Solutions Inc. stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Atlas Energy Solutions Inc. stock price fell by -4.76% on the last day (Tuesday, 30th Apr 2024) from $23.32 to $22.21. During the last trading day the stock fluctuated 4.80% from a day low at $22.17 to a day high of $23.23. The price has fallen in 6 of the last 10 days but is still up by 0.18% over the past 2 weeks. Volume has increased on the last day by 36 thousand 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, 415 thousand shares were bought and sold for approximately $9.22 million.
Given the current short-term trend, the stock is expected to rise 38.80% during the next 3 months and, with a 90% probability hold a price between $30.83 and $35.32 at the end of this 3-month period.
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AESI Signals & Forecast
There are few to no technical positive signals at the moment. The Atlas Energy Solutions Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.78 and $22.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.84%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Atlas Energy Solutions Inc. stock
Atlas Energy Solutions Inc. finds support from accumulated volume at $21.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.07 between high and low, or 4.80%. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AESI) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Atlas Energy Solutions Inc. to open at $22.54, and during the day (based on 14 day Average True Range), to move between $21.53 and $22.89, which gives a possible trading interval of +/-$0.682 (+/-3.07%) up or down from last closing price. If Atlas Energy Solutions Inc. takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.93 (1.26%) than the resistance at $22.68 (2.12%), 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
Atlas Energy Solutions Inc. will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.430. We will update the financials statements for Atlas Energy Solutions Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.76% in the first trading day after earnings release.
Is Atlas Energy Solutions Inc. stock A Buy?
The Atlas Energy Solutions Inc. stock holds several negative signals and despite the positive trend, we believe Atlas Energy Solutions Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -3.059 Sell Candidate Downgraded
Predicted Opening Price for Atlas Energy Solutions Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $22.54 ( 1.46%) | $22.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AESI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.60 | 6.26 % | |
| R2 | 23.19 | 4.43 % | ||
| R1 | 22.94 | 3.30 % | ||
| Current price: | 22.21 | |||
| Support | S1 | 22.13 | -0.368 % | |
| S2 | 21.88 | -1.50 % | ||
| S3 | 21.47 | -3.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.00 | 3.56 % | |
| R2 | 22.83 | 2.79 % | ||
| R1 | 22.68 | 2.12 % | ||
| Current price | 22.21 | |||
| Support | S1 | 21.93 | -1.26% | |
| S2 | 20.97 | -5.58% | ||
| S3 | 19.81 | -10.81% |
AESI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.210 | 1.11% |
| 2 | Oct 30, 2023 | Nov 08, 2023 | Nov 16, 2023 | $0.200 | 1.21% |
| 3 | Jul 31, 2023 | Aug 09, 2023 | Aug 17, 2023 | $0.200 | 0.92% |
| 4 | May 08, 2023 | May 12, 2023 | May 22, 2023 | $0.300 | 1.70% |
FAQ
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