ARC Resources Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ARC Resources Ltd stock price down 0.345% on Friday
(Updated on Jun 14, 2024)
The ARC Resources Ltd stock price fell by -0.345% on the last day (Friday, 14th Jun 2024) from $17.40 to $17.34. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.522% from a day low at $17.25 to a day high of $17.34. The price has fallen in 7 of the last 10 days and is down by -8.01% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 300 shares were bought and sold for approximately $5.20 thousand.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $18.06. A reaction back to this level may hold a second chance to get out before further falls.
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AETUF Signals & Forecast
There are few to no technical positive signals at the moment. The ARC Resources Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.05 and $18.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -8.59%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ARC Resources Ltd stock
ARC Resources Ltd finds support from accumulated volume at $17.32 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 controlled movements and therefore the general risk is considered 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 $0.0900 between high and low, or 0.522%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: $16.25 (-6.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (AETUF) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect ARC Resources Ltd to open at $17.31, and during the day (based on 14 day Average True Range), to move between $16.93 and $17.75, which gives a possible trading interval of +/-$0.407 (+/-2.35%) up or down from last closing price. If ARC Resources Ltd takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17.32 (0.12%) than the resistance at $18.28 (5.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ARC Resources Ltd stock A Buy?
ARC Resources Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.882 Hold/Accumulate Unchanged
Predicted Opening Price for ARC Resources Ltd of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $17.31 ( 0.173%) | $17.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AETUF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.40 | 0.346% |
| R2 | 17.37 | 0.148% |
| R1 | 17.34 | 0.0253% |
| Price | 17.34 | |
| S1 | 17.28 | -0.371% |
| S2 | 17.25 | -0.494% |
| S3 | 17.22 | -0.692% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.90 | 9.00% |
| R2 | 18.80 | 8.42% |
| R1 | 18.28 | 5.42% |
| Price | 17.34 | |
| S1 | 17.32 | -0.115% |
| S2 | 17.30 | -0.231% |
| S3 | 17.19 | -0.87% |
AETUF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.125 | 0.685% |
| 2 | Dec 20, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.127 | 0.784% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.130 | 0.81% |
| 4 | Jun 21, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.128 | 0.92% |
| 5 | Mar 22, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.111 | 0.90% |
FAQ
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