0% commission for ETF tradesAntero Midstream Partners LP Stock Forecast
AI Analysis of AM
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Stronger technical forecast for Antero Midstream Partners LP stock price after Friday trading.
(Updated on Sep 13, 2024)
The Antero Midstream Partners LP stock price gained 0.685% on the last trading day (Friday, 13th Sep 2024), rising from $14.59 to $14.69. 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 0.82% from a day low at $14.61 to a day high of $14.73. The price has risen in 6 of the last 10 days but is still down by -0.27% for this period. Volume fell on the last day by -114 thousand shares and in total, 1 million shares were bought and sold for approximately $18.35 million. 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $14.83 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Antero Midstream Partners LP stock with a 90% probability to be traded between $13.01 and $14.55 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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AM Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, August 30, 2024, and so far it has fallen -1.21%. 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). The Antero Midstream Partners LP 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 $14.41 and $14.35. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Antero Midstream Partners LP stock
Antero Midstream Partners LP finds support from accumulated volume at $14.59 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 $0.120 between high and low, or 0.82%. For the last week the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: $14.14 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (AM) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect Antero Midstream Partners LP to open at $14.67, and during the day (based on 14 day Average True Range), to move between $14.42 and $14.96, which gives a possible trading interval of +/-$0.275 (+/-1.87%) up or down from last closing price. If Antero Midstream Partners LP takes out the full calculated possible swing range there will be an estimated 3.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.76 (0.48%) than the support at $14.59 (0.68%), 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 Antero Midstream Partners LP stock A Buy?
Antero Midstream Partners LP 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
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Current score: -0.160 Hold/Accumulate Upgraded
Predicted Opening Price for Antero Midstream Partners LP of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $14.67 ( 0.113%) | $14.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.79 | 0.703% |
| R2 | 14.75 | 0.391% |
| R1 | 14.72 | 0.199% |
| Price | 14.69 | |
| S1 | 14.63 | -0.426% |
| S2 | 14.60 | -0.618% |
| S3 | 14.55 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.87 | 1.23% |
| R2 | 14.77 | 0.545% |
| R1 | 14.76 | 0.477% |
| Price | 14.69 | |
| S1 | 14.59 | -0.681% |
| S2 | 14.56 | -0.88% |
| S3 | 14.04 | -4.42% |
AM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2024 | Jul 24, 2024 | Aug 07, 2024 | $0.225 | 1.63% |
| 2 | Apr 23, 2024 | Apr 23, 2024 | May 08, 2024 | $0.225 | 1.58% |
| 3 | Jan 10, 2024 | Jan 23, 2024 | Feb 07, 2024 | $0.225 | 1.88% |
| 4 | Oct 11, 2023 | Oct 24, 2023 | Nov 08, 2023 | $0.225 | 1.81% |
| 5 | Jul 12, 2023 | Jul 25, 2023 | Aug 09, 2023 | $0.225 | 1.88% |
FAQ
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