The Andersons Stock Forecast
The Andersons stock price ended at $57.37 on Thursday, after gaining 0.0872%.
(Updated on Mar 28, 2024)
The The Andersons stock price gained 0.0872% on the last trading day (Thursday, 28th Mar 2024), rising from $57.32 to $57.37. During the last trading day the stock fluctuated 1.36% from a day low at $57.03 to a day high of $57.80. The price has risen in 7 of the last 10 days and is up by 7.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 122 thousand shares were bought and sold for approximately $6.99 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $57.01, a level that may pose a second chance to hit a runner. According to fan-theory $61.68 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ANDE Signals & Forecast
Mostly positive signals in the chart today. The The Andersons 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 $56.60 and $54.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 10.24%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for The Andersons stock
The Andersons finds support from accumulated volume at $54.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.775 (1.36%) between high and low. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $54.70 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (ANDE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The Andersons to open at $57.40, and during the day (based on 14 day Average True Range), to move between $55.98 and $58.76, which gives a possible trading interval of +/-$1.39 (+/-2.42%) up or down from last closing price. If The Andersons takes out the full calculated possible swing range there will be an estimated 4.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $57.54 (0.30%) than the support at $54.93 (4.25%), 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 The Andersons stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for The Andersons stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 3.748 Buy Candidate Unchanged
Predicted Opening Price for The Andersons of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$57.40 ( 0.0494%) | $57.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANDE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.17 | 1.40 % | |
R2 | 57.88 | 0.88 % | ||
R1 | 57.69 | 0.565 % | ||
Current price: | 57.37 | |||
Support | S1 | 57.10 | -0.467 % | |
S2 | 56.92 | -0.785 % | ||
S3 | 56.62 | -1.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 57.64 | 0.471 % | ||
R1 | 57.54 | 0.296 % | ||
Current price | 57.37 | |||
Support | S1 | 54.93 | -4.25% | |
S2 | 53.38 | -6.95% | ||
S3 | 52.50 | -8.49% |
ANDE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Mar 28, 2024 | Apr 22, 2024 | $0.190 | 0.332% |
2 | Dec 14, 2023 | Dec 29, 2023 | Jan 22, 2024 | $0.190 | 0.362% |
3 | Aug 17, 2023 | Sep 29, 2023 | Oct 20, 2023 | $0.190 | 0.386% |
4 | Jun 23, 2023 | Jun 30, 2023 | Jul 24, 2023 | $0.185 | 0.383% |
5 | Feb 17, 2023 | Mar 31, 2023 | Apr 24, 2023 | $0.185 | 0.420% |
FAQ
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