Amerigas Partners Lp Stock Forecast

Sell candidate since Jul 17, 2019 Loss -9.35%

No changes to the price of AmeriGas Partners LP stock on the last trading day (Friday, 11th Oct 2019). During the last trading day the stock fluctuated 0% from a day low at $31.22 to a day high of $31.22. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $31.10, a level that may pose a second chance to hit a runner. According to fan-theory $33.38 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

APU Signals & Forecast

There are mixed signals in the stock today. The AmeriGas Partners LP 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 $31.22 and $31.29. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, August 21, 2019, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for AmeriGas Partners LP stock

AmeriGas Partners LP finds support from accumulated volume at $31.05 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: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (APU) For The Upcoming Trading Day Of Monday 14th

For the upcoming trading day on Monday, 14th we expect AmeriGas Partners LP to open at $31.22, and during the day (based on 14 day Average True Range), to move between $31.17 and $31.27, which gives a possible trading interval of +/-$0.0944 (+/-0.30%) up or down from last closing price. If AmeriGas Partners LP takes out the full calculated possible swing range there will be an estimated 0.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $31.24 (0.06%) than the support at $31.05 (0.54%), 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 AmeriGas Partners LP stock A Buy?

AmeriGas Partners LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.659 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on October 14, 2019 - $31.22 ( 0%).

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