Antero Resources Stock Forecast
A very strong day for Antero Resources stock price on Wednesday
(Updated on Mar 27, 2024)
The Antero Resources stock price gained 5.12% on the last trading day (Wednesday, 27th Mar 2024), rising from $27.32 to $28.72. During the last trading day the stock fluctuated 5.82% from a day low at $27.16 to a day high of $28.74. The price has risen in 7 of the last 10 days and is up by 10.21% 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, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $160.11 million.
The stock has broken the wide and strong 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 $28.46, a level that may pose a second chance to hit a runner. According to fan-theory $33.09 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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AR Signals & Forecast
The Antero Resources 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 $27.16 and $25.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 12.19%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Antero Resources stock
On the downside, the stock finds support just below today's level from accumulated volume at $25.63 and $23.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Antero Resources finds support just below today's level at $25.63. If this is broken, then the next support from accumulated volume will be at $23.52 and $21.90.
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 $1.58 (5.82%) between high and low. For the last week, the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: $27.70 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (AR) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Antero Resources Corporation to open at $28.21, and during the day (based on 14 day Average True Range), to move between $27.94 and $29.50, which gives a possible trading interval of +/-$0.781 (+/-2.72%) up or down from last closing price. If Antero Resources Corporation takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $25.63, some $3.09 (10.76%) from the current price of $28.72, our system finds the risk reward attractive.
Is Antero Resources Corporation stock A Buy?
Antero Resources holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.375 Strong Buy Candidate Upgraded
Predicted Opening Price for Antero Resources Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$28.21 ( 1.79%) | $28.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.79 | 3.71 % | |
R2 | 29.18 | 1.61 % | ||
R1 | 28.81 | 0.314 % | ||
Current price: | 28.72 | |||
Support | S1 | 27.60 | -3.89 % | |
S2 | 27.23 | -5.19 % | ||
S3 | 26.63 | -7.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 28.72 | |||
Support | S1 | 25.63 | -10.76% | |
S2 | 23.52 | -18.11% | ||
S3 | 21.90 | -23.75% |
AR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2017 | May 01, 2017 | May 01, 2017 | $0.300 | 1.40% |
2 | May 09, 2016 | May 09, 2016 | May 09, 2016 | $0.240 | 0.94% |
3 | Nov 06, 2015 | Nov 06, 2015 | Nov 06, 2015 | $0.210 | 0.87% |
4 | May 11, 2015 | May 11, 2015 | May 11, 2015 | $0.180 | 0.405% |
5 | Feb 11, 2015 | Feb 11, 2015 | Feb 11, 2015 | $0.0900 | 0.226% |
FAQ
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