Antero Resources 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
Antero Resources stock price up 1.23% on Friday
(Updated on Apr 26, 2024)
The Antero Resources stock price gained 1.23% on the last trading day (Friday, 26th Apr 2024), rising from $33.39 to $33.80. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.68% from a day low at $32.71 to a day high of $34.24. The price has risen in 8 of the last 10 days and is up by 13.46% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 8 million shares were bought and sold for approximately $260.82 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 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 $33.13, a level that may pose a second chance to hit a runner. According to fan-theory $36.74 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 $31.17 and $28.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 17.12%. Further rise is indicated until a new top pivot has been found. 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. 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
Antero Resources finds support from accumulated volume at $33.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.53 between high and low, or 4.68%. For the last week, the stock has had daily average volatility of 5.08%.
The Antero Resources stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Antero Resources has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $32.79 (-2.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (AR) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Antero Resources Corporation to open at $33.58, and during the day (based on 14 day Average True Range), to move between $32.71 and $34.89, which gives a possible trading interval of +/-$1.09 (+/-3.23%) up or down from last closing price. If Antero Resources Corporation takes out the full calculated possible swing range there will be an estimated 6.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $33.39, some $0.410 (1.21%) from the current price of $33.80, 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.
Current score: 6.721 Strong Buy Candidate Unchanged
Predicted Opening Price for Antero Resources Corporation of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$33.58 ( 0.641%) | $33.80 |
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 | 35.11 | 3.89 % | |
R2 | 34.53 | 2.16 % | ||
R1 | 34.17 | 1.09 % | ||
Current price: | 33.80 | |||
Support | S1 | 33.00 | -2.37 % | |
S2 | 32.64 | -3.44 % | ||
S3 | 32.05 | -5.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 33.80 | |||
Support | S1 | 33.39 | -1.21% | |
S2 | 29.00 | -14.20% | ||
S3 | 25.63 | -24.17% |
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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