Arch Coal Stock Forecast
Arch Coal stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Arch Coal stock price fell by -0.623% on the last day (Tuesday, 2nd Jul 2024) from $168.65 to $167.60. During the last trading day the stock fluctuated 3.33% from a day low at $164.52 to a day high of $170.00. The price has risen in 6 of the last 10 days and is up by 8.58% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -371 thousand shares and in total, 316 thousand shares were bought and sold for approximately $52.89 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Arch Coal stock with a 90% probability to be traded between $147.45 and $180.84 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ARCH Signals & Forecast
The Arch Coal stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $155.09 and $162.06. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -0.623%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Arch Coal stock
Arch Coal finds support from accumulated volume at $164.43 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 $5.48 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARCH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Arch Coal Inc. to open at $167.37, and during the day (based on 14 day Average True Range), to move between $161.44 and $173.76, which gives a possible trading interval of +/-$6.16 (+/-3.67%) up or down from last closing price. If Arch Coal Inc. takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $168.43 (0.50%) than the support at $164.43 (1.89%), 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 Arch Coal Inc. stock A Buy?
Arch Coal 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.818 Sell Candidate Downgraded
Predicted Opening Price for Arch Coal Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $167.37 ( 0.135%) | $167.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARCH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 172.85 | 3.13% |
| R2 | 170.76 | 1.89% |
| R1 | 169.47 | 1.11% |
| Price | 167.60 | |
| S1 | 165.28 | -1.38% |
| S2 | 163.99 | -2.16% |
| S3 | 161.89 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 179.90 | 7.34% |
| R2 | 168.65 | 0.626% |
| R1 | 168.43 | 0.495% |
| Price | 167.60 | |
| S1 | 164.43 | -1.89% |
| S2 | 150.66 | -10.11% |
| S3 | 149.05 | -11.07% |
ARCH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 31, 2024 | Jun 14, 2024 | $1.11 | 0.709% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.250 | 0.155% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.88 | 0.557% |
| 4 | Jul 27, 2023 | Aug 30, 2023 | Sep 15, 2023 | $1.00 | 0.625% |
| 5 | Apr 27, 2023 | May 30, 2023 | Sep 15, 2023 | $2.45 | 1.53% |
FAQ
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