Aecon Group Inc. Stock Forecast
Red day on Monday for Aecon Group Inc.
(Updated on Jun 24, 2024)
No changes to the price of Aecon Group Inc. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $16.25 to a day high of $16.25. The price has been going up and down for this period, and there has been a -2.58% loss for the last 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.25% during the next 3 months and, with a 90% probability hold a price between $15.33 and $16.38 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ARE.TO Signals & Forecast
There are mixed signals in the stock today. The Aecon Group Inc. 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 $16.34 and $16.68. 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 Friday, June 21, 2024, 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 Aecon Group Inc. stock
Aecon Group Inc. finds support from accumulated volume at $15.97 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 1.95%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARE.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Aecon Group Inc. to open at $16.25, and during the day (based on 14 day Average True Range), to move between $15.91 and $16.59, which gives a possible trading interval of +/-$0.342 (+/-2.11%) up or down from last closing price. If Aecon Group Inc. takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.97 (1.72%) than the resistance at $16.65 (2.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aecon Group Inc. stock A Buy?
Aecon Group Inc. 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: -2.364 Sell Candidate Unchanged
Predicted Opening Price for Aecon Group Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $16.25 ( 0%) | $16.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARE.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.25 | - |
| R2 | 16.25 | - |
| R1 | 16.25 | - |
| Price | 16.25 | |
| S1 | 16.25 | - |
| S2 | 16.25 | - |
| S3 | 16.25 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.17 | 5.66% |
| R2 | 16.91 | 4.06% |
| R1 | 16.65 | 2.46% |
| Price | 16.25 | |
| S1 | 15.97 | -1.72% |
| S2 | 0 | - |
| S3 | 0 | - |
ARE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jul 03, 2024 | $0.190 | 1.15% |
| 2 | Mar 21, 2024 | Mar 21, 2024 | Apr 03, 2024 | $0.190 | 1.10% |
| 3 | Dec 13, 2023 | Dec 21, 2023 | Jan 03, 2024 | $0.185 | 1.41% |
| 4 | Jul 26, 2023 | Sep 21, 2023 | Oct 03, 2023 | $0.185 | 1.71% |
| 5 | Jun 19, 2023 | Jun 22, 2023 | Jul 05, 2023 | $0.185 | 1.57% |
FAQ
Click here for our free guide on how to buy Aecon Group Inc. Stock.
