Aris Water Solutions, Inc. Stock Forecast
Evaluation of Aris Water Solutions, Inc. stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Aris Water Solutions, Inc. stock price fell by -4.23% on the last day (Tuesday, 30th Apr 2024) from $14.65 to $14.03. During the last trading day the stock fluctuated 4.06% from a day low at $14.03 to a day high of $14.60. The price has been going up and down for this period, and there has been a 0.57% gain for the last 2 weeks. Volume has increased on the last day by 74 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 338 thousand shares were bought and sold for approximately $4.74 million.
Given the current short-term trend, the stock is expected to rise 75.19% during the next 3 months and, with a 90% probability hold a price between $24.58 and $29.62 at the end of this 3-month period.
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ARIS Signals & Forecast
There are few to no technical positive signals at the moment. The Aris Water Solutions, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $14.47 and $14.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Aris Water Solutions, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.27 and $12.87. 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, Aris Water Solutions, Inc. finds support just below today's level at $13.27. If this is broken, then the next support from accumulated volume will be at $12.87 and $12.04.
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 $0.570 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARIS) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Aris Water Solutions, Inc. to open at $14.22, and during the day (based on 14 day Average True Range), to move between $13.47 and $14.59, which gives a possible trading interval of +/-$0.563 (+/-4.01%) up or down from last closing price. If Aris Water Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.06 (0.21%) than the support at $13.27 (5.42%), 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.
Earnings coming up
Aris Water Solutions, Inc. will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.210. We will update the financials statements for Aris Water Solutions, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.54% in the first trading day after earnings release.
Is Aris Water Solutions, Inc. stock A Buy?
The Aris Water Solutions, Inc. stock holds several negative signals and despite the positive trend, we believe Aris Water Solutions, Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.306 Sell Candidate Downgraded
Predicted Opening Price for Aris Water Solutions, Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $14.22 ( 1.35%) | $14.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.79 | 5.42 % | |
| R2 | 14.57 | 3.87 % | ||
| R1 | 14.44 | 2.91 % | ||
| Current price: | 14.03 | |||
| Support | S1 | 14.00 | -0.198 % | |
| S2 | 13.87 | -1.16 % | ||
| S3 | 13.65 | -2.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.74 | 5.06 % | |
| R2 | 14.65 | 4.42 % | ||
| R1 | 14.06 | 0.214 % | ||
| Current price | 14.03 | |||
| Support | S1 | 13.27 | -5.42% | |
| S2 | 12.87 | -8.27% | ||
| S3 | 12.04 | -14.18% |
ARIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.0900 | 0.660% |
| 2 | Nov 01, 2023 | Dec 06, 2023 | Dec 21, 2023 | $0.0900 | 1.08% |
| 3 | Aug 02, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.0900 | 0.89% |
| 4 | May 08, 2023 | Jun 15, 2023 | Jun 29, 2023 | $0.0900 | 0.85% |
| 5 | Mar 03, 2023 | Mar 16, 2023 | Mar 29, 2023 | $0.0900 | 1.16% |
FAQ
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