Aris Water Solutions, Inc. Stock Forecast
Aris Water Solutions, Inc. stock upgraded to Strong Buy Candidate.
(Updated on May 06, 2024)
The Aris Water Solutions, Inc. stock price gained 2.53% on the last trading day (Monday, 6th May 2024), rising from $14.64 to $15.01. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.82% from a day low at $14.91 to a day high of $15.33. The price has risen in 6 of the last 10 days and is up by 6.76% 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, 201 thousand more shares were traded than the day before. In total, 647 thousand shares were bought and sold for approximately $9.71 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 59.56% during the next 3 months and, with a 90% probability hold a price between $22.41 and $27.35 at the end of this 3-month period.
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ARIS Signals & Forecast
The Aris Water Solutions, Inc. 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 $14.44 and $14.23. 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). 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. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -0.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aris Water Solutions, Inc. stock
Aris Water Solutions, Inc. finds support from accumulated volume at $14.74 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 $0.420 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 3.50%.
Our recommended stop-loss: $14.45 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (ARIS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Aris Water Solutions, Inc. to open at $15.08, and during the day (based on 14 day Average True Range), to move between $14.44 and $15.58, which gives a possible trading interval of +/-$0.572 (+/-3.81%) 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 7.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.08 (0.47%) than the support at $14.74 (1.80%), 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 +/- 5.61% in the first trading day after earnings release.
Is Aris Water Solutions, Inc. stock A Buy?
Aris Water Solutions, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". 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: 5.500 Strong Buy Candidate Upgraded
Predicted Opening Price for Aris Water Solutions, Inc. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$15.08 ( 0.489%) | $15.01 |
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 | 15.50 | 3.29 % | |
R2 | 15.34 | 2.22 % | ||
R1 | 15.24 | 1.56 % | ||
Current price: | 15.01 | |||
Support | S1 | 14.92 | -0.580 % | |
S2 | 14.82 | -1.24 % | ||
S3 | 14.66 | -2.31 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 15.15 | 0.93 % | ||
R1 | 15.08 | 0.466 % | ||
Current price | 15.01 | |||
Support | S1 | 14.74 | -1.80% | |
S2 | 14.65 | -2.40% | ||
S3 | 12.04 | -19.79% |
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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