Aramark stock price ended on $32.73 on Monday after losing 2.53%
(Updated on Sep 26, 2022)
Sell candidate since 2022-09-21 Loss -8.96% PDF
The Aramark stock price fell by -2.53% on the last day (Monday, 26th Sep 2022) from $33.58 to $32.73. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 3.77% from a day low at $32.65 to a day high of $33.88. The price has fallen in 8 of the last 10 days and is down by -14.99% for this period. Volume has increased on the last day by 879 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, 4 million shares were bought and sold for approximately $124.85 million.
Given the current short-term trend, the stock is expected to rise 22.69% during the next 3 months and, with a 90% probability hold a price between $40.16 and $48.66 at the end of this 3-month period.
Signals & Forecast
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. The Aramark 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 $35.55 and $36.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, September 12, 2022, and so far it has fallen -14.99%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
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 $1.23 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Tuesday 27th
For the upcoming trading day on Tuesday, 27th we expect Aramark to open at $33.09, and during the day (based on 14 day Average True Range), to move between $31.72 and $33.74, which gives a possible trading interval of +/-$1.01 (+/-3.09%) up or down from last closing price. If Aramark takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $31.74 (3.02%) than the resistance at $36.32 (10.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aramark stock A Buy?
The Aramark stock holds several negative signals and despite the positive trend, we believe Aramark will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.259Sell Candidate Unchanged
Predicted Opening Price for Aramark of Tuesday, September 27, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price September 27, 2022||Current price|
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Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through three segments: Food and Support Services United States, Food and Support Services International, and Uniform and Career Apparel. The company offers food-related managed services, including dining, catering, food service management, and conve... ARMK Profile
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