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AI Analysis of AROC
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Red day on Thursday for Archrock Inc
(Updated on Apr 11, 2024)

Buy or Hold candidate since Jan 18, 2024 Gain 37.12% PDF

The Archrock Inc stock price fell by -0.96% on the last day (Thursday, 11th Apr 2024) from $20.74 to $20.54. During the last trading day the stock fluctuated 2.89% from a day low at $20.25 to a day high of $20.84. The price has risen in 7 of the last 10 days and is up by 6.2% 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 -134 thousand shares and in total, 1 million shares were bought and sold for approximately $21.71 million.

The stock lies in the middle of a 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 37.06% during the next 3 months and, with a 90% probability hold a price between $27.37 and $29.41 at the end of this 3-month period.

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AROC Signals & Forecast

The Archrock Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $20.80. On a fall, the stock will find some support from the long-term average at approximately $19.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 05, 2024, and so far it has fallen -2.56%. 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 Archrock Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $18.48 and $18.36. 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, Archrock Inc finds support just below today's level at $18.48. If this is broken, then the next support from accumulated volume will be at $18.36 and $18.27.

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 $0.585 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 2.89%.

Our recommended stop-loss: $19.60 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AROC) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Archrock Inc to open at $20.54, and during the day (based on 14 day Average True Range), to move between $19.98 and $21.10, which gives a possible trading interval of +/-$0.563 (+/-2.74%) up or down from last closing price. If Archrock Inc takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $20.58 (0.19%) than the support at $18.48 (10.03%), 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 Archrock Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Archrock Inc stock to perform well in the short-term.

Current score: 1.871 Buy Candidate Unchanged

Predicted Opening Price for Archrock Inc of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$20.54 ( 0.0081%) $20.54

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AROC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 21.13 2.86 %
R2 20.90 1.77 %
R1 20.77 1.10 %
Current price: 20.54
Support S1 20.32 -1.08 %
S2 20.18 -1.75 %
S3 19.96 -2.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 21.08 2.63 %
R2 21.07 2.58 %
R1 20.58 0.195 %
Current price 20.54
Support S1 18.48 -10.03%
S2 18.36 -10.61%
S3 18.27 -11.05%

AROC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 05, 2024 Feb 05, 2024 Feb 13, 2024 $0.165 1.02%
2 Nov 06, 2023 Nov 06, 2023 Nov 14, 2023 $0.155 1.10%
3 Jul 27, 2023 Aug 07, 2023 Aug 15, 2023 $0.155 1.21%
4 Apr 28, 2023 May 08, 2023 May 16, 2023 $0.150 1.60%
5 Jan 26, 2023 Feb 06, 2023 Aug 16, 2021 $0.150 1.93%

FAQ

What is the symbol for Archrock Inc Stock and on which exchange is it traded?
The symbol for Archrock Inc is AROC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Archrock Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Archrock Inc stock to perform well in the short-term.

How to buy Archrock Inc Stock?
Archrock Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Archrock Inc Stock.

What's the current price of Archrock Inc Stock?
As of the end of day on the 2024-04-11, the price of an Archrock Inc (AROC) share was $20.54.

What is the 52-week high and low for Archrock Inc Stock?
The 52-week high for Archrock Inc Stock is $21.40 and the 52-week low is $8.78.

What is the market capitalization of Archrock Inc Stock?
As of the 2024-04-11, the market capitalization of Archrock Inc is 3.146B.

When is the next earnings date for Archrock Inc?
The upcoming earnings date for Archrock Inc is May 07, 2024.
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About Archrock Inc

Archrock Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining its owned fleet of natural gas compression equipment to provide natural gas compression services to customers in the oil and natural gas indust... AROC Profile

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