Arrow Financial Corporation Stock Forecast
Arrow Financial Corporation stock price ended at $26.11 on Tuesday, after gaining 0.89%.
(Updated on Jul 02, 2024)
The Arrow Financial Corporation stock price gained 0.89% on the last trading day (Tuesday, 2nd Jul 2024), rising from $25.88 to $26.11. During the last trading day the stock fluctuated 0.97% from a day low at $25.86 to a day high of $26.11. The price has risen in 6 of the last 10 days and is up by 5.54% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 20 thousand shares were bought and sold for approximately $512.62 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 13.24% during the next 3 months and, with a 90% probability hold a price between $27.55 and $30.27 at the end of this 3-month period.
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AROW Signals & Forecast
The Arrow Financial Corporation 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 $25.43 and $24.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 8.48%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Arrow Financial Corporation stock
Arrow Financial Corporation finds support from accumulated volume at $26.05 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 controlled movements and therefore the general risk is considered 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 $0.250 between high and low, or 0.97%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $24.97 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (AROW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Arrow Financial Corporation to open at $26.03, and during the day (based on 14 day Average True Range), to move between $25.55 and $26.67, which gives a possible trading interval of +/-$0.565 (+/-2.16%) up or down from last closing price. If Arrow Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $26.05, some $0.0600 (0.23%) from the current price of $26.11, our system finds the risk reward attractive.
Is Arrow Financial Corporation 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 Arrow Financial Corporation stock to perform well in the short-term.
Current score: 3.777 Buy Candidate Unchanged
Predicted Opening Price for Arrow Financial Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $26.03 ( 0.319%) | $26.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AROW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.28 | 0.638% |
| R2 | 26.18 | 0.273% |
| R1 | 26.12 | 0.0466% |
| Price | 26.11 | |
| S1 | 25.93 | -0.685% |
| S2 | 25.87 | -0.91% |
| S3 | 25.78 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 26.11 | |
| S1 | 26.05 | -0.230% |
| S2 | 25.52 | -2.26% |
| S3 | 24.63 | -5.67% |
AROW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | May 10, 2024 | May 24, 2024 | $0.270 | 1.10% |
| 2 | Jan 31, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.270 | 1.10% |
| 3 | Oct 26, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.270 | 0.96% |
| 4 | Jul 26, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.270 | 1.52% |
| 5 | May 03, 2023 | Jun 01, 2023 | Jun 15, 2023 | $0.270 | 1.27% |
FAQ
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