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Artesian Resources Corporation Stock Forecast NASDAQ:ARTNA

$42.29 (-1.15%)

Volume: 13k

Closed: Dec 03, 2021

Hollow Logo Score: 2.858

Artesian Resources Corporation Stock Forecast

$42.29 (-1.15%)

Volume: 13k

Closed: Dec 03, 2021

Score Hollow Logo 2.858
Which way will ARTNA go? Request
Stop-loss: $39.89 (-5.67%)
Key Stats
P/E Ratio 21.36
Beta 0.7
Trailing Dividend Rate 2.45% ($1.04)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 46 and the stock is currently not being overbought or oversold

Red day on Friday for Artesian Resources Corporation
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-10-25 Gain 6.28%

The Artesian Resources Corporation stock price fell by -1.15% on the last day (Friday, 3rd Dec 2021) from $42.78 to $42.29. During the day the stock fluctuated 2.47% from a day low at $42.07 to a day high of $43.11. The price has fallen in 6 of the last 10 days and is down by -3.76% for this period. 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 -455 shares and in total, 13 thousand shares were bought and sold for approximately $561.40 thousand.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.18 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.07% during the next 3 months and, with a 90% probability hold a price between $49.80 and $54.56 at the end of this 3-month period.

Signals & Forecast

The Artesian Resources Corporation 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 $43.01. On a fall, the stock will find some support from the long-term average at approximately $41.69. 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. 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 Monday, November 22, 2021, and so far it has fallen -6.64%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $38.33 and $38.31. There is 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, Artesian Resources Corporation finds support just below today's level at $38.33. If this is broken, then the next support from accumulated volume will be at $38.31 and $37.97.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.04 between high and low, or 2.47%. For the last week the stock has had a daily average volatility of 4.12%.

Our recommended stop-loss: $39.89 (-5.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Is Artesian Resources 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 Artesian Resources Corporation stock to perform well in the short-term.

Current score: 2.858

Predicted Opening Price for Artesian Resources Corporation of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$42.49 $42.29 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Oct 25, 2021 "Janney Montgomery Scott" gave "" rating for ARTNA. The price target was changed from $39.35 to 0.5%.

Volatility and Risk
Daily Average Volatility: 4.12 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.12 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $42.76
Price: $42.29
Support: $38.33

ARTNA Insider Trading Show all Trades

INSIDER POWER

0.716

Last 100 transactions
Buy: 76 499 | Sell: 106 897 (Shares)
Date Action Amount Person Type
May 04, 2021 Buy 1 000 Eisenbrey John R Jr Restricted Stock Grant
May 04, 2021 Buy 1 000 Wyer William C Restricted Stock Grant
May 04, 2021 Buy 1 000 Taylor Nicholle Renee Restricted Stock Grant
May 04, 2021 Buy 1 000 Taylor Dian C Restricted Stock Grant
May 04, 2021 Buy 1 000 Biederman Kenneth R Restricted Stock Grant
Show all Insider Trades
INSIDER POWER

0.716

Last 100 transactions
Buy: 76 499 | Sell: 106 897 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 43.53 2.93 %
43.13 1.99 %
42.89 1.41 %
Current price: 42.29
Support 42.09 -0.47 %
41.85 -1.05 %
41.45 -1.99 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 43.74 3.43 %
42.95 1.56 %
42.76 1.11 %
Current price 42.29
Support 38.33 -9.36%
38.31 -9.41%
37.97 -10.22%

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About Artesian Resources Corporation

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company distributes and sells water to residential, commercial, industrial, municipal, and utility customers in the states of Delaware, Maryland, and Pennsylvania. It also offers water for public and private fire protection to customers in its service territories. In addition, the company provides contract water ... Read more

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