Artesian Resources Corporation Stock Forecast
Green day on Friday for Artesian Resources Corporation stock after gaining 1.45%
(Updated on Apr 19, 2024)
The Artesian Resources Corporation stock price gained 1.45% on the last trading day (Friday, 19th Apr 2024), rising from $34.37 to $34.87. 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 2.22% from a day low at $34.23 to a day high of $34.99. The price has risen in 6 of the last 10 days but is still down by -1.39% for this period. Volume fell on the last day by -994 shares and in total, 41 thousand shares were bought and sold for approximately $1.43 million. 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 wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.22% during the next 3 months and, with a 90% probability hold a price between $31.90 and $35.17 at the end of this 3-month period.
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ARTNA Signals & Forecast
There are mixed signals in the stock today. The Artesian Resources Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $35.61. On a fall, the stock will find some support from the short-term average at $34.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.41%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Artesian Resources Corporation stock
Artesian Resources Corporation finds support from accumulated volume at $34.81 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.760 between high and low, or 2.22%. For the last week the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARTNA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Artesian Resources Corporation to open at $34.70, and during the day (based on 14 day Average True Range), to move between $33.88 and $35.86, which gives a possible trading interval of +/-$0.99 (+/-2.84%) up or down from last closing price. If Artesian Resources Corporation takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.81 (0.17%) than the resistance at $35.49 (1.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Artesian Resources Corporation stock A Buy?
Artesian Resources Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.482 Sell Candidate Unchanged
Predicted Opening Price for Artesian Resources Corporation of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$34.70 ( 0.497%) | $34.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARTNA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 35.46 | 1.68 % | |
R2 | 35.17 | 0.85 % | ||
R1 | 34.99 | 0.335 % | ||
Current price: | 34.87 | |||
Support | S1 | 34.41 | -1.33 % | |
S2 | 34.23 | -1.84 % | ||
S3 | 33.94 | -2.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.92 | 5.88 % | |
R2 | 36.63 | 5.05 % | ||
R1 | 35.49 | 1.78 % | ||
Current price | 34.87 | |||
Support | S1 | 34.81 | -0.172% | |
S2 | 34.33 | -1.55% | ||
S3 | 34.04 | -2.38% |
ARTNA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 29, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.290 | 0.83% |
2 | Nov 06, 2023 | Nov 15, 2023 | Nov 24, 2023 | $0.290 | 0.668% |
3 | Aug 07, 2023 | Aug 16, 2023 | Aug 25, 2023 | $0.284 | 0.618% |
4 | May 09, 2023 | May 18, 2023 | May 26, 2023 | $0.284 | 0.580% |
5 | Jan 25, 2023 | Feb 08, 2023 | Feb 23, 2023 | $0.278 | 0.478% |
FAQ
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