ATRION Corporation Stock Forecast
ATRION Corporation stock upgraded from Strong Sell Candidate to Sell Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The ATRION Corporation stock price fell by -3.28% on the last day (Thursday, 18th Apr 2024) from $398.76 to $385.70. During the last trading day the stock fluctuated 5.60% from a day low at $385.70 to a day high of $407.29. The price has fallen in 7 of the last 10 days and is down by -8.09% 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 -10 thousand shares and in total, 25 thousand shares were bought and sold for approximately $9.79 million.
Given the current short-term trend, the stock is expected to rise 29.00% during the next 3 months and, with a 90% probability hold a price between $497.54 and $629.94 at the end of this 3-month period.
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ATRI Signals & Forecast
There are few to no technical positive signals at the moment. The ATRION Corporation 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 $403.19 and $416.77. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -16.79%. 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 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 ATRION Corporation stock
ATRION Corporation finds support from accumulated volume at $381.09 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $21.59 between high and low, or 5.60%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATRI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect ATRION Corporation to open at $392.90, and during the day (based on 14 day Average True Range), to move between $366.51 and $404.89, which gives a possible trading interval of +/-$19.19 (+/-4.97%) up or down from last closing price. If ATRION Corporation takes out the full calculated possible swing range there will be an estimated 9.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $381.09 (1.20%) than the resistance at $403.10 (4.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ATRION Corporation stock A Buy?
The ATRION Corporation stock holds several negative signals and despite the positive trend, we believe ATRION Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.257 Sell Candidate Upgraded
Predicted Opening Price for ATRION Corporation of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$392.90 ( 1.87%) | $385.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 414.49 | 7.46 % | |
R2 | 406.24 | 5.33 % | ||
R1 | 401.14 | 4.00 % | ||
Current price: | 385.70 | |||
Support | S1 | 384.65 | -0.272 % | |
S2 | 379.55 | -1.59 % | ||
S3 | 371.31 | -3.73 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 436.10 | 13.07 % | |
R2 | 427.58 | 10.86 % | ||
R1 | 403.10 | 4.51 % | ||
Current price | 385.70 | |||
Support | S1 | 381.09 | -1.20% | |
S2 | 353.80 | -8.27% | ||
S3 | 333.00 | -13.66% |
ATRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 14, 2024 | $0 | 0% |
2 | Nov 13, 2023 | Nov 30, 2023 | Dec 15, 2023 | $2.20 | 0.605% |
3 | Aug 22, 2023 | Sep 14, 2023 | Sep 29, 2023 | $2.20 | 0.532% |
4 | May 23, 2023 | Jun 14, 2023 | Jun 30, 2023 | $2.15 | 0.380% |
5 | Feb 27, 2023 | Mar 14, 2023 | Mar 31, 2023 | $2.15 | 0.342% |
FAQ
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