Aurizon Holdings Limited Stock Forecast
Aurizon Holdings Limited stock price down 0.273% on Friday
(Updated on Jun 14, 2024)
The Aurizon Holdings Limited stock price fell by -0.273% on the last day (Friday, 14th Jun 2024) from $3.66 to $3.65. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.38% from a day low at $3.62 to a day high of $3.67. The price has risen in 5 of the last 10 days and is up by 0.83% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately $23.75 million.
The stock lies in the middle of a 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 -8.85% during the next 3 months and, with a 90% probability hold a price between $3.25 and $3.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AZJ.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.83%. 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. The Aurizon Holdings Limited 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 $3.70 and $3.74. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, December 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, December 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aurizon Holdings Limited stock
Aurizon Holdings Limited finds support from accumulated volume at $3.63 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AZJ.AX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Aurizon Holdings Limited to open at $3.65, and during the day (based on 14 day Average True Range), to move between $3.59 and $3.71, which gives a possible trading interval of +/-$0.0577 (+/-1.58%) up or down from last closing price. If Aurizon Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.63 (0.55%) than the resistance at $3.68 (0.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aurizon Holdings Limited stock A Buy?
Aurizon Holdings Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.143 Sell Candidate Unchanged
Predicted Opening Price for Aurizon Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $3.65 ( 0.0913%) | $3.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZJ.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.70 | 1.28% |
| R2 | 3.68 | 0.755% |
| R1 | 3.67 | 0.432% |
| Price | 3.65 | |
| S1 | 3.63 | -0.615% |
| S2 | 3.62 | -0.94% |
| S3 | 3.60 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.00 | 9.59% |
| R2 | 3.69 | 1.10% |
| R1 | 3.68 | 0.82% |
| Price | 3.65 | |
| S1 | 3.63 | -0.548% |
| S2 | 3.62 | -0.82% |
| S3 | 0 | - |
AZJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Feb 26, 2024 | Mar 27, 2024 | $0.0970 | 2.44% |
| 2 | Aug 28, 2023 | Aug 28, 2023 | Sep 27, 2023 | $0.0800 | 2.27% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | $0.0700 | 2.17% |
| 4 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | $0.109 | 2.87% |
| 5 | Feb 28, 2022 | Feb 28, 2022 | Feb 28, 2022 | $0.105 | 3.00% |
FAQ
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