AECOM Stock Forecast

AECOM stock price down 0.750% on Monday
(Updated on Apr 22, 2024)

ACM Signals & Forecast

There are few to no technical positive signals at the moment. The AECOM 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 $93.28 and $94.19. 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 21, 2024, and so far it has fallen -5.84%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for AECOM stock

AECOM finds support from accumulated volume at $89.73 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.55 (1.67%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ACM) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect AECOM to open at $93.15, and during the day (based on 14 day Average True Range), to move between $91.02 and $94.28, which gives a possible trading interval of +/-$1.63 (+/-1.76%) up or down from last closing price. If AECOM takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $93.66 (1.09%) than the support at $89.73 (3.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AECOM stock A Buy?

The AECOM stock holds several negative signals and despite the positive trend, we believe AECOM will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.752 Sell Candidate Unchanged

Predicted Opening Price for AECOM of Tuesday, April 23, 2024

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