Anadarko Petroleum Corporation Fund Forecast
Anadarko Petroleum Corporation fund price ended at $32.89 on Tuesday, after losing 0%.
(Updated on Jun 12, 2018)
No changes to the price of Anadarko Petroleum Corporation fund on the last trading day (Tuesday, 12th Jun 2018). During the last trading day the fund fluctuated 0% from a day low at $32.89 to a day high of $32.89. The price has been going up and down for this period, and there has been a 4.68% gain for the last 2 weeks.
The fund lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 9.48% during the next 3 months and, with a 90% probability hold a price between $33.96 and $37.55 at the end of this 3-month period.
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AEUA Signals & Forecast
The Anadarko Petroleum Corporation fund 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 fund giving a positive forecast for the stock. On further gains, the fund will meet resistance from the short-term Moving Average at approximately $33.10. On a fall, the fund will find some support from the long-term average at approximately $32.06. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 06, 2018, and so far it has fallen 0%. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Anadarko Petroleum Corporation fund
Anadarko Petroleum Corporation finds support from accumulated volume at $32.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0.403%
Our recommended stop-loss: $31.01 (-5.72%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AEUA) For The Upcoming Trading Day Of Wednesday 13th
For the upcoming trading day on Wednesday, 13th we expect Anadarko Petroleum Corporation to open at $32.89, and during the day (based on 14 day Average True Range), to move between $32.34 and $33.44, which gives a possible trading interval of +/-$0.550 (+/-1.67%) up or down from last closing price. If Anadarko Petroleum Corporation takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.60 (0.88%) than the resistance at $33.33 (1.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Anadarko Petroleum Corporation fund 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 Anadarko Petroleum Corporation fund to perform well in the short-term.
Current score: 2.500 Buy Candidate Unchanged
Predicted Opening Price for Anadarko Petroleum Corporation of Wednesday, June 13, 2018
Fair opening price June 13, 2018 | Current price |
---|---|
$32.89 ( 0%) | $32.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEUA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.89 | . | |
R2 | 32.89 | . | ||
R1 | 32.89 | . | ||
Current price: | 32.89 | |||
Support | S1 | 32.89 | . | |
S2 | 32.89 | . | ||
S3 | 32.89 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.97 | 3.28 % | |
R2 | 33.92 | 3.13 % | ||
R1 | 33.33 | 1.34 % | ||
Current price | 32.89 | |||
Support | S1 | 32.60 | -0.88% | |
S2 | 31.95 | -2.86% | ||
S3 | 31.60 | -3.92% |
FAQ
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