Antero Midstream Partners LP Stock Forecast
Green day on Friday for Antero Midstream Partners LP stock after gaining 0.724%
(Updated on Apr 19, 2024)
The Antero Midstream Partners LP stock price gained 0.724% on the last trading day (Friday, 19th Apr 2024), rising from $13.82 to $13.92. 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 2.18% from a day low at $13.77 to a day high of $14.07. The price has fallen in 7 of the last 10 days and is down by -2.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 286 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $31.91 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.92% during the next 3 months and, with a 90% probability hold a price between $16.17 and $17.77 at the end of this 3-month period.
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AM Signals & Forecast
The Antero Midstream Partners LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.80 and $13.81. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -2.93%. 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).
Support, Risk & Stop-loss for Antero Midstream Partners LP stock
Antero Midstream Partners LP finds support from accumulated volume at $13.66 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 $0.300 between high and low, or 2.18%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: $13.27 (-4.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (AM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Antero Midstream Partners LP to open at $13.92, and during the day (based on 14 day Average True Range), to move between $13.68 and $14.16, which gives a possible trading interval of +/-$0.237 (+/-1.70%) up or down from last closing price. If Antero Midstream Partners LP takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.93 (0.07%) than the support at $13.66 (1.87%), 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.
Earnings coming up
Antero Midstream Partners LP will release earnings AMC on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.240. We will update the financials statements for Antero Midstream Partners LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.59% in the first trading day after earnings release.
Is Antero Midstream Partners LP stock 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 Antero Midstream Partners LP stock to perform well in the short-term.
Current score: 3.587 Buy Candidate Unchanged
Predicted Opening Price for Antero Midstream Partners LP of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $13.92 ( 0%) | $13.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.22 | 2.16 % | |
| R2 | 14.11 | 1.33 % | ||
| R1 | 14.03 | 0.82 % | ||
| Current price: | 13.92 | |||
| Support | S1 | 13.81 | -0.82 % | |
| S2 | 13.73 | -1.33 % | ||
| S3 | 13.62 | -2.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.06 | 1.01 % | |
| R2 | 14.00 | 0.575 % | ||
| R1 | 13.93 | 0.0718 % | ||
| Current price | 13.92 | |||
| Support | S1 | 13.66 | -1.87% | |
| S2 | 13.36 | -4.02% | ||
| S3 | 12.40 | -10.92% |
AM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | May 08, 2024 | $0.225 | 1.62% |
| 2 | Jan 10, 2024 | Jan 23, 2024 | Feb 07, 2024 | $0.225 | 1.88% |
| 3 | Oct 11, 2023 | Oct 24, 2023 | Nov 08, 2023 | $0.225 | 1.81% |
| 4 | Jul 12, 2023 | Jul 25, 2023 | Aug 09, 2023 | $0.225 | 1.88% |
| 5 | Apr 12, 2023 | Apr 25, 2023 | May 10, 2023 | $0.225 | 2.12% |
FAQ
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