Ameresco Inc Stock Forecast
Ameresco Inc stock price ended at $18.80 on Friday, after gaining 1.29%.
(Updated on Apr 19, 2024)
The Ameresco Inc stock price gained 1.29% on the last trading day (Friday, 19th Apr 2024), rising from $18.56 to $18.80. During the last trading day the stock fluctuated 3.38% from a day low at $18.33 to a day high of $18.95. The price has fallen in 7 of the last 10 days and is down by -16.44% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 216 thousand more shares were traded than the day before. In total, 645 thousand shares were bought and sold for approximately $12.13 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $17.50 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.43% during the next 3 months and, with a 90% probability hold a price between $16.73 and $23.64 at the end of this 3-month period.
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AMRC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.29%. Further rise is indicated until a new top pivot has been found. 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. The Ameresco Inc 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 $19.87 and $21.04. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ameresco Inc stock
Ameresco Inc finds support from accumulated volume at $18.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.620 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 5.13%.
Ameresco Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMRC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Ameresco Inc to open at $18.69, and during the day (based on 14 day Average True Range), to move between $17.44 and $20.16, which gives a possible trading interval of +/-$1.36 (+/-7.26%) up or down from last closing price. If Ameresco Inc takes out the full calculated possible swing range there will be an estimated 14.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.61 (1.01%) than the resistance at $19.54 (3.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ameresco Inc stock A Buy?
Ameresco Inc holds several negative signals and is within a very wide and 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: -2.061 Sell Candidate Unchanged
Predicted Opening Price for Ameresco Inc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$18.69 ( 0.567%) | $18.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMRC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.31 | 2.73 % | |
R2 | 19.08 | 1.47 % | ||
R1 | 18.93 | 0.692 % | ||
Current price: | 18.80 | |||
Support | S1 | 18.46 | -1.83 % | |
S2 | 18.31 | -2.61 % | ||
S3 | 18.07 | -3.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.96 | 11.49 % | |
R2 | 20.11 | 6.97 % | ||
R1 | 19.54 | 3.94 % | ||
Current price | 18.80 | |||
Support | S1 | 18.61 | -1.01% | |
S2 | 18.47 | -1.76% | ||
S3 | 18.11 | -3.67% |
FAQ
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