Andeavor Logistics LP Stock Forecast
Red day on Wednesday for Andeavor Logistics LP stock after losing 0%
(Updated on Sep 18, 2019)
No changes to the price of Andeavor Logistics LP stock on the last trading day (Wednesday, 18th Sep 2019). During the last trading day the stock fluctuated 0% from a day low at $32.17 to a day high of $32.17. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $32.38 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.23% during the next 3 months and, with a 90% probability hold a price between $24.45 and $27.45 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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ANDX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 29, 2019, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 Andeavor Logistics LP stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock 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 stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $30.24 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (ANDX) For The Upcoming Trading Day Of Thursday 19th
For the upcoming trading day on Thursday, 19th we expect Andeavor Logistics LP to open at $32.17, and during the day (based on 14 day Average True Range), to move between $32.01 and $32.33, which gives a possible trading interval of +/-$0.161 (+/-0.50%) up or down from last closing price. If Andeavor Logistics LP takes out the full calculated possible swing range there will be an estimated 1.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $34.31, some $2.14 (6.65%) from the current price of $32.17, our system finds the risk reward not very attractive.
Is Andeavor Logistics LP stock A Buy?
Andeavor Logistics LP holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Andeavor Logistics LP of Thursday, September 19, 2019
| Fair opening price September 19, 2019 | Current price |
|---|---|
| $32.17 ( 0%) | $32.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANDX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.17 | . | |
| R2 | 32.17 | . | ||
| R1 | 32.17 | . | ||
| Current price: | 32.17 | |||
| Support | S1 | 32.17 | . | |
| S2 | 32.17 | . | ||
| S3 | 32.17 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.62 | 13.83 % | |
| R2 | 35.52 | 10.41 % | ||
| R1 | 34.31 | 6.65 % | ||
| Current price | 32.17 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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