Artisan Partners Asset Management Inc Stock Forecast
Artisan Partners Asset Management Inc stock price ended at $41.04 on Thursday, after losing 2.75%.
(Updated on Apr 25, 2024)
The Artisan Partners Asset Management Inc stock price fell by -2.75% on the last day (Thursday, 25th Apr 2024) from $42.20 to $41.04. During the last trading day the stock fluctuated 2.80% from a day low at $40.33 to a day high of $41.46. The price has fallen in 8 of the last 10 days and is down by -6.85% for this period. Volume has increased on the last day by 49 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 563 thousand shares were bought and sold for approximately $23.09 million.
Given the current short-term trend, the stock is expected to rise 3.81% during the next 3 months and, with a 90% probability hold a price between $42.60 and $48.87 at the end of this 3-month period.
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APAM Signals & Forecast
There are few to no technical positive signals at the moment. The Artisan Partners Asset Management 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 $42.31 and $43.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -12.20%. 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 Artisan Partners Asset Management Inc stock
Artisan Partners Asset Management Inc finds support from accumulated volume at $40.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.13 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APAM) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Artisan Partners Asset Management Inc to open at $40.94, and during the day (based on 14 day Average True Range), to move between $39.83 and $42.25, which gives a possible trading interval of +/-$1.21 (+/-2.95%) up or down from last closing price. If Artisan Partners Asset Management Inc takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.92 (0.29%) than the resistance at $41.90 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Artisan Partners Asset Management Inc stock A Buy?
The Artisan Partners Asset Management Inc stock holds several negative signals and despite the positive trend, we believe Artisan Partners Asset Management Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.309 Sell Candidate Unchanged
Predicted Opening Price for Artisan Partners Asset Management Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $40.94 ( 0.236%) | $41.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APAM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.07 | 2.52 % | |
| R2 | 41.64 | 1.47 % | ||
| R1 | 41.37 | 0.82 % | ||
| Current price: | 41.04 | |||
| Support | S1 | 40.51 | -1.29 % | |
| S2 | 40.24 | -1.94 % | ||
| S3 | 39.81 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.71 | 8.94 % | |
| R2 | 43.98 | 7.16 % | ||
| R1 | 41.90 | 2.10 % | ||
| Current price | 41.04 | |||
| Support | S1 | 40.92 | -0.292% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
APAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | May 16, 2024 | May 31, 2024 | $0.610 | 1.49% |
| 2 | Jan 30, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.340 | 0.789% |
| 3 | Oct 31, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.650 | 1.73% |
| 4 | Aug 01, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.610 | 1.59% |
| 5 | May 02, 2023 | May 16, 2023 | May 31, 2023 | $0.500 | 1.56% |
FAQ
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