Arch Coal Stock Forecast
Stronger technical forecast for Arch Coal stock price after Monday trading.
(Updated on Apr 22, 2024)
The Arch Coal stock price fell by -1.10% on the last day (Monday, 22nd Apr 2024) from $163.18 to $161.39. During the last trading day the stock fluctuated 2.61% from a day low at $159.22 to a day high of $163.38. The price has risen in 6 of the last 10 days and is up by 5.02% over the past 2 weeks. Volume has increased on the last day by 45 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, 290 thousand shares were bought and sold for approximately $46.75 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.09% during the next 3 months and, with a 90% probability hold a price between $129.96 and $157.16 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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ARCH Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 5.80%. 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. The Arch Coal 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 $161.77 and $164.14. A break-up above any of these levels will issue buy signals. 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 Arch Coal stock
Arch Coal finds support from accumulated volume at $161.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.16 (2.61%) between high and low. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: $155.26 (-3.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ARCH) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Arch Coal Inc. to open at $161.33, and during the day (based on 14 day Average True Range), to move between $156.15 and $166.63, which gives a possible trading interval of +/-$5.24 (+/-3.25%) up or down from last closing price. If Arch Coal Inc. takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $161.00 (0.24%) than the resistance at $162.03 (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Arch Coal will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.79. We will update the financials statements for Arch Coal, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.74% in the first trading day after earnings release.
Is Arch Coal Inc. stock A Buy?
Arch Coal holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.830 Hold/Accumulate Upgraded
Predicted Opening Price for Arch Coal Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $161.33 ( 0.0372%) | $161.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARCH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 165.49 | 2.54 % | |
| R2 | 163.90 | 1.56 % | ||
| R1 | 162.92 | 0.95 % | ||
| Current price: | 161.39 | |||
| Support | S1 | 159.74 | -1.02 % | |
| S2 | 158.76 | -1.63 % | ||
| S3 | 157.17 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 178.18 | 10.40 % | |
| R2 | 166.67 | 3.27 % | ||
| R1 | 162.03 | 0.397 % | ||
| Current price | 161.39 | |||
| Support | S1 | 161.00 | -0.242% | |
| S2 | 159.99 | -0.87% | ||
| S3 | 158.13 | -2.02% |
ARCH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.250 | 0.155% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.88 | 0.557% |
| 3 | Jul 27, 2023 | Aug 30, 2023 | Sep 15, 2023 | $1.00 | 0.625% |
| 4 | Apr 27, 2023 | May 30, 2023 | Sep 15, 2023 | $2.45 | 1.53% |
| 5 | Feb 16, 2023 | Feb 27, 2023 | Mar 15, 2023 | $3.11 | 2.31% |
FAQ
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