Arch Coal Stock Forecast
Arch Coal stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Arch Coal stock price fell by -2.89% on the last day (Tuesday, 23rd Apr 2024) from $161.39 to $156.72. During the last trading day the stock fluctuated 3.38% from a day low at $154.47 to a day high of $159.69. The price has been going up and down for this period, and there has been a 0.26% gain for the last 2 weeks. Volume has increased on the last day by 201 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, 491 thousand shares were bought and sold for approximately $76.97 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 -9.81% during the next 3 months and, with a 90% probability hold a price between $130.44 and $157.62 at the end of this 3-month period.
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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 2.74%. 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 $161.75 and $163.53. 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 $156.31 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 $5.22 (3.38%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARCH) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Arch Coal Inc. to open at $156.96, and during the day (based on 14 day Average True Range), to move between $151.36 and $162.08, which gives a possible trading interval of +/-$5.36 (+/-3.42%) up or down from last closing price. If Arch Coal Inc. takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $156.31 (0.26%) than the resistance at $158.13 (0.90%), 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 is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.469 Sell Candidate Downgraded
Predicted Opening Price for Arch Coal Inc. of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$156.96 ( 0.151%) | $156.72 |
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 | 162.18 | 3.48 % | |
R2 | 160.18 | 2.21 % | ||
R1 | 158.95 | 1.42 % | ||
Current price: | 156.72 | |||
Support | S1 | 154.96 | -1.12 % | |
S2 | 153.73 | -1.91 % | ||
S3 | 151.74 | -3.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 178.18 | 13.69 % | |
R2 | 162.03 | 3.39 % | ||
R1 | 158.13 | 0.90 % | ||
Current price | 156.72 | |||
Support | S1 | 156.31 | -0.262% | |
S2 | 153.67 | -1.95% | ||
S3 | 152.54 | -2.67% |
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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