Aris Water Solutions, Inc. Stock Forecast
Aris Water Solutions, Inc. stock price up 1.09% on Friday
(Updated on Apr 26, 2024)
The Aris Water Solutions, Inc. stock price gained 1.09% on the last trading day (Friday, 26th Apr 2024), rising from $14.65 to $14.81. During the last trading day the stock fluctuated 3.70% from a day low at $14.31 to a day high of $14.84. The price has been going up and down for this period, and there has been a 3.71% gain for the last 2 weeks. Volume fell on the last day by -70 thousand shares and in total, 273 thousand shares were bought and sold for approximately $4.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 80.97% during the next 3 months and, with a 90% probability hold a price between $25.65 and $30.25 at the end of this 3-month period.
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ARIS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.24%. 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). The Aris Water Solutions, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.28 and $13.99. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Aris Water Solutions, Inc. stock
Aris Water Solutions, Inc. finds support from accumulated volume at $14.74 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 $0.530 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: $14.23 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ARIS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Aris Water Solutions, Inc. to open at $14.65, and during the day (based on 14 day Average True Range), to move between $14.24 and $15.38, which gives a possible trading interval of +/-$0.574 (+/-3.88%) up or down from last closing price. If Aris Water Solutions, Inc. takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.74 (0.47%) than the resistance at $15.00 (1.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aris Water Solutions, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Aris Water Solutions, Inc. stock to perform well in the short-term.
Current score: 3.658 Buy Candidate Unchanged
Predicted Opening Price for Aris Water Solutions, Inc. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$14.65 ( 1.06%) | $14.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARIS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.18 | 2.52 % | |
R2 | 14.98 | 1.15 % | ||
R1 | 14.86 | 0.309 % | ||
Current price: | 14.81 | |||
Support | S1 | 14.45 | -2.42 % | |
S2 | 14.33 | -3.27 % | ||
S3 | 14.12 | -4.64 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.15 | 2.30 % | |
R2 | 15.08 | 1.82 % | ||
R1 | 15.00 | 1.28 % | ||
Current price | 14.81 | |||
Support | S1 | 14.74 | -0.473% | |
S2 | 12.87 | -13.10% | ||
S3 | 12.04 | -18.70% |
ARIS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Mar 06, 2024 | Mar 21, 2024 | $0.0900 | 0.660% |
2 | Nov 01, 2023 | Dec 06, 2023 | Dec 21, 2023 | $0.0900 | 1.08% |
3 | Aug 02, 2023 | Sep 13, 2023 | Sep 28, 2023 | $0.0900 | 0.89% |
4 | May 08, 2023 | Jun 15, 2023 | Jun 29, 2023 | $0.0900 | 0.85% |
5 | Mar 03, 2023 | Mar 16, 2023 | Mar 29, 2023 | $0.0900 | 1.16% |
FAQ
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