RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ARTNA
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Green day on Wednesday for Artesian Resources Corporation
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 3.72% PDF

The Artesian Resources Corporation stock price gained 3.72% on the last trading day (Wednesday, 27th Mar 2024), rising from $35.49 to $36.81. During the last trading day the stock fluctuated 3.97% from a day low at $35.49 to a day high of $36.90. The price has fallen in 6 of the last 10 days but is still up by 2.19% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 24 thousand shares were bought and sold for approximately $894.45 thousand. 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 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 -9.65% during the next 3 months and, with a 90% probability hold a price between $29.65 and $34.89 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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ARTNA Signals & Forecast

The Artesian Resources Corporation 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 $35.69 and $35.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 7.32%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Artesian Resources Corporation stock

Artesian Resources Corporation finds support from accumulated volume at $36.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $1.41 between high and low, or 3.97%. For the last week the stock has had daily average volatility of 2.36%

Our recommended stop-loss: $34.94 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (ARTNA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Artesian Resources Corporation to open at $36.40, and during the day (based on 14 day Average True Range), to move between $35.81 and $37.81, which gives a possible trading interval of +/-$1.00 (+/-2.71%) up or down from last closing price. If Artesian Resources Corporation takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $36.92 (0.30%) than the support at $36.63 (0.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Artesian Resources Corporation stock A Buy?

Artesian Resources Corporation 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: 0.871 Hold/Accumulate Unchanged

Predicted Opening Price for Artesian Resources Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$36.40 ( 1.11%) $36.81

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ARTNA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.81 2.72 %
R2 37.27 1.25 %
R1 36.94 0.349 %
Current price: 36.81
Support S1 35.86 -2.58 %
S2 35.53 -3.48 %
S3 34.99 -4.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 39.80 8.12 %
R2 37.86 2.85 %
R1 36.92 0.299 %
Current price 36.81
Support S1 36.63 -0.489%
S2 35.81 -2.72%
S3 35.49 -3.59%

ARTNA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 29, 2024 Feb 08, 2024 Feb 23, 2024 $0.290 0.83%
2 Nov 06, 2023 Nov 15, 2023 Nov 24, 2023 $0.290 0.668%
3 Aug 07, 2023 Aug 16, 2023 Aug 25, 2023 $0.284 0.618%
4 May 09, 2023 May 18, 2023 May 26, 2023 $0.284 0.580%
5 Jan 25, 2023 Feb 08, 2023 Feb 23, 2023 $0.278 0.478%

FAQ

What is the symbol for Artesian Resources Corporation Stock and on which exchange is it traded?
The symbol for Artesian Resources Corporation is ARTNA and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Artesian Resources Corporation Stock?
Artesian Resources Corporation 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.

How to buy Artesian Resources Corporation Stock?
Artesian Resources Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Artesian Resources Corporation Stock.

What's the current price of Artesian Resources Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Artesian Resources Corporation (ARTNA) share was $36.81.

What is the 52-week high and low for Artesian Resources Corporation Stock?
The 52-week high for Artesian Resources Corporation Stock is $58.41 and the 52-week low is $33.84.

What is the market capitalization of Artesian Resources Corporation Stock?
As of the 2024-03-27, the market capitalization of Artesian Resources Corporation is 378.404M.

When is the next earnings date for Artesian Resources Corporation?
The upcoming earnings date for Artesian Resources Corporation is May 14, 2024.
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About Artesian Resources Corporation

Artesian Resources Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewa... ARTNA Profile

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