Artesian Resources Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Artesian Resources Corporation stock price ended at $34.45 on Monday, after gaining 1.20%.
(Updated on Apr 15, 2024)
The Artesian Resources Corporation stock price gained 1.20% on the last trading day (Monday, 15th Apr 2024), rising from $34.04 to $34.45. During the last trading day the stock fluctuated 3.00% from a day low at $33.62 to a day high of $34.63. The price has fallen in 6 of the last 10 days and is down by -6.41% for this period. Volume fell on the last day by -4 thousand shares and in total, 42 thousand shares were bought and sold for approximately $1.45 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 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 -3.77% during the next 3 months and, with a 90% probability hold a price between $32.24 and $35.46 at the end of this 3-month period.
ARTNA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 1.20%. 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. The Artesian Resources Corporation 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 $35.19 and $35.62. A break-up above any of these levels will issue buy signals. 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 $34.33 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 controlled movements and therefore the general risk is considered 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 $1.01 between high and low, or 3.00%. For the last week the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARTNA) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Artesian Resources Corporation to open at $34.23, and during the day (based on 14 day Average True Range), to move between $33.40 and $35.50, which gives a possible trading interval of +/-$1.05 (+/-3.04%) up or down from last closing price. If Artesian Resources Corporation takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $34.33 (0.35%) than the resistance at $35.49 (3.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Artesian Resources Corporation stock A Buy?
Artesian Resources Corporation holds several negative signals and is within a 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.
Current score: -2.901 Sell Candidate Unchanged
Predicted Opening Price for Artesian Resources Corporation of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $34.23 ( 0.629%) | $34.45 |
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 | 35.24 | 2.30 % | |
| R2 | 34.86 | 1.18 % | ||
| R1 | 34.62 | 0.491 % | ||
| Current price: | 34.45 | |||
| Support | S1 | 33.85 | -1.75 % | |
| S2 | 33.61 | -2.44 % | ||
| S3 | 33.22 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.92 | 7.17 % | |
| R2 | 36.63 | 6.33 % | ||
| R1 | 35.49 | 3.02 % | ||
| Current price | 34.45 | |||
| Support | S1 | 34.33 | -0.348% | |
| S2 | 34.30 | -0.435% | ||
| S3 | 34.04 | -1.19% |
ARTNA Dividend Payout History
| # | 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
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