Art Stock Forecast
Stronger technical forecast for Art stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Art stock price gained 0.478% on the last trading day (Thursday, 28th Mar 2024), rising from $2.09 to $2.10. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.45% from a day low at $2.03 to a day high of $2.10. The price has risen in 5 of the last 10 days but is still down by -6.67% for this period. Volume fell on the last day by -3 thousand shares and in total, 447 shares were bought and sold for approximately $938.70 . 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 -2.11% during the next 3 months and, with a 90% probability hold a price between $1.83 and $2.19 at the end of this 3-month period.
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ARTW Signals & Forecast
The Art 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 $2.07 and $2.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 5.00%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Art stock
Art finds support from accumulated volume at $2.09 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0700 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: $2.02 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ARTW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Art to open at $2.08, and during the day (based on 14 day Average True Range), to move between $1.98 and $2.22, which gives a possible trading interval of +/-$0.117 (+/-5.58%) up or down from last closing price. If Art takes out the full calculated possible swing range there will be an estimated 11.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.09 (0.48%) than the resistance at $2.13 (1.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Art stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.111 Buy Candidate Upgraded
Predicted Opening Price for Art of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$2.08 ( 1.11%) | $2.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARTW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.15 | 2.22 % | |
R2 | 2.12 | 0.95 % | ||
R1 | 2.10 | 0.162 % | ||
Current price: | 2.10 | |||
Support | S1 | 2.05 | -2.38 % | |
S2 | 2.03 | -3.17 % | ||
S3 | 2.01 | -4.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.25 | 7.14 % | |
R2 | 2.14 | 1.90 % | ||
R1 | 2.13 | 1.43 % | ||
Current price | 2.10 | |||
Support | S1 | 2.09 | -0.481% | |
S2 | 2.06 | -1.90% | ||
S3 | 1.97 | -6.19% |
ARTW Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 26, 2015 | Feb 10, 2015 | Mar 02, 2015 | $0.0500 | 1.09% |
2 | Nov 14, 2013 | Nov 21, 2013 | Nov 29, 2013 | $0.100 | 1.60% |
3 | Nov 09, 2012 | Nov 15, 2012 | Nov 30, 2012 | $0.100 | 1.82% |
4 | Nov 08, 2011 | Nov 09, 2011 | Nov 30, 2011 | $0.0600 | 1.00% |
5 | Oct 28, 2010 | Nov 09, 2010 | Nov 30, 2010 | $0.0600 | 0.628% |
FAQ
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