ARC Resources Ltd. Stock Forecast
ARC Resources Ltd. stock price up 2.34% on Thursday
(Updated on Apr 25, 2024)
The ARC Resources Ltd. stock price gained 2.34% on the last trading day (Thursday, 25th Apr 2024), rising from $25.23 to $25.82. During the last trading day the stock fluctuated 3.81% from a day low at $24.95 to a day high of $25.90. The price has fallen in 6 of the last 10 days but is still up by 0.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $53.74 million.
The stock lies in the middle of a 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 24.21% during the next 3 months and, with a 90% probability hold a price between $30.75 and $33.63 at the end of this 3-month period.
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ARX.TO Signals & Forecast
The ARC Resources Ltd. 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 $25.18 and $24.47. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -1.22%. 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).
Support, Risk & Stop-loss for ARC Resources Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $23.78 and $23.58. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ARC Resources Ltd. finds support just below today's level at $23.78. If this is broken, then the next support from accumulated volume will be at $23.58 and $23.13.
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 $0.95 (3.81%) between high and low. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: $24.72 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (ARX.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect ARC Resources Ltd. to open at $25.56, and during the day (based on 14 day Average True Range), to move between $25.21 and $26.43, which gives a possible trading interval of +/-$0.605 (+/-2.34%) up or down from last closing price. If ARC Resources Ltd. takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.98 (0.62%) than the support at $23.78 (7.90%), 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.
Earnings coming up
ARC Resources Ltd. will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for ARC Resources Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.42% in the first trading day after earnings release.
Is ARC Resources Ltd. 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 ARC Resources Ltd. stock to perform well in the short-term.
Current score: 3.274 Buy Candidate Unchanged
Predicted Opening Price for ARC Resources Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $25.56 ( 1.02%) | $25.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARX.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.51 | 2.66 % | |
| R2 | 26.14 | 1.25 % | ||
| R1 | 25.92 | 0.386 % | ||
| Current price: | 25.82 | |||
| Support | S1 | 25.19 | -2.43 % | |
| S2 | 24.97 | -3.29 % | ||
| S3 | 24.61 | -4.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 26.14 | 1.24 % | ||
| R1 | 25.98 | 0.620 % | ||
| Current price | 25.82 | |||
| Support | S1 | 23.78 | -7.90% | |
| S2 | 23.58 | -8.68% | ||
| S3 | 23.13 | -10.42% |
ARX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 2 | Dec 15, 2023 | Dec 29, 2023 | Jan 15, 2024 | $0.170 | 0.758% |
| 3 | Dec 15, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.170 | 0.758% |
| 4 | Sep 15, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.170 | 0.775% |
| 5 | May 04, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.170 | 0.93% |
FAQ
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