AptarGroup Inc Stock Forecast
Stronger technical forecast for AptarGroup Inc stock price after Thursday trading.
(Updated on Apr 25, 2024)
The AptarGroup Inc stock price gained 0.121% on the last trading day (Thursday, 25th Apr 2024), rising from $140.01 to $140.18. During the last trading day the stock fluctuated 1.68% from a day low at $138.92 to a day high of $141.25. The price has risen in 6 of the last 10 days and is up by 0.75% 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, 191 thousand more shares were traded than the day before. In total, 614 thousand shares were bought and sold for approximately $86.13 million.
The stock lies in the middle of a weak 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 5.53% during the next 3 months and, with a 90% probability hold a price between $144.78 and $155.29 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ATR Signals & Forecast
There are mixed signals in the stock today. The AptarGroup Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $140.87. On a fall, the stock will find some support from the short-term average at $139.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -3.10%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for AptarGroup Inc stock
AptarGroup Inc finds support from accumulated volume at $138.96 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.33 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $134.32 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (ATR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect AptarGroup Inc to open at $140.12, and during the day (based on 14 day Average True Range), to move between $138.37 and $141.99, which gives a possible trading interval of +/-$1.81 (+/-1.29%) up or down from last closing price. If AptarGroup Inc takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $140.31 (0.09%) than the support at $138.96 (0.87%), 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 AptarGroup Inc stock A Buy?
AptarGroup Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.099 Hold/Accumulate Upgraded
Predicted Opening Price for AptarGroup Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $140.12 ( 0.0452%) | $140.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.45 | 1.62 % | |
| R2 | 141.56 | 0.98 % | ||
| R1 | 141.01 | 0.590 % | ||
| Current price: | 140.18 | |||
| Support | S1 | 139.23 | -0.680 % | |
| S2 | 138.68 | -1.07 % | ||
| S3 | 137.79 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.20 | 2.15 % | |
| R2 | 141.75 | 1.12 % | ||
| R1 | 140.31 | 0.0927 % | ||
| Current price | 140.18 | |||
| Support | S1 | 138.96 | -0.87% | |
| S2 | 137.61 | -1.83% | ||
| S3 | 132.12 | -5.75% |
ATR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 24, 2024 | May 16, 2024 | $0.410 | 0.293% |
| 2 | Jan 31, 2024 | Jan 31, 2024 | Feb 22, 2024 | $0.410 | 0.290% |
| 3 | Oct 25, 2023 | Oct 25, 2023 | Nov 16, 2023 | $0.410 | 0.321% |
| 4 | Jul 13, 2023 | Jul 26, 2023 | Aug 17, 2023 | $0.410 | 0.337% |
| 5 | Apr 20, 2023 | May 03, 2023 | May 25, 2023 | $0.380 | 0.335% |
FAQ
Click here for our free guide on how to buy AptarGroup Inc Stock.
