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 ALCO
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Alico stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 3.39% PDF

The Alico stock price fell by -0.239% on the last day (Thursday, 28th Mar 2024) from $29.35 to $29.28. During the last trading day the stock fluctuated 3.44% from a day low at $29.11 to a day high of $30.11. The price has risen in 6 of the last 10 days and is up by 8% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 18 thousand shares were bought and sold for approximately $530.61 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $29.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.49% during the next 3 months and, with a 90% probability hold a price between $25.24 and $28.05 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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ALCO Signals & Forecast

The Alico 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 $29.02 and $28.14. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.678%. Further fall is indicated until a new bottom pivot has been found. Alico gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Alico stock

Alico finds support from accumulated volume at $28.32 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.00 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 2.30%.

Our recommended stop-loss: $28.45 (-2.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (ALCO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Alico to open at $29.50, and during the day (based on 14 day Average True Range), to move between $28.54 and $30.02, which gives a possible trading interval of +/-$0.741 (+/-2.53%) up or down from last closing price. If Alico takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.69 (1.40%) than the support at $28.32 (3.28%), 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 Alico stock A Buy?

Alico 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.887 Hold/Accumulate Downgraded

Predicted Opening Price for Alico of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$29.50 ( 0.751%) $29.28

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

Trading levels for ALCO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 30.50 4.17 %
R2 30.12 2.86 %
R1 29.88 2.06 %
Current price: 29.28
Support S1 29.12 -0.553 %
S2 28.88 -1.36 %
S3 28.50 -2.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.48 4.10 %
R2 30.31 3.52 %
R1 29.69 1.40 %
Current price 29.28
Support S1 28.32 -3.28%
S2 27.51 -6.05%
S3 27.36 -6.56%

ALCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 27, 2024 Apr 11, 2024 $0.0500 0.171%
2 Dec 08, 2023 Dec 28, 2023 Jan 12, 2024 $0.0500 0.177%
3 Sep 15, 2023 Sep 28, 2023 Oct 13, 2023 $0.0500 0.205%
4 Jun 15, 2023 Jun 29, 2023 Jul 14, 2023 $0.0500 0.195%
5 Mar 10, 2023 Mar 30, 2023 Apr 14, 2023 $0.0500 0.207%

FAQ

What is the symbol for Alico Stock and on which exchange is it traded?
The symbol for Alico is ALCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Alico Stock?
Alico 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of Alico Stock?
As of the end of day on the 2024-03-28, the price of an Alico (ALCO) share was $29.28.

What is the 52-week high and low for Alico Stock?
The 52-week high for Alico Stock is $31.00 and the 52-week low is $22.58.

What is the market capitalization of Alico Stock?
As of the 2024-03-28, the market capitalization of Alico is 223.136M.

When is the next earnings date for Alico?
The upcoming earnings date for Alico is May 02, 2024.
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About Alico

Alico Alico, Inc., together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets. The Land Management and Other Operations segment owns and manages land in Collier, Glades, and Hendry Counties... ALCO Profile

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