Grupo Aeroportuario del Sureste SA de CV Stock Forecast
Stronger technical forecast for Grupo Aeroportuario del Sureste SA de CV stock price after Monday trading.
(Updated on Apr 22, 2024)
The Grupo Aeroportuario del Sureste SA de CV stock price gained 2.29% on the last trading day (Monday, 22nd Apr 2024), rising from $308.21 to $315.26. 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 2.50% from a day low at $307.63 to a day high of $315.32. The price has fallen in 7 of the last 10 days and is down by -4.58% for this period. Volume fell on the last day by -16 thousand shares and in total, 26 thousand shares were bought and sold for approximately $8.19 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 wide and 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 9.42% during the next 3 months and, with a 90% probability hold a price between $326.33 and $372.55 at the end of this 3-month period.
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ASR Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -4.85%. 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). The Grupo Aeroportuario del Sureste SA de CV 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 $310.34 and $309.96. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Grupo Aeroportuario del Sureste SA de CV stock
Grupo Aeroportuario del Sureste SA de CV finds support from accumulated volume at $313.00 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 $7.69 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: $301.03 (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (ASR) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Grupo Aeroportuario del Sureste SA de CV to open at $312.74, and during the day (based on 14 day Average True Range), to move between $308.29 and $322.23, which gives a possible trading interval of +/-$6.97 (+/-2.21%) up or down from last closing price. If Grupo Aeroportuario del Sureste SA de CV takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $316.34 (0.34%) than the support at $313.00 (0.72%), 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 Grupo Aeroportuario del Sureste SA de CV 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 Grupo Aeroportuario del Sureste SA de CV stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.205 Buy Candidate Upgraded
Predicted Opening Price for Grupo Aeroportuario del Sureste SA de CV of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $312.74 ( 0.80%) | $315.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 320.43 | 1.64 % | |
| R2 | 317.49 | 0.707 % | ||
| R1 | 315.67 | 0.131 % | ||
| Current price: | 315.26 | |||
| Support | S1 | 309.80 | -1.73 % | |
| S2 | 307.98 | -2.31 % | ||
| S3 | 305.05 | -3.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 330.40 | 4.80 % | |
| R2 | 329.84 | 4.62 % | ||
| R1 | 316.34 | 0.343 % | ||
| Current price | 315.26 | |||
| Support | S1 | 313.00 | -0.717% | |
| S2 | 298.15 | -5.43% | ||
| S3 | 284.51 | -9.75% |
ASR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 08, 2023 | Nov 27, 2023 | Dec 11, 2023 | $5.71 | 2.47% |
| 2 | May 17, 2023 | May 26, 2023 | Jun 12, 2023 | $5.65 | 1.95% |
| 3 | May 13, 2022 | May 27, 2022 | Jun 13, 2022 | $7.41 | 3.65% |
| 4 | Sep 22, 2021 | Sep 29, 2021 | Oct 12, 2021 | $4.12 | 2.14% |
| 5 | May 24, 2019 | Jun 04, 2019 | Jun 17, 2019 | $5.25 | 3.15% |
FAQ
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