USA A1 Trading Advice (C) | 06-Nov-2024 | Expected Gain 5%-6%

 BUY   AECOM (NYSE: ACM)

AECOM (NYSE: ACM) STOCK RECOMMENDATION

Idea BUY
Buy Range 108 – 109.5
Target 114.5 – 116
StopLoss* below 105
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 108 – 109.5 114.5 – 116 below 105 12-14 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

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AECOM (NYSE: ACM) STOCK OVERVIEW

AECOM, along with its subsidiaries, delivers top-tier infrastructure consulting services on a global scale. The company operates through three key divisions: Americas, International, and AECOM Capital. AECOM specializes in a wide array of services, including planning, consulting, architectural and engineering design, as well as construction and program management. It caters to both public and private sector clients, while also engaging in the investment and development of real estate projects. Furthermore, AECOM offers comprehensive construction services that encompass building construction, energy projects, and infrastructure and industrial construction. The company plays a vital role in various sectors, including transportation, water, government, facilities, environmental, and energy. Originally established as AECOM Technology Corporation, the company rebranded to AECOM in January 2015. Founded in 1980, AECOM is headquartered in Dallas, Texas.

Stock Data
NYSE Symbol ACM
Sectoral Index Consumer Discretionary
52 Weeks High 109.98
52 Weeks Low 77.78

AECOM (NYSE: ACM) - RELATIVE STRENGTH

ACM - RELATIVE STRENGTH

Relative Performance - Last 1 Year

AECOM —     NYSE —

AECOM (NYSE: ACM) - DAILY TECHNICAL ANALYSIS

ACM - DAILY TECHNICAL ANALYSIS
AECOM (NYSE: ACM) - Technical Analysis (Daily)
  • After reaching a peak close to the 98 level, the price saw a downturn but eventually found stability around the 82 level.
  • During a phase of consolidation, the stock price formed a Cup & Handle Pattern.
  • Recently, with a significant breakthrough, the price is now trading at an all-time high and is anticipated to continue rising.

AECOM (NYSE: ACM) - RSI

AECOM (NYSE: ACM) - RSI
  • Current RSI of this stock is 66.82, which indicates the strength of buyers.

AECOM (NYSE: ACM) - EMA Cross

AECOM (NYSE: ACM) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

AECOM (NYSE: ACM) - ADX & DI

AECOM (NYSE: ACM) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - AECOM (NYSE: ACM) STOCK PRICE FORECAST

Based on our stock trading advice in USA, AECOM stock price target will be USD 114.5 – USD 116 in the next 12-14 trading sessions.

AECOM (NYSE: ACM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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