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Investing in Aris Water Solutions Inc (ARIS) Is Getting More Attractive

Aris Water Solutions Inc’s recent filing unveils that its Director Hernandez Jacinto J acquired Company’s shares for reported $20450.0 on Dec 13 ’23. In the deal valued at $7.42 per share,2,756 shares were bought. As a result of this transaction, Hernandez Jacinto J now holds 21,072 shares worth roughly $0.3 million.

Seaport Research Partners initiated its Aris Water Solutions Inc [ARIS] rating to a Buy in a research note published on December 13, 2023; the price target was $15. Wells Fargo also remained covering ARIS and has decreased its forecast on December 16, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Citigroup started covering the stock on December 09, 2022. It rated ARIS as “a Buy”.

Price Performance Review of ARIS

On Tuesday, Aris Water Solutions Inc [NYSE:ARIS] saw its stock fall -4.23% to $14.03. Over the last five days, the stock has lost -2.64%. Aris Water Solutions Inc shares have risen nearly 67.22% since the year began. Nevertheless, the stocks have risen 92.98% over the past one year. While a 52-week high of $15.31 was reached on 04/09/24, a 52-week low of $6.78 was recorded on 01/19/24. SMA at 50 days reached $13.14, while 200 days put it at $10.28. A total of 0.35 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For ARIS Stock

The 24-hour chart illustrates a support level at 13.84, which if violated will result in even more drops to 13.65. On the upside, there is a resistance level at 14.41. A further resistance level may holdings at 14.79. The Relative Strength Index (RSI) on the 14-day chart is 50.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.11%. Stochastics %K at 71.26% indicates the stock is a holding.

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