Almost Family Inc Fund Forecast
Red day on Tuesday for Almost Family Inc fund after losing 0%
(Updated on Apr 17, 2018)
No changes to the price of Almost Family Inc fund on the last trading day (Tuesday, 17th Apr 2018). During the last trading day the fund fluctuated 0% from a day low at $56.00 to a day high of $56.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -3.84% during the next 3 months and, with a 90% probability hold a price between $50.82 and $56.91 at the end of this 3-month period.
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AFAM Signals & Forecast
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. The Almost Family Inc fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $56.00 and $56.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 16, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Almost Family Inc fund
Almost Family Inc finds support from accumulated volume at $55.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFAM) For The Upcoming Trading Day Of Wednesday 18th
For the upcoming trading day on Wednesday, 18th we expect Almost Family Inc to open at $56.00, and during the day (based on 14 day Average True Range), to move between $55.30 and $56.70, which gives a possible trading interval of +/-$0.697 (+/-1.24%) up or down from last closing price. If Almost Family Inc takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.90 (0.18%) than the resistance at $57.05 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Almost Family Inc fund A Buy?
Almost Family Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.
Current score: -3.110 Sell Candidate Unchanged
Predicted Opening Price for Almost Family Inc of Wednesday, April 18, 2018
Fair opening price April 18, 2018 | Current price |
---|---|
$56.00 ( 0%) | $56.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFAM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.00 | . | |
R2 | 56.00 | . | ||
R1 | 56.00 | . | ||
Current price: | 56.00 | |||
Support | S1 | 56.00 | . | |
S2 | 56.00 | . | ||
S3 | 56.00 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.90 | 5.18 % | |
R2 | 57.70 | 3.04 % | ||
R1 | 57.05 | 1.88 % | ||
Current price | 56.00 | |||
Support | S1 | 55.90 | -0.179% | |
S2 | 55.80 | -0.357% | ||
S3 | 55.75 | -0.446% |
FAQ
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