Acacia Research Corporation Stock Forecast
Green day on Wednesday for Acacia Research Corporation
(Updated on Apr 24, 2024)
The Acacia Research Corporation stock price gained 0.201% on the last trading day (Wednesday, 24th Apr 2024), rising from $4.97 to $4.98. It has now gained 5 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 2.40% from a day low at $4.91 to a day high of $5.03. The price has risen in 6 of the last 10 days but is still down by -0.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 135 thousand shares were bought and sold for approximately $674.65 thousand.
The stock lies in the middle of a wide and strong 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 34.54% during the next 3 months and, with a 90% probability hold a price between $6.24 and $7.67 at the end of this 3-month period.
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ACTG Signals & Forecast
The Acacia Research Corporation 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 $4.91 and $4.88. A breakdown below any of these levels will issue sell signals. Acacia Research Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, April 04, 2024, and so far it has fallen -7.26%. 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).
Support, Risk & Stop-loss for Acacia Research Corporation stock
Acacia Research Corporation finds support from accumulated volume at $4.91 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 $0.118 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: $4.72 (-5.23%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (ACTG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Acacia Research Corporation to open at $4.97, and during the day (based on 14 day Average True Range), to move between $4.84 and $5.12, which gives a possible trading interval of +/-$0.143 (+/-2.86%) up or down from last closing price. If Acacia Research Corporation takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.05 (1.41%) than the support at $4.91 (1.41%), 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 Acacia Research Corporation 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 Acacia Research Corporation stock to perform well in the short-term.
Current score: 2.528 Buy Candidate Unchanged
Predicted Opening Price for Acacia Research Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $4.97 ( 0.120%) | $4.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.09 | 2.25 % | |
| R2 | 5.05 | 1.34 % | ||
| R1 | 5.02 | 0.785 % | ||
| Current price: | 4.98 | |||
| Support | S1 | 4.93 | -1.03 % | |
| S2 | 4.90 | -1.58 % | ||
| S3 | 4.86 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.21 | 4.62 % | |
| R2 | 5.17 | 3.82 % | ||
| R1 | 5.05 | 1.41 % | ||
| Current price | 4.98 | |||
| Support | S1 | 4.91 | -1.41% | |
| S2 | 4.65 | -6.63% | ||
| S3 | 4.32 | -13.25% |
ACTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 22, 2015 | Nov 04, 2015 | Nov 30, 2015 | $0.125 | 2.12% |
| 2 | Jul 23, 2015 | Aug 03, 2015 | Aug 31, 2015 | $0.125 | 1.31% |
| 3 | Apr 23, 2015 | Apr 30, 2015 | May 29, 2015 | $0.125 | 1.22% |
| 4 | Feb 19, 2015 | Feb 26, 2015 | Mar 30, 2015 | $0.125 | 1.21% |
| 5 | Oct 22, 2014 | Oct 30, 2014 | Nov 28, 2014 | $0.125 | 0.657% |
FAQ
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