Ashland Inc Stock Forecast
Green day on Tuesday for Ashland Inc
(Updated on May 07, 2024)
The Ashland Inc stock price gained 0.699% on the last trading day (Tuesday, 7th May 2024), rising from $97.34 to $98.02. It has now gained 4 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 1.21% from a day low at $97.58 to a day high of $98.77. The price has risen in 6 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 93 thousand more shares were traded than the day before. In total, 340 thousand shares were bought and sold for approximately $33.31 million.
The stock lies in the middle of a 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 3.97% during the next 3 months and, with a 90% probability hold a price between $98.32 and $103.29 at the end of this 3-month period.
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ASH Signals & Forecast
Mostly positive signals in the chart today. The Ashland Inc 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 $96.26 and $95.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Ashland Inc stock
Ashland Inc finds support from accumulated volume at $95.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.19 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: $92.84 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (ASH) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Ashland Inc to open at $98.12, and during the day (based on 14 day Average True Range), to move between $95.81 and $100.23, which gives a possible trading interval of +/-$2.21 (+/-2.25%) up or down from last closing price. If Ashland Inc takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $95.79, some $2.23 (2.28%) from the current price of $98.02, our system finds the risk reward attractive.
Is Ashland Inc 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 Ashland Inc stock to perform well in the short-term.
Current score: 4.593 Buy Candidate Unchanged
Predicted Opening Price for Ashland Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $98.12 ( 0.104%) | $98.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.31 | 1.31 % | |
| R2 | 98.85 | 0.85 % | ||
| R1 | 98.57 | 0.566 % | ||
| Current price: | 98.02 | |||
| Support | S1 | 97.67 | -0.358 % | |
| S2 | 97.39 | -0.643 % | ||
| S3 | 96.94 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 98.02 | |||
| Support | S1 | 95.79 | -2.28% | |
| S2 | 95.49 | -2.58% | ||
| S3 | 94.50 | -3.59% |
ASH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 22, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.385 | 0.398% |
| 2 | Jan 22, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.385 | 0.398% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.385 | 0.452% |
| 4 | Aug 14, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.385 | 0.462% |
| 5 | May 11, 2023 | May 31, 2023 | Jun 15, 2023 | $0.385 | 0.446% |
FAQ
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