Aberdeen International Inc Stock Forecast
High volatility in Aberdeen International Inc stock price on Friday which ended trading at $0.0400
(Updated on Jun 21, 2024)
The Aberdeen International Inc stock price gained 14.29% on the last trading day (Friday, 21st Jun 2024), rising from $0.0350 to $0.0400. During the last trading day the stock fluctuated 28.57% from a day low at $0.0350 to a day high of $0.0450. The price has risen in 4 of the last 10 days and is up by 60% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 513 thousand shares were bought and sold for approximately $20.52 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $0.0404 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 28.74% during the next 3 months and, with a 90% probability hold a price between $0.0291 and $0.0520 at the end of this 3-month period.
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AAB.TO Signals & Forecast
The Aberdeen International 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 $0.0321 and $0.0260. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aberdeen International Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0350. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0100 between high and low, or 28.57%. For the last week the stock has had daily average volatility of 29.05%.
Our recommended stop-loss: $0.0388 (-3.00%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (AAB.TO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Aberdeen International Inc to open at $0.0400, and during the day (based on 14 day Average True Range), to move between $0.0350 and $0.0450, which gives a possible trading interval of +/-$0.0050 (+/-12.62%) up or down from last closing price. If Aberdeen International Inc takes out the full calculated possible swing range there will be an estimated 25.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0350, some $0.0050 (12.50%) from the current price of $0.0400, our system finds the risk reward attractive.
Is Aberdeen International 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 Aberdeen International Inc stock to perform well in the short-term.
Current score: 2.677 Buy Candidate Unchanged
Predicted Opening Price for Aberdeen International Inc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.0400 ( 0%) | $0.0400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAB.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0500 | 25.00% |
| R2 | 0.0462 | 15.45% |
| R1 | 0.0438 | 9.55% |
| Price | 0.0400 | |
| S1 | 0.0362 | -9.55% |
| S2 | 0.0338 | -15.45% |
| S3 | 0.0300 | -25.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.0400 | |
| S1 | 0.0350 | -12.50% |
| S2 | 0 | - |
| S3 | 0 | - |
AAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2012 | Sep 18, 2012 | Sep 30, 2012 | $0.0100 | 2.50% |
| 2 | Feb 21, 2012 | Mar 14, 2012 | Mar 31, 2012 | $0.0100 | 1.89% |
| 3 | Mar 03, 2011 | Mar 11, 2011 | Mar 31, 2011 | $0.0100 | 1.19% |
FAQ
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