Aberdeen International Inc Stock Forecast
High volatility in Aberdeen International Inc stock price on Thursday which ended trading at $0.0500
(Updated on Jun 27, 2024)
No changes to the price of Aberdeen International Inc stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 11.11% from a day low at $0.0450 to a day high of $0.0500. The price has risen in 5 of the last 10 days and is up by 66.67% over the past 2 weeks.
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 $0.0503 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 50.61% during the next 3 months and, with a 90% probability hold a price between $0.0395 and $0.0758 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 $0.0443 and $0.0290. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
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 $0.0450 and $0.0400. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0400 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0050 between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 14.88%.
The Aberdeen International Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $0.0483 (-3.44%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (AAB.TO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Aberdeen International Inc to open at $0.0483, and during the day (based on 14 day Average True Range), to move between $0.0450 and $0.0550, which gives a possible trading interval of +/-$0.0050 (+/-9.92%) up or down from last closing price. If Aberdeen International Inc takes out the full calculated possible swing range there will be an estimated 19.84% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0450, some $0.0050 (10.00%) from the current price of $0.0500, 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: 3.087 Buy Candidate Unchanged
Predicted Opening Price for Aberdeen International Inc of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$0.0483 ( 3.33%) | $0.0500 |
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 | 0.0533 | 6.67% |
R2 | 0.0514 | 2.85% |
R1 | 0.0502 | 0.487% |
Price | 0.0500 | |
S1 | 0.0464 | -7.15% |
S2 | 0.0452 | -9.51% |
S3 | 0.0433 | -13.33% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 0.0500 | |
S1 | 0.0450 | -10.00% |
S2 | 0.0400 | -20.00% |
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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