AAC TEC HOLDINGS ADR Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AAC TEC HOLDINGS ADR stock upgraded from Sell Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on May 02, 2024)
The AAC TEC HOLDINGS ADR stock price gained 4.60% on the last trading day (Thursday, 2nd May 2024), rising from $3.10 to $3.24. During the last trading day the stock fluctuated 3.18% from a day low at $3.14 to a day high of $3.24. The price has risen in 5 of the last 10 days and is up by 2.21% 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, 7 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately $47.59 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 47.30% during the next 3 months and, with a 90% probability hold a price between $4.56 and $5.37 at the end of this 3-month period.
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AACAY Signals & Forecast
The AAC TEC HOLDINGS ADR 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 $3.09 and $3.08. A breakdown below any of these levels will issue sell signals. AAC TEC HOLDINGS ADR 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. 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 Tuesday, April 09, 2024, and so far it has fallen -2.41%. 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 AAC TEC HOLDINGS ADR stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.86 and $2.84. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AAC TEC HOLDINGS ADR finds support just below today's level at $2.86. If this is broken, then the next support from accumulated volume will be at $2.84 and $2.49.
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 $0.100 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: $3.11 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (AACAY) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect AAC TEC HOLDINGS ADR to open at $3.21, and during the day (based on 14 day Average True Range), to move between $3.16 and $3.32, which gives a possible trading interval of +/-$0.0822 (+/-2.54%) up or down from last closing price. If AAC TEC HOLDINGS ADR takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.25 (0.31%) than the support at $2.86 (11.88%), 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 AAC TEC HOLDINGS ADR stock A Buy?
AAC TEC HOLDINGS ADR holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 6.243 Strong Buy Candidate Upgraded
Predicted Opening Price for AAC TEC HOLDINGS ADR of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $3.21 ( 1.03%) | $3.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AACAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.31 | 2.06 % | |
| R2 | 3.27 | 0.88 % | ||
| R1 | 3.24 | 0.150 % | ||
| Current price: | 3.24 | |||
| Support | S1 | 3.17 | -2.21 % | |
| S2 | 3.14 | -2.94 % | ||
| S3 | 3.11 | -4.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.32 | 2.47 % | |
| R2 | 3.32 | 2.31 % | ||
| R1 | 3.25 | 0.309 % | ||
| Current price | 3.24 | |||
| Support | S1 | 2.86 | -11.88% | |
| S2 | 2.84 | -12.35% | ||
| S3 | 2.49 | -23.15% |
AACAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2023 | May 26, 2023 | Jul 06, 2023 | $0.0150 | 0.651% |
| 2 | Sep 02, 2021 | Sep 07, 2021 | Oct 08, 2021 | $0.0260 | 0.637% |
| 3 | May 25, 2021 | May 28, 2021 | Jul 08, 2021 | $0.0260 | 0.389% |
| 4 | Aug 24, 2020 | Sep 08, 2020 | Oct 09, 2020 | $0.0130 | 0.226% |
| 5 | Aug 23, 2019 | Sep 10, 2019 | Oct 15, 2019 | $0.0510 | 0.89% |
FAQ
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