Aberdeen Asian Income Fund Stock Forecast
Stronger technical forecast for Aberdeen Asian Income Fund stock price after Friday trading.
(Updated on Apr 26, 2024)
The Aberdeen Asian Income Fund stock price gained 1.46% on the last trading day (Friday, 26th Apr 2024), rising from £206.00 to £209.00. During the last trading day the stock fluctuated 3.94% from a day low at £203.00 to a day high of £211.00. The price has fallen in 5 of the last 10 days and is down by -2.34% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 134 thousand more shares were traded than the day before. In total, 366 thousand shares were bought and sold for approximately £76.41 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 6.77% during the next 3 months and, with a 90% probability hold a price between £218.38 and £230.85 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AAIF.L Signals & Forecast
The Aberdeen Asian Income Fund 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 £207.86 and £206.64. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 12, 2024, and so far it has fallen -2.34%. 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 Aberdeen Asian Income Fund stock
Aberdeen Asian Income Fund finds support from accumulated volume at £208.00 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 £8.00 between high and low, or 3.94%. For the last week the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: £199.37 (-4.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AAIF.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Aberdeen Asian Income Fund to open at £207.67, and during the day (based on 14 day Average True Range), to move between £204.11 and £213.89, which gives a possible trading interval of +/-£4.89 (+/-2.34%) up or down from last closing price. If Aberdeen Asian Income Fund takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £208.00 (0.48%) than the resistance at £211.00 (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Aberdeen Asian Income Fund will release earnings BMO on Tuesday, April 30, 2024. We will update the financials statements for Aberdeen Asian Income Fund, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.09% in the first trading day after earnings release.
Is Aberdeen Asian Income Fund 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 Asian Income Fund stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.186 Buy Candidate Upgraded
Predicted Opening Price for Aberdeen Asian Income Fund of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £207.67 ( 0.638%) | £209.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAIF.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 215.67 | 3.19 % | |
| R2 | 212.61 | 1.73 % | ||
| R1 | 210.72 | 0.82 % | ||
| Current price: | 209.00 | |||
| Support | S1 | 204.61 | -2.10 % | |
| S2 | 202.72 | -3.00 % | ||
| S3 | 199.67 | -4.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 214.00 | 2.39 % | |
| R2 | 212.00 | 1.44 % | ||
| R1 | 211.00 | 0.96 % | ||
| Current price | 209.00 | |||
| Support | S1 | 208.00 | -0.478% | |
| S2 | 204.00 | -2.39% | ||
| S3 | 201.00 | -3.83% |
AAIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 24, 2024 | £2.55 | 1.22% |
| 2 | Jan 25, 2024 | Jan 25, 2024 | Feb 23, 2024 | £0.0425 | 0.0211% |
| 3 | Oct 26, 2023 | Oct 26, 2023 | Oct 26, 2023 | £0.0250 | 0.0134% |
| 4 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0250 | 0.0121% |
| 5 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | £2.50 | 1.21% |
FAQ
Click here for our free guide on how to buy Aberdeen Asian Income Fund Stock.
