Aberdeen Asian Smaller Co Investment Stock Forecast
Stronger technical forecast for Aberdeen Asian Smaller Co Investment stock price after Friday trading.
(Updated on Apr 26, 2024)
The Aberdeen Asian Smaller Co Investment stock price gained 1.49% on the last trading day (Friday, 26th Apr 2024), rising from £268.00 to £272.00. During the last trading day the stock fluctuated 1.57% from a day low at £268.30 to a day high of £272.50. The price has risen in 6 of the last 10 days and is up by 0.74% over the past 2 weeks. Volume fell on the last day by -73 thousand shares and in total, 25 thousand shares were bought and sold for approximately £6.85 million. 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 weak 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 £273.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.36% during the next 3 months and, with a 90% probability hold a price between £265.65 and £282.20 at the end of this 3-month period.
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AAS.L Signals & Forecast
The Aberdeen Asian Smaller Co Investment 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 £267.29 and £263.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.82%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 2023.
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 Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 2023.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 12 Months
The stock had a Golden Star Signal on Monday, March 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 2023.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 Aberdeen Asian Smaller Co Investment stock
Aberdeen Asian Smaller Co Investment finds support from accumulated volume at £261.00 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 £4.20 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: £260.54 (-4.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (AAS.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Aberdeen Asian Smaller Company Investment Trust to open at £270.93, and during the day (based on 14 day Average True Range), to move between £267.03 and £276.97, which gives a possible trading interval of +/-£4.97 (+/-1.83%) up or down from last closing price. If Aberdeen Asian Smaller Company Investment Trust takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £261.00, some £11.00 (4.04%) from the current price of £272.00, our system finds the risk reward attractive.
Is Aberdeen Asian Smaller Company Investment Trust 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 Smaller Co Investment stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.233 Buy Candidate Upgraded
Predicted Opening Price for Aberdeen Asian Smaller Company Investment Trust of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
£270.93 ( 0.392%) | £272.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAS.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 275.13 | 1.15 % | |
R2 | 273.53 | 0.562 % | ||
R1 | 272.54 | 0.198 % | ||
Current price: | 272.00 | |||
Support | S1 | 269.33 | -0.98 % | |
S2 | 268.34 | -1.35 % | ||
S3 | 266.73 | -1.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 272.00 | |||
Support | S1 | 261.00 | -4.04% | |
S2 | 260.00 | -4.41% | ||
S3 | 259.00 | -4.78% |
AAS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Feb 22, 2024 | Mar 21, 2024 | £1.60 | 0.618% |
2 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £0.0385 | 0.0149% |
3 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | £0.0161 | 0.0064% |
4 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £1.60 | 0.641% |
5 | Feb 14, 2023 | Feb 23, 2023 | Mar 21, 2023 | £1.60 | 0.643% |
FAQ
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