Abo Wind Ag Stock Forecast
Abo Wind Ag stock price up 1.13% on Thursday
(Updated on Jun 27, 2024)
The Abo Wind Ag stock price gained 1.13% on the last trading day (Thursday, 27th Jun 2024), rising from 53.20€ to 53.80€. During the last trading day the stock fluctuated 1.50% from a day low at 53.40€ to a day high of 54.20€. The price has been going up and down for this period, and there has been a -1.1% loss for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 240 shares were bought and sold for approximately 12.91€ 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.36% during the next 3 months and, with a 90% probability hold a price between 46.97€ and 52.45€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AB9.F Signals & Forecast
There are mixed signals in the stock today. The Abo Wind Ag stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 54.25€. On a fall, the stock will find some support from the short-term average at 53.17€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 4.26%. Further rise is indicated until a new top pivot has been found.
A buy signal from a double bottom formation was found on Wednesday, June 19, 2024 and based on theory for this formation the price should go up by 7.95% to 58.08€ within 29 trading days since signal was issued (Tuesday, July 30, 2024).
Support, Risk & Stop-loss for Abo Wind Ag stock
Abo Wind Ag finds support from accumulated volume at 53.20€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.80€ between high and low, or 1.50%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AB9.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Abo Wind Ag to open at 53.80€, and during the day (based on 14 day Average True Range), to move between 52.11€ and 55.49€, which gives a possible trading interval of +/-1.69€ (+/-3.15%) up or down from last closing price. If Abo Wind Ag takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 53.20€ (1.12%) than the resistance at 55.60€ (3.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Abo Wind Ag stock A Buy?
Abo Wind Ag holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.148 Sell Candidate Unchanged
Predicted Opening Price for Abo Wind Ag of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 53.80€ ( 0.00000000%) | 53.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AB9.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.60 | 1.49% |
| R2 | 54.29 | 0.92% |
| R1 | 54.11 | 0.568% |
| Price | 53.80 | |
| S1 | 53.49 | -0.568% |
| S2 | 53.31 | -0.92% |
| S3 | 53.00 | -1.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 59.00 | 9.67% |
| R2 | 56.00 | 4.09% |
| R1 | 55.60 | 3.35% |
| Price | 53.80 | |
| S1 | 53.20 | -1.12% |
| S2 | 52.60 | -2.23% |
| S3 | 51.80 | -3.72% |
AB9 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | 0.600€ | 0% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | May 03, 2023 | 0.540€ | 0% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | May 03, 2022 | 0.490€ | 0% |
| 4 | Jul 09, 2020 | Aug 21, 2020 | Aug 25, 2020 | 0.420€ | 0% |
FAQ
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