Abacus Life, Inc. 9.875% Fixed Rate Stock Forecast
Red day on Tuesday for Abacus Life, Inc. 9.875% Fixed Rate
(Updated on Jun 25, 2024)
The Abacus Life, Inc. 9.875% Fixed Rate stock price fell by -0.612% on the last day (Tuesday, 25th Jun 2024) from $25.57 to $25.41. During the last trading day the stock fluctuated 0.316% from a day low at $25.33 to a day high of $25.41. The price has fallen in 5 of the last 10 days and is down by -0.27% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately $29.78 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Abacus Life, Inc. 9.875% Fixed Rate stock with a 90% probability to be traded between $25.18 and $25.89 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ABLLL Signals & Forecast
There are few to no technical positive signals at the moment. The Abacus Life, Inc. 9.875% Fixed Rate stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $25.53 and $25.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.781%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, April 01, 2024 in the long-term chart.
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, April 01, 2024 in the long-term chart.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.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -0.88% to $25.19 within 28 trading days since signal was issued (Friday, July 26, 2024).
Support, Risk & Stop-loss for Abacus Life, Inc. 9.875% Fixed Rate stock
Abacus Life, Inc. 9.875% Fixed Rate finds support from accumulated volume at $25.19 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 therefore the general risk is considered very 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 $0.0800 between high and low, or 0.316%. For the last week the stock has had daily average volatility of 0.677%
Our recommended stop-loss: $24.35 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (ABLLL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Abacus Life, Inc. 9.875% Fixed Rate Senior Notes Due 2028 to open at $25.38, and during the day (based on 14 day Average True Range), to move between $25.23 and $25.59, which gives a possible trading interval of +/-$0.183 (+/-0.72%) up or down from last closing price. If Abacus Life, Inc. 9.875% Fixed Rate Senior Notes Due 2028 takes out the full calculated possible swing range there will be an estimated 1.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.45 (0.16%) than the support at $25.19 (0.87%), 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 Abacus Life, Inc. 9.875% Fixed Rate Senior Notes Due 2028 stock A Buy?
Abacus Life, Inc. 9.875% Fixed Rate holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.251 Hold/Accumulate Unchanged
Predicted Opening Price for Abacus Life, Inc. 9.875% Fixed Rate Senior Notes Due 2028 of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $25.38 ( 0.105%) | $25.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABLLL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.46 | 0.210% |
| R2 | 25.43 | 0.0896% |
| R1 | 25.41 | 0.0153% |
| Price | 25.41 | |
| S1 | 25.35 | -0.225% |
| S2 | 25.33 | -0.300% |
| S3 | 25.30 | -0.420% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.60 | 0.748% |
| R2 | 25.56 | 0.590% |
| R1 | 25.45 | 0.157% |
| Price | 25.41 | |
| S1 | 25.19 | -0.87% |
| S2 | 25.05 | -1.42% |
| S3 | 25.01 | -1.57% |
ABLLL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 13, 2024 | May 15, 2024 | $0.617 | 2.46% |
FAQ
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