Abacus Life, Inc. 9.875% Fixed Rate Stock Forecast
Abacus Life, Inc. 9.875% Fixed Rate stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Abacus Life, Inc. 9.875% Fixed Rate stock price gained 0.0392% on the last trading day (Friday, 28th Jun 2024), rising from $25.50 to $25.51. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.627% from a day low at $25.50 to a day high of $25.66. The price has risen in 6 of the last 10 days and is up by 0.04% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 758 shares were bought and sold for approximately $19.34 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 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 $25.14 and $25.84 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 mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.390%. 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 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. The Abacus Life, Inc. 9.875% Fixed Rate 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 $25.49 and $25.42. A breakdown below any of these levels will issue sell signals. 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 -1.27% 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 $25.45 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 $0.160 between high and low, or 0.627%. For the last week the stock has had daily average volatility of 2.20%
Our recommended stop-loss: $24.58 (-3.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (ABLLL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Abacus Life, Inc. 9.875% Fixed Rate Senior Notes Due 2028 to open at $25.56, and during the day (based on 14 day Average True Range), to move between $25.20 and $25.82, which gives a possible trading interval of +/-$0.309 (+/-1.21%) 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 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.56 (0.20%) than the support at $25.45 (0.24%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.547 Hold/Accumulate Downgraded
Predicted Opening Price for Abacus Life, Inc. 9.875% Fixed Rate Senior Notes Due 2028 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.56 ( 0.183%) | $25.51 |
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 | 25.72 | 0.81% |
| R2 | 25.66 | 0.571% |
| R1 | 25.62 | 0.423% |
| Price | 25.51 | |
| S1 | 25.50 | -0.0567% |
| S2 | 25.46 | -0.205% |
| S3 | 25.40 | -0.444% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.60 | 0.363% |
| R2 | 25.60 | 0.353% |
| R1 | 25.56 | 0.196% |
| Price | 25.51 | |
| S1 | 25.45 | -0.235% |
| S2 | 25.05 | -1.80% |
| S3 | 25.01 | -1.96% |
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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